Glynn Capital Management LLC Trims Stock Holdings in Lumentum Holdings Inc. $LITE

Key Points

• Glynn Capital reduced its Lumentum stake by 16.1% in the third quarter, selling 2,385 shares and retaining 12,449 shares worth approximately $12.1 million. Despite the reduction, Lumentum remains the firm’s 10th-largest holding, while institutional investors collectively own 94.05% of the stock.
• Lumentum reported strong operating momentum: quarterly revenue rose 109.3% year over year to about $1.01 billion, and EPS of $3.23 exceeded the $2.97 consensus estimate. Analysts remain broadly positive, with a consensus “Moderate Buy” rating and several firms raising price targets.
• Valuation and insider activity present risks: the stock was trading near its 52-week high and above the average analyst price target of $1,078.75, while insiders sold 94,496 shares worth approximately $86 million during the last quarter.

Glynn Capital Management LLC reduced its stake in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 16.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,449 shares of the technology company's stock after selling 2,385 shares during the period. Lumentum comprises 3.5% of Glynn Capital Management LLC's investment portfolio, making the stock its 10th largest position. Glynn Capital Management LLC's holdings in Lumentum were worth $12,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Congress Asset Management Co. bought a new stake in Lumentum during the third quarter worth about $69,072,000. Eastern Bank raised its stake in Lumentum by 12,875.5% during the 3rd quarter. Eastern Bank now owns 28,546 shares of the technology company's stock valued at $27,726,000 after buying an additional 28,326 shares during the last quarter. Polaris Financial Partners purchased a new stake in Lumentum during the third quarter valued at $1,407,000. CX Institutional bought a new position in shares of Lumentum in the 3rd quarter worth approximately $548,000. Finally, Versant Capital Management Inc boosted its stake in shares of Lumentum by 60.4% during the 3rd quarter. Versant Capital Management Inc now owns 170 shares of the technology company's stock worth $165,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 94.05% of the company's stock.

Lumentum Price Performance

Shares of LITE opened at $1,133.40 on Wednesday. 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 capitalization of $101.67 billion, a PE ratio of -13.79 and a beta of 1.53. The company has a 50 day moving average price of $898.61 and a 200-day moving average price of $863.51. Lumentum Holdings Inc. has a fifty-two week low of $147.81 and a fifty-two week high of $1,137.20.

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 the consensus estimate of $2.97 by $0.26. The firm had revenue of $1.01 billion during 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 business's revenue for the quarter was up 109.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities analysts predict that Lumentum Holdings Inc. will post 19.78 earnings per share for the current fiscal year.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analysts remain bullish: Rosenblatt reaffirmed a Buy rating with a $1,300 price target, while Stifel raised its target to $1,232 from $1,100 and maintained a Buy rating. These targets imply additional upside and reinforce optimism surrounding Lumentum’s growth outlook. Lumentum Given Buy Rating at Rosenblatt Securities
• Positive Sentiment: Strong operating momentum: Lumentum recently reported quarterly revenue of approximately $1.01 billion, up 109.3% year over year, and earnings above analyst expectations. Its fiscal first-quarter 2027 EPS guidance of $4.05 to $4.35 further supports the bullish narrative. Lumentum Stock Draws Higher Targets After Revenue Doubles
• Positive Sentiment: Institutional demand is substantial: JPMorgan, Invesco, BlackRock and other large investors increased their Lumentum holdings in the latest reporting period, signaling continued institutional interest in the optical-components and AI infrastructure story.
• Neutral Sentiment: Upcoming earnings are a near-term catalyst: Lumentum has announced the reporting date for its fiscal first-quarter 2027 results. Investors will look for evidence that AI-driven demand and recent revenue growth are sustainable. Lumentum Announces Reporting Date for Fiscal First Quarter 2027 Results
• Neutral Sentiment: Technical momentum is strong: The stock has reached new highs and cleared a reported buy point, although commentary also identifies resistance levels that could lead to volatility if the rally pauses. Lumentum Hits Buy Point and New High
• Negative Sentiment: Insider selling remains a risk signal: Company insiders reported 77 open-market sales and no purchases over the past six months, including sales by senior executives. Additionally, the estimated 2026 CEO compensation declined sharply, though the compensation figure itself is not a direct earnings impact.
• Negative Sentiment: Valuation expectations are demanding: The reported median analyst price target of $1,040 is below the current trading level, suggesting some analysts see limited near-term upside after the stock’s substantial rally.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TD Cowen boosted their price objective on Lumentum from $800.00 to $820.00 and gave the company a "hold" rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft began coverage on Lumentum in a report on Monday, August 31st. They issued a "buy" rating and a $1,200.00 target price on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $1,300.00 price target on shares of Lumentum in a research note on Monday. Weiss Ratings downgraded Lumentum from a "hold (c-)" rating to a "sell (d-)" rating in a research report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. raised 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lumentum has a consensus rating of "Moderate Buy" and an average price target of $1,078.75.

Insider Buying and Selling at Lumentum

In other news, insider Yuen Wupen sold 307 shares of the firm's stock in a transaction that occurred 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 sale, the insider owned 108,320 shares of the company's stock, valued at $102,362,400. This trade represents a 0.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of Lumentum stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total transaction 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 position. 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 valued at $85,978,498. Company insiders own 0.43% of the company's stock.

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.

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