2,344 Shares of Lumentum Holdings Inc. $LITE Bought by Geneva Partners LLC

Key Points

• Geneva Partners LLC acquired 2,344 Lumentum shares valued at approximately $2.28 million, while other institutions also increased or initiated positions. Hedge funds and institutional investors collectively own 94.05% of the company.
• Analyst sentiment remains broadly positive: 16 analysts rate Lumentum a Buy, six rate it Hold, and one rates it Sell, producing a consensus “Moderate Buy” rating and an average price target of $1,080.83.
• Lumentum reported quarterly EPS of $3.23 and revenue of $1.01 billion, exceeding estimates, with revenue up 109.3% year over year. However, analysts and investors remain attentive to indium phosphide capacity constraints, scalability risks, and recent insider selling.

Geneva Partners LLC acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,344 shares of the technology company's stock, valued at approximately $2,277,000.

Several other hedge funds have also modified their holdings of LITE. CPR Investments Inc. purchased a new stake in shares of Lumentum during the third quarter valued at approximately $416,000. Westover Capital Advisors LLC bought a new stake in Lumentum during the third quarter valued at $243,000. Apollon Wealth Management LLC lifted its holdings in Lumentum by 93.6% in the third quarter. Apollon Wealth Management LLC now owns 1,688 shares of the technology company's stock worth $1,639,000 after acquiring an additional 816 shares during the last quarter. EULAV Asset Management lifted its holdings in shares of Lumentum by 1,175.4% in the 3rd quarter. EULAV Asset Management now owns 34,436 shares of the technology company's stock worth $33,446,000 after purchasing an additional 31,736 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake in Lumentum by 26.0% in the third quarter. Citizens Financial Group Inc. RI now owns 1,764 shares of the technology company's stock valued at $1,713,000 after buying an additional 364 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Weiss Ratings lowered Lumentum from a "hold (c-)" rating to a "sell (d-)" rating in a report on Wednesday, August 19th. 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. 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 report on Wednesday, August 12th. Zacks Research lowered shares of Lumentum from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 12th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $1,300.00 target price on shares of Lumentum in a report on Monday, October 5th. Sixteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,080.83.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: StoneX initiated coverage with a Buy rating and a $1,200 price target, citing Lumentum’s exposure to “critical scarcity points” in the optical networking supply chain. The call also lifted sentiment across related companies, including Applied Optoelectronics and Coherent. Lumentum Gains 3% as StoneX Starts at Buy With $1,200 Target
• Positive Sentiment: BNP Paribas raised its target for Lumentum to $1,425, adding another bullish analyst signal and reinforcing expectations for substantial upside tied to AI infrastructure spending. BNP Paribas Raises Target for Lumentum Stock to USD 1,425
• Positive Sentiment: Lumentum’s announced AI rack optics demonstration highlighted its efforts to address rapidly growing demand for high-speed data-center connectivity. Investors appear to view the technology as supporting the company’s position in AI-related compute infrastructure. Lumentum Announces AI Rack Optics Demonstration
• Neutral Sentiment: A market-data update reported zero shares sold short as of October 26, implying no measurable short-interest overhang. However, the figure conflicts with the description of a “significant increase” and may reflect a reporting error.
• Negative Sentiment: One analysis cautioned that Lumentum’s growth is constrained by indium phosphide fab capacity. Its longer-term earnings ambitions also depend heavily on scaling optical circuit switching, which may be less defensible than the company’s core laser products. Lumentum: Sold Out Is Not The Same As Scalable

Lumentum Price Performance

NASDAQ LITE opened at $818.10 on Tuesday. The company has a market cap of $74.11 billion, a P/E ratio of -9.95 and a beta of 1.53. The company has a fifty day simple moving average of $923.08 and a 200 day simple moving average of $784.46. Lumentum Holdings Inc. has a 1 year low of $184.20 and a 1 year high of $1,143.00. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.01 billion for 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%. The firm's revenue for the quarter was up 109.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, sell-side analysts predict that Lumentum Holdings Inc. will post 19.79 EPS for the current year.

Insider Activity at Lumentum

In other news, SVP Jae Kim sold 12,000 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total transaction of $10,230,960.00. Following the completion of the transaction, the senior vice president owned 37,804 shares of the company's stock, valued at approximately $32,230,934.32. This represents a 24.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,241,730.00. Following the completion of the transaction, the insider directly owned 100,434 shares of the company's stock, valued at approximately $83,141,273.88. This trade represents a 1.47% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 94,496 shares of company stock worth $85,978,498. Insiders own 0.28% of the company's stock.

Lumentum 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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