61,938 Shares in Lumentum Holdings Inc. $LITE Bought by Artemis Investment Management LLP

Artemis Investment Management LLP acquired a new position in Lumentum Holdings Inc. (NASDAQ:LITE) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 61,938 shares of the technology company’s stock, valued at approximately $60,158,000. Artemis Investment Management LLP owned approximately 0.07% of Lumentum at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Burkett Financial Services LLC acquired a new stake in shares of Lumentum in the 3rd quarter valued at about $28,000. Hilton Head Capital Partners LLC bought a new stake in Lumentum in the first quarter valued at about $25,000. Sachetta LLC raised its stake 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 in the last quarter. Meeder Asset Management Inc. acquired a new stake in Lumentum during the second quarter valued at approximately $40,000. Finally, Keating Financial Advisory Services Inc. bought a new position in Lumentum during the 2nd quarter worth approximately $41,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lumentum

In related news, CFO Wajid Ali sold 24,542 shares of the firm’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 completion of the sale, the chief financial officer directly owned 75,074 shares of the company’s stock, valued at $78,715,089. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 dated Tuesday, September 29th. The stock was sold at an average price of $945.00, for a total transaction of $290,115.00. Following the completion of the transaction, the insider directly owned 108,320 shares of the company’s stock, valued at approximately $102,362,400. This represents a 0.28% 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. Insiders sold a total of 94,496 shares of company stock worth $85,978,498 in the last three months. Insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

LITE has been the topic of a number of recent research reports. Wolfe Research reissued an “outperform” rating on shares of Lumentum in a report on Friday, August 21st. Sanford C. Bernstein assumed coverage on Lumentum in a report on Wednesday, September 30th. They issued an “outperform” rating and a $1,220.00 price target on the stock. Bank of America lowered their price objective on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 target price on shares of Lumentum in a research report on Monday. Finally, JPMorgan Chase & Co. raised their target price on Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,078.75.

Lumentum Stock Down 5.6%

Shares of LITE traded down $62.13 during trading hours on Thursday, reaching $1,048.94. The company’s stock had a trading volume of 2,801,720 shares, compared to its average volume of 5,481,003. The company has a 50 day moving average of $908.79 and a two-hundred day moving average of $865.90. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The firm has a market cap of $94.09 billion, a price-to-earnings ratio of -12.75 and a beta of 1.53. Lumentum Holdings Inc. has a 1-year low of $147.81 and a 1-year high of $1,137.20.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 negative net margin of 230.15% and a positive return on equity of 26.34%. The company’s revenue was up 109.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, research analysts predict that Lumentum Holdings Inc. will post 19.78 EPS for the current fiscal year.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI data-center demand remains the central bullish catalyst. Articles point to accelerating adoption of optical networking as data-center operators shift from copper connections, potentially supporting strong growth for Lumentum, Coherent, and Applied Optoelectronics. Why Light Is the New AI Bottleneck—And 3 Photonics Stocks to Play It
• Positive Sentiment: Investors are highlighting a potentially substantial opportunity from Nvidia’s faster-than-expected transition toward optical interconnects. One report estimates that the shift could represent as much as a $3.3 billion payoff for Lumentum if expected shipments materialize. Lumentum could see a $3.3 billion payoff
• Positive Sentiment: A recent analyst upgrade and favorable commentary have helped reinforce the long-term AI infrastructure narrative. Lumentum’s latest reported quarter also showed strong momentum, with revenue up 109.3% year over year and earnings exceeding consensus estimates.
• Neutral Sentiment: Valuation is now a key debate. After an approximately 25-fold three-year gain, one analysis argues the shares could still be undervalued by 36%, while other published targets cluster near the current trading range. That creates both support for the stock and a high bar for future results. Lumentum Stock May Be 36% Undervalued After AI Demand News
• Negative Sentiment: Profit-taking is weighing on the entire optics group after its extraordinary gains, with the biggest recent winners facing the heaviest selling. This broad sector retreat is the most immediate explanation for LITE’s decline. Optics Stocks Tumble as Profit Taking Cuts Into Big Yearly Gains
• Negative Sentiment: Reported insider activity is a further cautionary signal: the cited six-month data show numerous insider sales and no open-market purchases. These transactions may reflect diversification, but they can reinforce concerns after the stock’s steep appreciation.

Lumentum 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.