2,073 Lumentum Holdings Inc. $LITE Shares Sold by Net Worth Advisory Group

Key Points

• Net Worth Advisory Group cut its Lumentum stake by 84.8%, selling 2,073 shares and retaining 372 shares valued at approximately $389,000. Institutional investors and hedge funds collectively own 94.05% of the company.
• Lumentum reported stronger-than-expected quarterly results, with $3.23 in EPS and $1.01 billion in revenue, up 109.3% year over year. Management also issued Q1 2027 EPS guidance of $4.05 to $4.35.
• The stock opened at $822.51, below its 12-month high of $1,143, while analyst sentiment remains generally positive with a “Moderate Buy” consensus and an average price target of $1,080.83; however, recent downgrades and insider selling present countervailing risks.

Net Worth Advisory Group lessened its stake in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 84.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 372 shares of the technology company's stock after selling 2,073 shares during the quarter. Net Worth Advisory Group's holdings in Lumentum were worth $389,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Jupiter Topco LLC acquired a new position in shares of Lumentum in the 2nd quarter valued at $1,621,396,000. WT Asset Management Ltd acquired a new position in Lumentum in the 2nd quarter valued at about $494,688,000. Legal & General Group Plc acquired a new position in shares of Lumentum in the second quarter valued at approximately $376,539,000. Amundi lifted its holdings in Lumentum by 188.7% during the 2nd quarter. Amundi now owns 658,427 shares of the technology company's stock worth $564,970,000 after buying an additional 430,355 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of 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 in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum’s optical and photonic products are benefiting from strong artificial-intelligence infrastructure demand. Management has indicated that capacity is booked through early 2029, supporting the long-term growth case. Lumentum Can’t Meet Demand. Can Its Valuation Hold Up?
• Positive Sentiment: Optics stocks, including Lumentum, recently rallied ahead of upcoming quarterly results, reflecting expectations that AI-related demand and raised guidance could support earnings. Optics Stocks Rally Ahead of Earnings
• Positive Sentiment: A Zacks growth-stock analysis highlights Lumentum’s potential for long-term, market-beating performance, although the article is based primarily on screening factors rather than a new company announcement. Why Lumentum Is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Lumentum is being compared with Arm as a 2026 technology investment, with Lumentum positioned as an AI-infrastructure optical supplier. The comparison offers investment perspective but does not introduce a specific catalyst. Arm vs. Lumentum
• Negative Sentiment: Zacks downgraded Lumentum to Hold, adding near-term selling pressure and signaling that the stock’s valuation and risk-reward profile may be less attractive after its substantial advance. Zacks Downgrades Lumentum Stock to Hold
• Negative Sentiment: Recent analysis points to a valuation-driven AI sell-off: Lumentum declined sharply over several sessions even as demand remained strong, suggesting investors are taking profits and demanding stronger earnings revisions. Why Did Lumentum Stock Fall?
• Negative Sentiment: Investors are questioning whether Lumentum can sustain its elevated valuation while it works to meet demand. The broader AI-stock sell-off is weighing on sentiment despite capacity constraints and higher guidance. The AI Sell-Off Continues

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Lumentum from $1,165.00 to $1,280.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft initiated coverage on Lumentum in a research note on Monday, August 31st. They set a "buy" rating and a $1,200.00 price objective for the company. Weiss Ratings lowered Lumentum from a "hold (c-)" rating to a "sell (d-)" rating in a report on Wednesday, August 19th. Evercore initiated coverage on shares of Lumentum in a research report on Monday, August 31st. They issued an "outperform" rating and a $1,100.00 price objective on the stock. Finally, Zacks Research cut Lumentum from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Sixteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lumentum currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,080.83.

Lumentum Stock Down 1.4%

LITE opened at $822.51 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 12 month low of $152.54 and a 12 month high of $1,143.00. The stock's 50 day moving average price is $931.93 and its 200 day moving average price is $878.96. The stock has a market cap of $74.51 billion, a P/E ratio of -10.00 and a beta of 1.53.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, topping 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. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. Lumentum's revenue was up 109.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, research analysts predict that Lumentum Holdings Inc. will post 19.79 earnings per share for the current year.

Insider Buying and Selling at Lumentum

In related news, CEO Michael E. Hurlston sold 548 shares of Lumentum stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $958.66, for a total transaction of $525,345.68. Following the sale, the chief executive officer directly owned 186,951 shares of the company's stock, valued at $179,222,445.66. This trade represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jae Kim sold 12,000 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $852.58, for a total transaction of $10,230,960.00. Following the sale, the senior vice president owned 37,804 shares of the company's stock, valued at $32,230,934.32. This trade represents a 24.09% 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 94,496 shares of company stock worth $85,978,498 in the last ninety days. Company insiders own 0.28% of the company's stock.

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.

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