N10 Assets LLC Acquires Shares of 6,814 Lumentum Holdings Inc. $LITE

N10 Assets LLC acquired a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,814 shares of the technology company’s stock, valued at approximately $5,847,000. Lumentum accounts for about 2.5% of N10 Assets LLC’s portfolio, making the stock its 17th largest holding.

Several other hedge funds have also modified their holdings of the company. Hilton Head Capital Partners LLC purchased a new position in shares of Lumentum in the 1st quarter valued at about $25,000. Sachetta LLC boosted its position in Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after purchasing an additional 19 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Lumentum in the second quarter valued at approximately $40,000. Keating Financial Advisory Services Inc. acquired a new stake in Lumentum in the second quarter valued at approximately $41,000. Finally, Fiduciary Financial Advisors purchased a new stake in shares of Lumentum in the second quarter valued at approximately $42,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lumentum

In other Lumentum news, SVP Jae Kim sold 12,000 shares of the 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 completion of the sale, the senior vice president owned 37,804 shares in the company, valued at approximately $32,230,934.32. This represents a 24.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $827.82, for a total transaction of $1,241,730.00. Following the completion of the transaction, the insider directly owned 100,434 shares in the company, valued at $83,141,273.88. This trade represents a 1.47% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 64,015 shares of company stock valued at $54,923,404. Corporate insiders own 0.43% of the company’s stock.

Lumentum Stock Up 1.8%

Shares of LITE opened at $956.14 on Friday. 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 $125.00 and a one year high of $1,085.68. The stock has a market capitalization of $85.77 billion, a price-to-earnings ratio of -11.63 and a beta of 1.50. The stock has a 50 day moving average price of $810.93 and a 200 day moving average price of $804.45.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $987.70 million. During the same quarter last year, the firm posted $0.88 EPS. The firm’s revenue for the quarter was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities research analysts forecast that Lumentum Holdings Inc. will post 19.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LITE has been the subject of several research analyst reports. UBS Group set a $820.00 target price on Lumentum in a research note on Wednesday, August 12th. Citigroup reissued a “buy” rating on shares of Lumentum in a report on Wednesday, August 12th. B. Riley Financial restated a “buy” rating on shares of Lumentum in a research report on Friday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $1,040.00 price objective on shares of Lumentum in a report on Wednesday, August 12th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Lumentum in a research report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average target price of $1,044.67.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI-optics enthusiasm remains the primary catalyst. Investors are buying Lumentum as demand grows for optical connectivity products used in AI data-center networks. Lumentum has recently outperformed some peer optoelectronics companies, reinforcing its status as a preferred AI infrastructure play. Lumentum Climbs 4% as the AI Optics Trade Extends a Second Session
• Positive Sentiment: Trading data pointed to strong buying pressure. A reported “Power Inflow” alert, based on institutional and retail order-flow activity, provided an additional technical signal supporting the recent advance. Lumentum Shares Rise Over 4% After Key Trading Signal
• Positive Sentiment: Fundamentals and analyst sentiment remain supportive. Lumentum’s latest quarterly results exceeded expectations, with revenue more than doubling year over year, and its next-quarter EPS guidance is strong. Analysts maintain a broadly favorable view, including recent price-target increases and a consensus “Moderate Buy” rating.
• Neutral Sentiment: Management commentary is being monitored. Lumentum presented at the Deutsche Bank 2026 Technology Conference, giving investors an opportunity to assess its outlook for AI-related optical products, capacity expansion and execution. The supplied transcript entry does not identify a specific new forecast or announcement. Lumentum Deutsche Bank Technology Conference Transcript
• Negative Sentiment: Insider selling creates a modest overhang. Yuen Wupen sold 500 shares on both August 24 and August 26, but each transaction represented only about 0.54% of the insider’s holdings and was executed under a pre-arranged Rule 10b5-1 plan. The sales therefore appear less significant than discretionary selling. SEC Insider Trading Filing
• Negative Sentiment: Competition and valuation remain risks. Cisco and NVIDIA are developing competing AI-connectivity solutions, potentially pressuring Lumentum’s pricing and margins. The stock’s sharp run also increases sensitivity to execution issues or disappointing growth.

Lumentum Company Profile

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.