N10 Wealth LLC Purchases 2,197 Shares of Lumentum Holdings Inc. $LITE

N10 Wealth LLC grew its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 31.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,093 shares of the technology company’s stock after buying an additional 2,197 shares during the quarter. Lumentum accounts for 2.5% of N10 Wealth LLC’s holdings, making the stock its 17th largest holding. N10 Wealth LLC’s holdings in Lumentum were worth $8,832,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Hilton Head Capital Partners LLC acquired a new position in Lumentum during the 1st quarter worth about $25,000. Sachetta LLC grew its position in Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after acquiring an additional 19 shares in the last quarter. Burkett Financial Services LLC acquired a new position in Lumentum in the 3rd quarter valued at about $28,000. Meeder Asset Management Inc. acquired a new position in Lumentum in the 2nd quarter valued at about $40,000. Finally, Keating Financial Advisory Services Inc. purchased a new stake in Lumentum during the second quarter worth about $41,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wolfe Research reissued an “outperform” rating on shares of Lumentum in a research report on Friday, August 21st. Evercore assumed coverage on shares of Lumentum in a research note on Monday, August 31st. They issued an “outperform” rating and a $1,100.00 price target for the company. 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. Deutsche Bank Aktiengesellschaft started coverage on Lumentum in a report on Monday, August 31st. They issued a “buy” rating and a $1,200.00 price objective on the stock. Finally, TD Cowen boosted 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. Sixteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average target price of $1,078.75.

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 growth prospects. Stifel raised target for Lumentum stock
• Positive Sentiment: Lumentum’s order book is reportedly booked through early 2029, with demand exceeding available supply. This backlog supports revenue visibility and reinforces the company’s exposure to AI data-center buildouts. Lumentum’s Massive Backlog and Demand Justify Buying at Today’s Price
• Positive Sentiment: Recent commentary highlights potential for strong fiscal 2027 growth, improving free cash flow and a net cash position of approximately $1.1 billion. Lumentum also participated in a PCIe-over-optics demonstration for AI rack-scale systems. Lumentum: The Free Cash Flow Inflection
• Neutral Sentiment: Analyst views are mixed: Zacks Research downgraded Lumentum from “strong buy” to “hold,” while other coverage continues to describe the stock as a momentum or AI investment candidate.
• Negative Sentiment: Optical-networking stocks are experiencing a broad selloff after substantial year-to-date gains. Investors are taking profits and questioning whether AI infrastructure spending can remain durable enough to support current valuations. AI Funding Fears Hit Optical Networking Trade
• Negative Sentiment: Lumentum’s premium valuation makes the stock vulnerable to multiple compression if investors become less confident in long-term AI demand, even though product commitments and backlog remain strong. Lumentum Is Down After Long-Term AI Optics Commitments Raise Demand Questions

Insiders Place Their Bets

In other news, CFO Wajid Ali sold 24,542 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was 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 of the company’s stock, valued at $78,715,089. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 307 shares of the company’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total value of $290,115.00. Following the completion of the sale, the insider owned 108,320 shares in the company, valued at $102,362,400. This represents 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. In the last quarter, insiders have sold 94,496 shares of company stock worth $85,978,498. 0.28% of the stock is owned by insiders.

Lumentum Stock Performance

Shares of LITE stock traded down $84.40 during mid-day trading on Wednesday, hitting $903.59. The stock had a trading volume of 3,253,062 shares, compared to its average volume of 5,478,257. Lumentum Holdings Inc. has a fifty-two week low of $152.54 and a fifty-two week high of $1,143.00. The company’s 50-day simple moving average is $930.77 and its 200-day simple moving average is $873.79. The firm has a market cap of $81.85 billion, a PE ratio of -11.00 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40.

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

About Lumentum

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.