NorthCrest Asset Manangement LLC Acquires 1,229 Shares of Lumentum Holdings Inc. $LITE

Key Points

• Institutional ownership increased: NorthCrest Asset Management raised its Lumentum stake by 140.3% to 2,105 shares, while other funds also added positions. Institutional investors collectively own 94.05% of the company.
• Analyst sentiment remains mostly positive: Sixteen analysts rate Lumentum a Buy, compared with six Holds and one Sell, producing a “Moderate Buy” consensus and an average price target of $1,078.75. However, Zacks downgraded the stock to Hold and Weiss Ratings issued a Sell rating.
• Shares faced pressure despite strong results: Lumentum was trading down 9.3%, even after reporting quarterly EPS of $3.23 versus the $2.97 consensus and 109.3% year-over-year revenue growth. Insiders sold 94,496 shares worth approximately $86 million over the past three months.

NorthCrest Asset Manangement LLC lifted its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 140.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,105 shares of the technology company's stock after purchasing an additional 1,229 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Lumentum were worth $2,207,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GK Wealth Management LLC grew its holdings in shares of Lumentum by 10.5% in the third quarter. GK Wealth Management LLC now owns 716 shares of the technology company's stock valued at $695,000 after purchasing an additional 68 shares in the last quarter. Riversedge Advisors LLC increased its stake in Lumentum by 14.7% during the 3rd quarter. Riversedge Advisors LLC now owns 327 shares of the technology company's stock worth $318,000 after buying an additional 42 shares during the period. Wedmont Private Capital lifted its holdings in Lumentum by 93.3% during the 3rd quarter. Wedmont Private Capital now owns 3,065 shares of the technology company's stock worth $3,214,000 after buying an additional 1,479 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Lumentum by 8.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,623 shares of the technology company's stock worth $3,519,000 after buying an additional 295 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Lumentum by 5.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,296 shares of the technology company's stock worth $3,202,000 after buying an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Insider Buying and Selling

In other Lumentum 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 approximately $102,362,400. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 the business's stock in a transaction that occurred on Thursday, October 1st. The stock was 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 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 three months, insiders have sold 94,496 shares of company stock worth $85,978,498. 0.28% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on LITE. Weiss Ratings cut shares of Lumentum from a "hold (c-)" rating to a "sell (d-)" rating in a research report on Wednesday, August 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $1,040.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. Mizuho upped their price objective on Lumentum from $1,100.00 to $1,140.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. Citigroup increased their price objective on Lumentum from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research note on Monday, September 28th. Finally, Zacks Research lowered Lumentum from a "strong-buy" rating to a "hold" rating in a report on Monday. Sixteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,078.75.

Lumentum Trading Down 9.3%

LITE opened at $896.33 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. Lumentum Holdings Inc. has a one year low of $152.54 and a one year high of $1,143.00. The company has a market cap of $81.19 billion, a P/E ratio of -10.90 and a beta of 1.53. The business's 50-day simple moving average is $932.17 and its 200-day simple moving average is $875.26.

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, topping the consensus estimate of $2.97 by $0.26. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations 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 was up 109.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, equities research analysts expect that Lumentum Holdings Inc. will post 19.79 EPS for the current fiscal year.

Lumentum News Summary

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 AI-related growth prospects. Stifel raised target for Lumentum stock
• Positive Sentiment: Recent commentary highlights Lumentum’s substantial backlog, demand that is exceeding supply, and optical-component commitments extending through 2029. These trends support expectations for sustained AI data-center revenue growth. Lumentum long-term AI optics commitments
• Positive Sentiment: Lumentum, Astera Labs and Corning demonstrated PCIe-over-optics technology for AI rack-scale systems at the OCP Global Summit, reinforcing the company’s strategic role in next-generation data-center connectivity. PCIe-over-optics demonstration
• Positive Sentiment: Analysts and investment commentators remain constructive on LITE’s long-term outlook, citing rising free cash flow, approximately $1.1 billion in net cash, and potential fiscal 2027 revenue growth of about 70%. Lumentum free cash flow outlook
• Neutral Sentiment: Coverage describing Lumentum as a leading photonics supplier and a major AI-infrastructure beneficiary may support investor interest, but much of the optimism appears reflected in the stock’s substantial prior gains. Lumentum photonics overview
• Negative Sentiment: Optical-networking stocks, including Lumentum, Coherent and Applied Optoelectronics, are under pressure amid concerns that AI infrastructure projects may face funding constraints or slower spending growth. AI funding fears hit optical stocks
• Negative Sentiment: Zacks Research downgraded Lumentum from “strong buy” to “hold,” while other reports warn that the stock’s sharp 2026 advance and elevated valuation leave it vulnerable to profit-taking. Zacks Lumentum momentum analysis

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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