Lumentum Holdings Inc. $LITE Shares Purchased by Strategy Asset Managers LLC

Strategy Asset Managers LLC grew its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 375.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,294 shares of the technology company’s stock after purchasing an additional 1,022 shares during the quarter. Strategy Asset Managers LLC’s holdings in Lumentum were worth $1,257,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Jupiter Topco LLC purchased a new stake in Lumentum during the second quarter worth about $1,621,396,000. Amundi raised its position in Lumentum by 188.7% in the second quarter. Amundi now owns 658,427 shares of the technology company’s stock worth $564,970,000 after acquiring an additional 430,355 shares during the period. WT Asset Management Ltd bought a new stake in Lumentum in the second quarter worth about $494,688,000. Janus Henderson Group PLC boosted its stake in Lumentum by 163.2% in the first quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock valued at $398,590,000 after acquiring an additional 351,676 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in Lumentum in the second quarter valued at about $376,539,000. 94.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LITE shares. UBS Group set a $820.00 target price on shares of Lumentum in a research report on Wednesday, August 12th. Mizuho lifted their price target on shares of Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 price target on shares of Lumentum in a report on Monday, October 5th. TD Cowen upped their price objective on Lumentum from $800.00 to $820.00 and gave the company a “hold” rating in a research note on Wednesday, August 12th. Finally, Citigroup increased their price objective on Lumentum from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a report on Monday, September 28th. Sixteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,078.75.

Insider Buying and Selling

In related 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 transaction, the chief financial officer directly owned 75,074 shares in the company, valued at approximately $78,715,089. The trade was a 24.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 business’s stock in a transaction 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 sale, 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 94,496 shares of company stock worth $85,978,498 over the last 90 days. 0.28% of the stock is currently owned by corporate insiders.

Lumentum Price Performance

NASDAQ LITE opened at $896.33 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The company has a market cap of $81.19 billion, a PE ratio of -10.90 and a beta of 1.53. Lumentum Holdings Inc. has a 52 week low of $152.54 and a 52 week high of $1,143.00. The firm’s 50-day simple moving average is $932.17 and its two-hundred day simple moving average is $875.26.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The firm had revenue of $1.01 billion during 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% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Research analysts predict that Lumentum Holdings Inc. will post 19.79 earnings per share for the current year.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Stifel raised its price target for Lumentum from $1,100 to $1,232, signaling continued confidence in the company’s AI-related growth prospects. Stifel raised target for Lumentum stock
• Positive Sentiment: Recent commentary highlights Lumentum’s substantial backlog, demand that is exceeding supply, and optical-component commitments extending through 2029. These trends support expectations for sustained AI data-center revenue growth. Lumentum long-term AI optics commitments
• Positive Sentiment: Lumentum, Astera Labs and Corning demonstrated PCIe-over-optics technology for AI rack-scale systems at the OCP Global Summit, reinforcing the company’s strategic role in next-generation data-center connectivity. PCIe-over-optics demonstration
• Positive Sentiment: Analysts and investment commentators remain constructive on LITE’s long-term outlook, citing rising free cash flow, approximately $1.1 billion in net cash, and potential fiscal 2027 revenue growth of about 70%. Lumentum free cash flow outlook
• Neutral Sentiment: Coverage describing Lumentum as a leading photonics supplier and a major AI-infrastructure beneficiary may support investor interest, but much of the optimism appears reflected in the stock’s substantial prior gains. Lumentum photonics overview
• Negative Sentiment: Optical-networking stocks, including Lumentum, Coherent and Applied Optoelectronics, are under pressure amid concerns that AI infrastructure projects may face funding constraints or slower spending growth. AI funding fears hit optical stocks
• Negative Sentiment: Zacks Research downgraded Lumentum from “strong buy” to “hold,” while other reports warn that the stock’s sharp 2026 advance and elevated valuation leave it vulnerable to profit-taking. Zacks Lumentum momentum analysis

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.