Axxcess Wealth Management LLC Sells 7,583 Shares of Lumentum Holdings Inc. $LITE

Key Points

• Axxcess Wealth Management cut its Lumentum stake by 94.9% in the third quarter, selling 7,583 shares and retaining 409 shares valued at approximately $397,000.
• Institutional ownership remains high at 94.05%, with several major investors establishing or significantly increasing positions in Lumentum.
• Analyst sentiment is generally favorable, with 16 Buy ratings and a consensus “Moderate Buy” rating, though capacity constraints and questions about scaling optical circuit switching remain key risks.

Axxcess Wealth Management LLC cut its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 94.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 409 shares of the technology company's stock after selling 7,583 shares during the period. Axxcess Wealth Management LLC's holdings in Lumentum were worth $397,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LITE. Jupiter Topco LLC acquired a new position in Lumentum in the second quarter valued at about $1,621,396,000. Amundi grew its position in shares of 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 during the period. WT Asset Management Ltd bought a new stake in shares of Lumentum in the 2nd quarter valued at about $494,688,000. Janus Henderson Group PLC increased its stake in shares of Lumentum by 163.2% in the 1st 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 bought a new stake in shares of Lumentum in the 2nd quarter valued at about $376,539,000. Institutional investors own 94.05% of the company's stock.

More Lumentum News

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LITE. Morgan Stanley increased their price target on shares of Lumentum from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 12th. Wolfe Research restated an "outperform" rating on shares of Lumentum in a report on Friday, August 21st. Zacks Research cut shares of Lumentum from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Weiss Ratings downgraded shares of Lumentum from a "hold (c-)" rating to a "sell (d-)" rating in a research note on Wednesday, August 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of Lumentum from $1,165.00 to $1,280.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Sixteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,080.83.

Lumentum Price Performance

NASDAQ LITE opened at $818.10 on Tuesday. The business has a 50 day simple moving average of $923.08 and a 200 day simple moving average of $784.46. Lumentum Holdings Inc. has a 52-week low of $184.20 and a 52-week high of $1,143.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. The stock has a market cap of $74.11 billion, a price-to-earnings ratio of -9.95 and a beta of 1.53.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS 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 for the quarter, compared to the consensus estimate of $987.70 million. During the same period last year, the company posted $0.88 EPS. The business'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. Analysts anticipate that Lumentum Holdings Inc. will post 19.79 earnings per share for the current fiscal year.

Insider Buying and Selling at Lumentum

In related news, CFO Wajid Ali sold 24,542 shares of the business's stock in a transaction 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 sale, the chief financial officer directly owned 75,074 shares of the company's stock, valued at approximately $78,715,089. The trade was a 24.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 completion of the sale, the insider directly owned 108,320 shares in the company, valued at $102,362,400. This represents a 0.28% decrease in their ownership of the stock. 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 valued at $85,978,498 in the last three months. 0.28% of the stock is owned by insiders.

About Lumentum

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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