TD Waterhouse Canada Inc. Sells 3,216 Shares of Lumentum Holdings Inc. $LITE

TD Waterhouse Canada Inc. decreased its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 11.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 quarter.

Several other large investors have also added to or reduced their stakes in LITE. Jupiter Topco LLC purchased a new stake in Lumentum in the 2nd quarter valued at $1,621,396,000. WT Asset Management Ltd bought a new position in Lumentum during the 2nd quarter valued at $494,688,000. Legal & General Group Plc purchased a new position in Lumentum during the 2nd quarter worth $376,539,000. Amundi boosted its holdings in Lumentum by 188.7% during the 2nd quarter. Amundi now owns 658,427 shares of the technology company’s stock worth $564,970,000 after acquiring an additional 430,355 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Lumentum by 163.2% during the 1st quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock worth $398,590,000 after acquiring an additional 351,676 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Key Lumentum News

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 Stock Down 5.2%

LITE stock opened at $824.13 on Friday. The stock’s fifty day simple moving average is $931.48 and its two-hundred day simple moving average is $876.06. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 1-year low of $152.54 and a 1-year high of $1,143.00. The stock has a market cap of $74.65 billion, a P/E ratio of -10.02 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data 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. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. During the same quarter in the prior year, the company earned $0.88 EPS. The business’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. Analysts expect that Lumentum Holdings Inc. will post 19.79 EPS for the current year.

Insider Activity at Lumentum

In related news, insider Yuen Wupen sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $827.82, for a total transaction of $1,241,730.00. Following the completion of the sale, the insider owned 100,434 shares in the company, valued at approximately $83,141,273.88. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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. Also, SVP Jae Kim sold 12,000 shares of Lumentum stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $852.58, for a total transaction of $10,230,960.00. Following the completion of the sale, the senior vice president directly owned 37,804 shares in the company, valued at approximately $32,230,934.32. This represents a 24.09% decrease in their position. 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. 0.28% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LITE has been the subject of several analyst reports. Evercore began coverage on shares of Lumentum in a report on Monday, August 31st. They issued an “outperform” rating and a $1,100.00 target price for the company. Weiss Ratings lowered shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. UBS Group set a $820.00 price target on shares of Lumentum in a report on Wednesday, August 12th. Stifel Nicolaus upped their price objective on shares of Lumentum from $1,100.00 to $1,232.00 and gave the stock a “buy” rating in a research report on Monday, October 5th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Lumentum in a research report on Friday, August 21st. Sixteen equities research 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. Based on data from MarketBeat, the company currently 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.