Lumentum Holdings Inc. $LITE Stock Purchased by Q Fund Management Hong Kong Ltd

Q Fund Management Hong Kong Ltd raised its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 827.7% during the third quarter, HoldingsChannel reports. The fund owned 8,720 shares of the technology company’s stock after buying an additional 7,780 shares during the period. Lumentum comprises approximately 7.6% of Q Fund Management Hong Kong Ltd’s holdings, making the stock its 6th largest position. Q Fund Management Hong Kong Ltd’s holdings in Lumentum were worth $8,469,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jupiter Topco LLC purchased a new position in shares of Lumentum in the 2nd quarter worth about $1,621,396,000. Amundi grew its position in Lumentum by 188.7% during the 2nd quarter. Amundi now owns 658,427 shares of the technology company’s stock valued at $564,970,000 after purchasing an additional 430,355 shares during the last quarter. WT Asset Management Ltd purchased a new stake in Lumentum during the 2nd quarter valued at about $494,688,000. Janus Henderson Group PLC increased its stake in Lumentum by 163.2% during the 1st quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock valued at $398,590,000 after purchasing an additional 351,676 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Lumentum during the 2nd quarter valued at about $376,539,000. 94.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,040.00 target price on shares of Lumentum in a report on Wednesday, August 12th. Weiss Ratings cut shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. TD Cowen raised their price target on shares of Lumentum from $800.00 to $820.00 and gave the company a “hold” rating in a research report on Wednesday, August 12th. Citigroup boosted their price objective on shares of Lumentum from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a report on Monday, September 28th. Finally, Evercore assumed coverage on shares of Lumentum in a report on Monday, August 31st. They issued an “outperform” rating and a $1,100.00 price objective for the company. Sixteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and an average price target of $1,078.75.

Lumentum Price Performance

NASDAQ LITE opened at $987.99 on Wednesday. Lumentum Holdings Inc. has a one year low of $152.54 and a one year high of $1,143.00. The stock has a 50-day moving average of $930.77 and a 200 day moving average of $873.79. The company has a market capitalization of $89.49 billion, a price-to-earnings ratio of -12.02 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. Lumentum’s revenue was up 109.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, sell-side analysts forecast that Lumentum Holdings Inc. will post 19.79 EPS for the current year.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum, Astera Labs and Corning demonstrated a 1060 nm VCSEL-based PCIe-over-optics platform for AI rack-scale connectivity. The technology could support future data-center bandwidth demand and strengthen Lumentum’s position in AI infrastructure. Lumentum, Astera Labs, and Corning Demonstrate PCIe over Optics
• Positive Sentiment: Several reports remain bullish, citing a backlog that is booked through early 2029, demand that exceeds available supply and a potential free-cash-flow inflection. These factors suggest strong visibility for revenue growth, although the shares trade at a demanding valuation. Lumentum’s Massive Backlog and Demand
• Neutral Sentiment: Investors and analysts have mixed views. Some see Lumentum as a leading momentum and AI stock, while others argue that its substantial gains this year warrant taking profits after a recent pullback. Analysts’ Opinions Are Mixed on Lumentum
• Negative Sentiment: Zacks Research downgraded LITE from “strong buy” to “hold,” reducing a source of near-term buying support.
• Negative Sentiment: Optical stocks have fallen broadly as investors question whether AI data-center spending can remain durable after their significant year-to-date gains. Lumentum’s long-term commitments and booked capacity have not insulated it from this sector repricing. Lumentum Down After AI Optics Concerns

Insider Buying and Selling

In other news, CFO Wajid Ali sold 24,542 shares of Lumentum stock in a transaction that occurred on 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 completion of the sale, the chief financial officer directly owned 75,074 shares in the company, valued at $78,715,089. The trade was a 24.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 307 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The shares were 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 of the company’s stock, valued at $102,362,400. The trade was a 0.28% decrease in their ownership of the stock. 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 94,496 shares of company stock valued at $85,978,498 over the last quarter. Company insiders own 0.28% of the company’s stock.

Lumentum Profile

Lumentum Holdings Inc is a photonics and optical technology company that develops and manufactures products used to transmit, process and manage light. Its solutions support communications networks, data centers, cloud computing infrastructure, industrial applications, and other technology markets that rely on high-speed optical connectivity and precision lasers.

The company’s product portfolio includes optical components and modules for telecommunications and networking, lasers and laser systems, optical amplifiers, wavelength-management products, and photonic subsystems.