Lumentum Holdings Inc. $LITE Stock Purchased by N10 Assets LLC

Key Points

• N10 Assets increased its Lumentum stake by 26.3% in the third quarter to 8,608 shares valued at approximately $8.36 million. Institutional investors collectively own 94.05% of the company.
• Analysts remain broadly positive, with 16 Buy, six Hold, and one Sell rating; the stock has a “Moderate Buy” consensus and an average price target of $1,078.75.
• Lumentum reported quarterly revenue of $1.01 billion and EPS of $3.23, exceeding estimates, while revenue surged 109.3% year over year. However, the stock recently traded down to $905.86, and insiders have sold nearly $86 million of shares over the past 90 days.

N10 Assets LLC boosted its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 26.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,608 shares of the technology company's stock after purchasing an additional 1,794 shares during the period. Lumentum comprises 3.1% of N10 Assets LLC's portfolio, making the stock its 16th largest holding. N10 Assets LLC's holdings in Lumentum were worth $8,361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC purchased a new position in shares of Lumentum in the first quarter worth approximately $25,000. Sachetta LLC increased its holdings in Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company's stock valued at $25,000 after buying an additional 19 shares during the last quarter. Burkett Financial Services LLC purchased a new stake in Lumentum during the third quarter valued at approximately $28,000. Meeder Asset Management Inc. bought a new position in Lumentum in the second quarter worth approximately $40,000. Finally, Keating Financial Advisory Services Inc. bought a new position in Lumentum in the second quarter worth approximately $41,000. Institutional investors own 94.05% of the company's stock.

Analysts Set New Price Targets

LITE has been the subject of several recent research reports. Rosenblatt Securities reissued a "buy" rating and set a $1,300.00 price target on shares of Lumentum in a report on Monday, October 5th. UBS Group set a $820.00 price objective on Lumentum in a research note on Wednesday, August 12th. TD Cowen raised their price objective on Lumentum from $800.00 to $820.00 and gave the stock a "hold" rating in a research note on Wednesday, August 12th. Evercore initiated coverage on Lumentum in a research report on Monday, August 31st. They set an "outperform" rating and a $1,100.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft started 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. Sixteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,078.75.

Lumentum Price Performance

Lumentum stock traded down $82.13 during mid-day trading on Wednesday, hitting $905.86. The stock had a trading volume of 3,199,061 shares, compared to its average volume of 5,477,539. Lumentum Holdings Inc. has a one year low of $152.54 and a one 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. The firm has a market capitalization of $82.05 billion, a P/E ratio of -11.04 and a beta of 1.53. The firm's 50 day moving average is $930.77 and its 200 day moving average is $873.79.

Lumentum (NASDAQ:LITE - Get Free Report) last issued its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.26. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same quarter last year, the company earned $0.88 EPS. The firm'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. On average, sell-side analysts forecast that Lumentum Holdings Inc. will post 19.79 earnings per share for the current fiscal year.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Stifel raised its price target for Lumentum from $1,100 to $1,232, signaling continued confidence in the company’s growth prospects. Stifel raised target for Lumentum stock
• Positive Sentiment: Lumentum’s order book is reportedly booked through early 2029, with demand exceeding available supply. This backlog supports revenue visibility and reinforces the company’s exposure to AI data-center buildouts. Lumentum's Massive Backlog and Demand Justify Buying at Today's Price
• Positive Sentiment: Recent commentary highlights potential for strong fiscal 2027 growth, improving free cash flow and a net cash position of approximately $1.1 billion. Lumentum also participated in a PCIe-over-optics demonstration for AI rack-scale systems. Lumentum: The Free Cash Flow Inflection
• Neutral Sentiment: Analyst views are mixed: Zacks Research downgraded Lumentum from “strong buy” to “hold,” while other coverage continues to describe the stock as a momentum or AI investment candidate.
• Negative Sentiment: Optical-networking stocks are experiencing a broad selloff after substantial year-to-date gains. Investors are taking profits and questioning whether AI infrastructure spending can remain durable enough to support current valuations. AI Funding Fears Hit Optical Networking Trade
• Negative Sentiment: Lumentum’s premium valuation makes the stock vulnerable to multiple compression if investors become less confident in long-term AI demand, even though product commitments and backlog remain strong. Lumentum Is Down After Long-Term AI Optics Commitments Raise Demand Questions

Insider Buying and Selling

In related news, CFO Wajid Ali sold 24,542 shares of the company's 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 sale, the chief financial officer owned 75,074 shares of the company's stock, valued at $78,715,089. This represents a 24.64% decrease in their ownership of the stock. The transaction 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, insider Yuen Wupen sold 307 shares of the business's stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $945.00, for a total value of $290,115.00. Following the sale, the insider directly owned 108,320 shares in the company, valued at $102,362,400. The trade was 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. In the last ninety days, insiders sold 94,496 shares of company stock worth $85,978,498. Corporate insiders own 0.28% 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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