Lumentum Holdings Inc. $LITE Shares Newly Bought by Polaris Financial Partners

Polaris Financial Partners acquired a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 1,470 shares of the technology company’s stock, valued at approximately $1,407,000. Lumentum accounts for about 0.7% of Polaris Financial Partners’ investment portfolio, making the stock its 26th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CX Institutional purchased a new position in Lumentum during the 3rd quarter worth approximately $548,000. Versant Capital Management Inc boosted its holdings in shares of Lumentum by 60.4% in the 3rd quarter. Versant Capital Management Inc now owns 170 shares of the technology company’s stock valued at $165,000 after acquiring an additional 64 shares during the last quarter. Burkett Financial Services LLC acquired a new stake in shares of Lumentum in the third quarter worth $28,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Lumentum in the second quarter worth $337,000. Finally, Andra AP fonden purchased a new position in shares of Lumentum during the second quarter worth $17,504,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Buying and Selling

In related news, 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 value of $290,115.00. Following the completion of the sale, the insider owned 108,320 shares of the company’s stock, valued at approximately $102,362,400. The trade was a 0.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of the company’s stock in a transaction 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 transaction, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 94,496 shares of company stock valued at $85,978,498 over the last 90 days. Company insiders own 0.43% of the company’s stock.

Lumentum Price Performance

Shares of NASDAQ:LITE traded up $39.64 during trading on Friday, reaching $1,085.42. 4,668,360 shares of the company’s stock traded hands, compared to its average volume of 5,528,230. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a fifty-two week low of $147.81 and a fifty-two week high of $1,091.61. The company has a 50-day simple moving average of $874.94 and a 200-day simple moving average of $854.11. The firm has a market cap of $97.36 billion, a PE ratio of -13.20 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The company 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%.Lumentum’s quarterly revenue was up 109.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, analysts predict that Lumentum Holdings Inc. will post 19.78 earnings per share for the current year.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Sanford C. Bernstein initiated coverage with an “outperform” rating and a $1,220 price target, citing Lumentum’s exposure to high-growth optical networking and AI infrastructure. Bernstein initiates coverage
• Positive Sentiment: Investors are also focusing on reports of NVIDIA’s approximately $2 billion commitment to expand Lumentum’s capacity and support joint development of data-center optics. The arrangement could improve revenue visibility as AI clusters require faster optical connections. NVIDIA AI infrastructure article
• Positive Sentiment: Market coverage has identified Lumentum as a potential “structural winner” from the shift toward optical networking in AI data centers. The company’s photonics products may benefit from rising data traffic, inference workloads and demand for high-speed connectivity. AI structural winners article
• Positive Sentiment: A Zacks analysis describes Lumentum as a strong growth stock, supporting the broader momentum narrative. Its latest reported quarter also showed revenue up 109.3% year over year, with EPS exceeding analyst expectations and fiscal first-quarter 2027 guidance of $4.05 to $4.35. Zacks growth stock analysis
• Neutral Sentiment: Seeking Alpha characterized LITE as a speculative buy, forecasting substantial future EPS growth but warning that the current valuation requires sustained revenue growth, margin expansion and strong execution. Lumentum AI network analysis
• Negative Sentiment: CFO Wajid Ali sold 24,542 shares worth approximately $25.7 million, reducing his direct stake by 24.64%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal. Other insider sales by Yuen Wupen were considerably smaller relative to his remaining holdings. Lumentum CFO SEC filing

Analyst Ratings Changes

A number of research analysts recently issued reports on LITE shares. Citigroup boosted their target price on shares of Lumentum from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a research report on Monday. Raymond James Financial reiterated an “outperform” rating and set a $1,036.00 price objective on shares of Lumentum in a research note on Wednesday, August 12th. Morgan Stanley boosted their price objective on Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. Weiss Ratings downgraded Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $1,300.00 target price on shares of Lumentum in a report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,073.25.

Lumentum Company Profile

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.