Lumentum Holdings Inc. $LITE Stock: Curated Wealth Partners LLC Cuts Holdings

Key Points

• Curated Wealth Partners slashed its Lumentum stake by 99.4% in the third quarter, selling 65,405 shares and retaining just 404 shares. Despite this reduction, institutional investors and hedge funds collectively own 94.05% of the company.
• Analyst sentiment remains broadly positive, with 16 Buy, six Hold and one Sell rating; Lumentum has a consensus “Moderate Buy” rating and an average price target of $1,078.75.
• Lumentum’s latest quarter exceeded expectations, with EPS of $3.23 and revenue of $1.01 billion, up 109.3% year over year. However, the stock fell 5.2% amid valuation concerns, broader weakness in optical stocks and sensitivity to AI data-center spending.

Curated Wealth Partners LLC decreased its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 99.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 404 shares of the technology company's stock after selling 65,405 shares during the quarter. Curated Wealth Partners LLC's holdings in Lumentum were worth $392,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LITE. Jupiter Topco LLC acquired a new stake in shares of Lumentum during the second quarter worth about $1,621,396,000. Amundi increased its holdings in Lumentum by 188.7% in 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 acquired a new position in Lumentum in the 2nd quarter worth approximately $494,688,000. Janus Henderson Group PLC raised its position in Lumentum by 163.2% during the 1st quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company's stock worth $398,590,000 after buying an additional 351,676 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in Lumentum during the 2nd quarter worth approximately $376,539,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Lumentum from $1,100.00 to $1,232.00 and gave the company a "buy" rating in a research note on Monday, October 5th. Needham & Company LLC reiterated a "buy" rating and issued a $1,040.00 price objective on shares of Lumentum in a research note on Wednesday, August 12th. Sanford C. Bernstein began coverage on shares of Lumentum in a research note on Wednesday, September 30th. They issued an "outperform" rating and a $1,220.00 price objective on the stock. Morgan Stanley raised their target price on shares of Lumentum from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 12th. Finally, Mizuho boosted their target price on shares of Lumentum from $1,100.00 to $1,140.00 and gave the company an "outperform" rating in a research report on Wednesday, August 12th. Sixteen equities research 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's stock. According to MarketBeat, Lumentum currently has a consensus rating of "Moderate Buy" and an average price target of $1,078.75.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum is reportedly sold out of much of its capacity through 2029, suggesting strong visibility for future revenue as AI data-center operators expand their optical-networking infrastructure. Wedbush views the supply constraints as potentially beneficial to industry economics, although the article also considers implications for GlobalFoundries. Lumentum is sold out through 2029
• Positive Sentiment: BNP Paribas raised its price target for Lumentum to $1,425, signaling confidence that demand for the company’s optical and laser products can support additional upside. BNP Paribas lifts target for Lumentum
• Positive Sentiment: The upcoming earnings report is expected to be closely watched for evidence that AI-driven demand, order visibility and margins remain strong. Lumentum’s latest reported quarter exceeded both earnings and revenue estimates, with revenue more than doubling year over year. Earnings preview for Lumentum
• Neutral Sentiment: A survey of 23 analysts places the average price target at $1,078.75, indicating continued upside potential but also considerable disagreement about how much of Lumentum’s AI growth is already reflected in the stock. Analyst price targets for Lumentum
• Negative Sentiment: Zacks downgraded Lumentum to Hold, adding to near-term pressure and signaling that the stock’s valuation and recent gains may warrant caution. Zacks downgrades Lumentum to Hold
• Negative Sentiment: Optical stocks, including Lumentum, have extended their decline as investors rotate toward defensive sectors. The group-wide selling suggests that market positioning and risk appetite—not only company-specific fundamentals—are weighing on LITE. Optical stocks extend slide
• Negative Sentiment: A risk assessment notes that Lumentum shares remain highly exposed to expectations for AI data-center spending after a substantial one-year increase. The recent pullback reflects concerns that valuation leaves little room for execution disappointments or a slowdown in customer demand. How risky is Lumentum stock?

Lumentum Trading Down 5.2%

Lumentum stock opened at $824.13 on Friday. The firm has a market cap of $74.65 billion, a PE ratio of -10.02 and a beta of 1.53. 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 simple moving average is $931.48 and its two-hundred day simple moving average is $876.06. 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 earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $987.70 million. During the same period in the previous year, the firm earned $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 year.

Insiders Place Their Bets

In other news, CEO Michael E. Hurlston sold 548 shares of the firm's 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 in the company, valued at $179,222,445.66. This trade represents a 0.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jae Kim sold 12,000 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total value of $10,230,960.00. Following the sale, the senior vice president owned 37,804 shares in the company, valued at $32,230,934.32. This trade represents a 24.09% decrease in their ownership of the stock. 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 90 days, insiders have sold 94,496 shares of company stock valued at $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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