3,216 Lumentum Holdings Inc. $LITE Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. cut its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 11.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,213 shares of the technology company’s stock after selling 3,216 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Lumentum were worth $25,313,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Jupiter Topco LLC purchased a new position in shares of Lumentum during the 2nd quarter valued at $1,621,396,000. WT Asset Management Ltd purchased a new stake in Lumentum in the 2nd quarter worth about $494,688,000. Legal & General Group Plc purchased a new stake in Lumentum in the 2nd quarter worth about $376,539,000. Amundi raised its stake in Lumentum by 188.7% in the 2nd quarter. Amundi now owns 658,427 shares of the technology company’s stock valued at $564,970,000 after acquiring an additional 430,355 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Lumentum by 163.2% in the 1st quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock valued at $398,590,000 after acquiring an additional 351,676 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum is reportedly sold out of much of its capacity through 2029, suggesting strong visibility for future revenue as AI data-center operators expand their optical-networking infrastructure. Wedbush views the supply constraints as potentially beneficial to industry economics, although the article also considers implications for GlobalFoundries. Lumentum is sold out through 2029
• Positive Sentiment: BNP Paribas raised its price target for Lumentum to $1,425, signaling confidence that demand for the company’s optical and laser products can support additional upside. BNP Paribas lifts target for Lumentum
• Positive Sentiment: The upcoming earnings report is expected to be closely watched for evidence that AI-driven demand, order visibility and margins remain strong. Lumentum’s latest reported quarter exceeded both earnings and revenue estimates, with revenue more than doubling year over year. Earnings preview for Lumentum
• Neutral Sentiment: A survey of 23 analysts places the average price target at $1,078.75, indicating continued upside potential but also considerable disagreement about how much of Lumentum’s AI growth is already reflected in the stock. Analyst price targets for Lumentum
• Negative Sentiment: Zacks downgraded Lumentum to Hold, adding to near-term pressure and signaling that the stock’s valuation and recent gains may warrant caution. Zacks downgrades Lumentum to Hold
• Negative Sentiment: Optical stocks, including Lumentum, have extended their decline as investors rotate toward defensive sectors. The group-wide selling suggests that market positioning and risk appetite—not only company-specific fundamentals—are weighing on LITE. Optical stocks extend slide
• Negative Sentiment: A risk assessment notes that Lumentum shares remain highly exposed to expectations for AI data-center spending after a substantial one-year increase. The recent pullback reflects concerns that valuation leaves little room for execution disappointments or a slowdown in customer demand. How risky is Lumentum stock?

Lumentum Price Performance

Shares of NASDAQ LITE opened at $824.13 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 fifty-two week low of $152.54 and a fifty-two week high of $1,143.00. The stock has a market cap of $74.65 billion, a PE ratio of -10.02 and a beta of 1.53. The stock has a fifty day moving average of $931.48 and a 200-day moving average of $876.06.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.97 by $0.26. The business had revenue of $1.01 billion during 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 firm’s revenue was up 109.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities research analysts anticipate that Lumentum Holdings Inc. will post 19.79 earnings per share for the current year.

Insider Transactions at Lumentum

In other news, CFO Wajid Ali sold 24,542 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the sale, the chief financial officer directly owned 75,074 shares of the company’s stock, valued at approximately $78,715,089. This represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the transaction, the insider owned 108,320 shares of the company’s stock, valued at $102,362,400. This trade represents a 0.28% 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. Over the last three months, insiders sold 94,496 shares of company stock worth $85,978,498. Insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LITE. Zacks Research downgraded shares of Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. TD Cowen lifted their target price on shares of Lumentum from $800.00 to $820.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. Wolfe Research reissued an “outperform” rating on shares of Lumentum in a research report on Friday, August 21st. Evercore started coverage on shares of Lumentum in a research report on Monday, August 31st. They issued an “outperform” rating and a $1,100.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Sixteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,078.75.

About Lumentum

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.