23,234 Lumentum Holdings Inc. $LITE Shares Sold by M & L Capital Management Ltd

M & L Capital Management Ltd lowered its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 44.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,796 shares of the technology company’s stock after selling 23,234 shares during the period. Lumentum makes up about 5.8% of M & L Capital Management Ltd’s investment portfolio, making the stock its 9th largest position. M & L Capital Management Ltd’s holdings in Lumentum were worth $27,968,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Asset Management One Co. Ltd. grew its holdings in Lumentum by 3.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 37,039 shares of the technology company’s stock valued at $35,974,000 after purchasing an additional 1,394 shares in the last quarter. Latitude Advisors LLC acquired a new position in Lumentum in the 3rd quarter worth $40,000. Roman Butler Fullerton & Co. lifted its holdings in Lumentum by 47.9% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 1,349 shares of the technology company’s stock worth $1,310,000 after buying an additional 437 shares in the last quarter. SYM FINANCIAL Corp acquired a new position in Lumentum in the 3rd quarter worth $209,000. Finally, Angeles Wealth Management LLC boosted its position in Lumentum by 13.9% in the 3rd quarter. Angeles Wealth Management LLC now owns 279 shares of the technology company’s stock valued at $271,000 after buying an additional 34 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LITE has been the subject of several recent analyst reports. Rosenblatt Securities restated a “buy” rating and set a $1,300.00 target price on shares of Lumentum in a research note on Monday, October 5th. JPMorgan Chase & Co. boosted their price target on Lumentum from $1,165.00 to $1,280.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Raymond James Financial reiterated an “outperform” rating and issued a $1,036.00 price target on shares of Lumentum in a research note on Wednesday, August 12th. Morgan Stanley increased their price target on Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. Finally, Mizuho raised their price objective on Lumentum from $1,100.00 to $1,140.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,080.83.

Insider Activity

In other news, CFO Wajid Ali sold 24,542 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the sale, the chief financial officer owned 75,074 shares in the company, valued at approximately $78,715,089. This represents a 24.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 307 shares of the stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $945.00, for a total transaction of $290,115.00. Following the transaction, the insider directly owned 108,320 shares in the company, valued at $102,362,400. The trade was a 0.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 94,496 shares of company stock valued at $85,978,498 in the last three months. Insiders own 0.28% of the company’s stock.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: New bullish analyst coverage: StoneX initiated coverage with a Buy rating and a $1,200 target, citing “critical scarcity points” in optical components. BNP Paribas also raised its target to $1,425. These targets imply substantial upside and helped drive buying across the optical sector. StoneX starts coverage with USD 1,200 target for Lumentum stock
• Positive Sentiment: Strong AI-related demand: Reports indicate Lumentum’s AI components are effectively sold out, potentially through 2029. Demand for 200G EMLs, high-power lasers and other optical products is being driven by data-center and AI-compute expansion. Lumentum stock surges as AI components are sold out
• Positive Sentiment: Favorable industry backdrop: Evercore ISI said optical stocks are benefiting from AI-driven bandwidth requirements, improving fundamentals and tight supply. Lumentum, Ciena, Coherent and Nokia all participated in the sector rally. Analyst explains why optical stocks are moving higher
• Positive Sentiment: Product development: Lumentum’s demonstration of AI rack optics supports the company’s positioning in next-generation data-center connectivity. Its prior earnings report also showed revenue growth of 109.3% year over year and earnings above consensus, while management guided to $4.05–$4.35 in next-quarter EPS. Lumentum announces AI rack optics demonstration
• Neutral Sentiment: Earnings are the next catalyst: The rally has continued ahead of Lumentum’s upcoming results, increasing the importance of its outlook for AI demand, capacity expansion and margins.
• Negative Sentiment: Valuation and execution risks: Analysts caution that being sold out does not automatically mean demand can scale. InP-fab capacity constraints and reliance on optical-circuit-switching expansion could limit growth, while the stock’s sharp multi-year advance leaves it vulnerable to profit-taking if earnings or guidance disappoint. Lumentum sold out is not the same as scalable

Lumentum Stock Performance

Shares of NASDAQ:LITE opened at $866.18 on Wednesday. The company has a fifty day simple moving average of $921.02 and a 200 day simple moving average of $786.82. Lumentum Holdings Inc. has a 12-month low of $184.20 and a 12-month high of $1,143.00.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same quarter last year, the company earned $0.88 earnings per share. The company’s revenue was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, analysts expect that Lumentum Holdings Inc. will post 19.79 earnings per share for the current fiscal year.

Lumentum Company Profile

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.