1,229 Lumentum Holdings Inc. $LITE Shares Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC increased its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 140.3% in the 3rd quarter, Holdings Channel reports. The firm owned 2,105 shares of the technology company’s stock after buying an additional 1,229 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Lumentum were worth $2,207,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. GK Wealth Management LLC grew its stake in Lumentum by 10.5% during the 3rd quarter. GK Wealth Management LLC now owns 716 shares of the technology company’s stock worth $695,000 after buying an additional 68 shares during the last quarter. Riversedge Advisors LLC increased its position in Lumentum by 14.7% during the third 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 increased its position in Lumentum by 93.3% during the third 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 during the period. GAMMA Investing LLC increased its position in Lumentum by 8.9% during the third 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 during the period. Finally, Farther Finance Advisors LLC lifted its stake in Lumentum by 5.4% in the third quarter. Farther Finance Advisors LLC now owns 3,296 shares of the technology company’s stock valued at $3,202,000 after buying an additional 169 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lumentum

In related news, CFO Wajid Ali sold 24,542 shares of the 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 ownership of the stock. The sale 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 Lumentum stock in a transaction 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 completion of the transaction, the insider owned 108,320 shares in the company, valued at approximately $102,362,400. This trade represents a 0.28% 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 have sold 94,496 shares of company stock valued at $85,978,498 in the last 90 days. Company insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased 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. Evercore began coverage on shares of Lumentum in a research report on Monday, August 31st. They set an “outperform” rating and a $1,100.00 target price on the stock. Sanford C. Bernstein started coverage on shares of Lumentum in a report on Wednesday, September 30th. They issued an “outperform” rating and a $1,220.00 target price on the stock. Zacks Research cut shares of Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Citigroup upped their price target 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, September 28th. Sixteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,078.75.

Lumentum Stock Down 9.3%

Lumentum stock opened at $896.33 on Thursday. Lumentum Holdings Inc. has a twelve month low of $152.54 and a twelve month high of $1,143.00. The stock has a 50 day moving average of $932.17 and a two-hundred day moving average of $875.26. 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 stock has a market capitalization of $81.19 billion, a price-to-earnings ratio of -10.90 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.26. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. The company’s revenue was up 109.3% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, research analysts expect that Lumentum Holdings Inc. will post 19.79 earnings per share for the current year.

Key Lumentum News

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.