1,574 Shares in Lumentum Holdings Inc. $LITE Acquired by Sax Wealth Advisors LLC

Key Points

• Sax Wealth Advisors acquired 1,574 Lumentum shares valued at approximately $1.53 million, while institutional investors collectively own 94.05% of the company.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,078.75; targets range as high as $1,232.
• Lumentum reported quarterly earnings and revenue above expectations, supported by strong AI and optical-connectivity demand, although the stock has faced a sector-wide pullback and recent insider selling.

Sax Wealth Advisors LLC bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,574 shares of the technology company's stock, valued at approximately $1,529,000.

Other institutional investors have also added to or reduced their stakes in the company. Hilton Head Capital Partners LLC bought a new stake in shares of Lumentum during the 1st quarter valued at $25,000. Sachetta LLC increased its stake in shares of Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company's stock worth $25,000 after purchasing an additional 19 shares in the last quarter. Burkett Financial Services LLC purchased a new stake in shares of Lumentum in the 3rd quarter worth $28,000. Meeder Asset Management Inc. bought a new position in Lumentum in the 2nd quarter worth $40,000. Finally, Keating Financial Advisory Services Inc. bought a new position in Lumentum in the 2nd quarter worth $41,000. 94.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LITE has been the topic of several analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $1,040.00 target price on shares of Lumentum in a research report on Wednesday, August 12th. Raymond James Financial reissued an "outperform" rating and set a $1,036.00 price target on shares of Lumentum in a report on Wednesday, August 12th. Evercore began coverage on Lumentum in a research report on Monday, August 31st. They issued an "outperform" rating and a $1,100.00 price target for the company. Sanford C. Bernstein initiated coverage on Lumentum in a research report on Wednesday, September 30th. They issued an "outperform" rating and a $1,220.00 price target for the company. Finally, Stifel Nicolaus raised their price objective on Lumentum from $1,100.00 to $1,232.00 and gave the stock a "buy" rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lumentum presently has a consensus rating of "Moderate Buy" and an average target price of $1,078.75.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $987.99 on Wednesday. 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 Holdings Inc. has a 1-year low of $152.54 and a 1-year high of $1,143.00. The company has a market capitalization of $89.49 billion, a P/E ratio of -12.02 and a beta of 1.53. The firm's 50 day simple moving average is $930.77 and its two-hundred day simple moving average is $873.79.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly 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 negative net margin of 230.15% and a positive return on equity of 26.34%. The company's revenue was up 109.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Research analysts expect that Lumentum Holdings Inc. will post 19.79 EPS for the current fiscal year.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum’s backlog has crossed a significant threshold, with demand reportedly exceeding supply and orders booked well into 2029. Supporters argue that this visibility strengthens the company’s outlook and may justify buying the recent pullback. Lumentum's Massive Backlog and Demand Justify Buying at Today's Price
• Positive Sentiment: Lumentum, Astera Labs, and Corning demonstrated a PCIe-over-optics platform for AI rack-scale systems at the OCP Global Summit. The technology highlights Lumentum’s role in next-generation data-center connectivity, while management said optical-component demand is largely committed through 2029. Lumentum, Astera Labs, and Corning Demonstrate PCIe over Optics
• Positive Sentiment: Several analysts and commentators remain bullish, citing potential free-cash-flow expansion, approximately $1.1 billion in net cash, strong AI exposure, and the possibility of substantial fiscal 2027 revenue growth. Lumentum has also been identified as a potential buy-on-the-dip AI stock. Lumentum: The Free Cash Flow Inflection I'm Betting On
• Neutral Sentiment: Analyst opinions are mixed. While some see significant long-term upside from AI connectivity, others are more cautious following Lumentum’s sharp rally and the stock’s demanding valuation. Analysts' Opinions Are Mixed
• Negative Sentiment: The immediate catalyst is sector-wide selling in optical stocks. After gaining roughly 164% in 2026, Lumentum has experienced a recent pullback as investors take profits and question whether AI infrastructure spending can remain at current levels. Optical Networking Selloff and AI Funding Fears
• Negative Sentiment: The selloff has been especially pronounced even though Lumentum’s capacity is reportedly sold out, suggesting that valuation and concerns about future demand—not current order visibility—are driving the stock lower. Lumentum Falls as Optics Selloff Hits Hardest

Insider Activity at Lumentum

In other Lumentum news, CEO Michael E. Hurlston sold 548 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $958.66, for a total value of $525,345.68. Following the completion of the sale, the chief executive officer owned 186,951 shares in the company, valued at approximately $179,222,445.66. This represents a 0.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Wajid Ali sold 24,542 shares of the 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 sale, the chief financial officer owned 75,074 shares of the company's stock, valued at $78,715,089. The trade was a 24.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 94,496 shares of company stock worth $85,978,498 in the last 90 days. 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.

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