694 Lumentum Holdings Inc. $LITE Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC grew its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,678 shares of the technology company’s stock after purchasing an additional 694 shares during the quarter. Yousif Capital Management LLC’s holdings in Lumentum were worth $7,457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Red Spruce Capital LLC raised its position in shares of Lumentum by 0.4% during the 3rd quarter. Red Spruce Capital LLC now owns 3,200 shares of the technology company’s stock worth $3,108,000 after purchasing an additional 12 shares during the last quarter. CYBER HORNET ETFs LLC lifted its stake in Lumentum by 7.2% in the 2nd quarter. CYBER HORNET ETFs LLC now owns 209 shares of the technology company’s stock valued at $179,000 after buying an additional 14 shares in the last quarter. Hilltop National Bank boosted its holdings in Lumentum by 26.8% in the 2nd quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock worth $61,000 after buying an additional 15 shares during the last quarter. Sachetta LLC boosted its holdings in Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after buying an additional 19 shares during the last quarter. Finally, Kieckhefer Group LLC boosted its holdings in Lumentum by 0.8% in the 3rd quarter. Kieckhefer Group LLC now owns 3,191 shares of the technology company’s stock worth $3,099,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

LITE stock opened at $756.17 on Friday. The business’s fifty day moving average price is $924.34 and its 200 day moving average price is $877.75. Lumentum Holdings Inc. has a 12-month low of $173.73 and a 12-month high of $1,143.00. The company has a market capitalization of $68.49 billion, a PE ratio of -9.20 and a beta of 1.53. 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 (NASDAQ:LITE) last released 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 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%. Lumentum’s revenue was up 109.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, sell-side analysts anticipate that Lumentum Holdings Inc. will post 19.79 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on LITE. Stifel Nicolaus boosted their price objective on Lumentum from $1,100.00 to $1,232.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Evercore assumed coverage on Lumentum in a research report on Monday, August 31st. They issued an “outperform” rating and a $1,100.00 target price on the stock. Deutsche Bank Aktiengesellschaft started coverage on Lumentum in a research report on Monday, August 31st. They set a “buy” rating and a $1,200.00 price target for the company. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price objective on shares of Lumentum in a research note on Monday, October 5th. Finally, Bank of America decreased their price objective on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a report on Wednesday, August 12th. Sixteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,080.83.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Jefferies reportedly raised its price target on Lumentum to $1,250, signaling continued confidence in the company’s AI-optics growth prospects. Lumentum stock rises pre-market; Jefferies lifts target to USD 1,250
• Positive Sentiment: Brown Advisory identified Lumentum as an opportunity within AI infrastructure, reflecting institutional support for the company’s exposure to optical components used in data centers. Management has also highlighted strong AI demand through early 2029. Brown Advisory Sees AI Infrastructure Opportunity in Lumentum Holdings Inc. (LITE)
• Neutral Sentiment: Investors are looking ahead to Lumentum’s fiscal first-quarter update on November 4. The company has guided revenue above the prior quarter, while its latest reported quarter exceeded analyst expectations for both earnings and revenue, creating a potentially important catalyst but also raising expectations.
• Negative Sentiment: Lumentum shares have fallen sharply over the past week as investors reduced exposure to AI-optics stocks following a hotter-than-expected September inflation report. Higher interest-rate concerns are weighing particularly heavily on high-growth technology valuations. Lumentum Holdings (LITE) Fell In The AI Optics Selloff, Is It Still Undervalued?
• Negative Sentiment: The broader technology selloff has spread across optical-networking peers, including Coherent and Applied Optoelectronics, suggesting the recent weakness is driven more by sector-wide positioning and valuation concerns than by a new company-specific setback. Optics Stocks Tumble as Tech Selloff Deepens Ahead of Earnings
• Negative Sentiment: Lumentum’s CFO reportedly sold approximately $25.7 million of stock ahead of earnings. Although insider selling does not necessarily indicate deteriorating fundamentals, the timing may add to investor caution. Lumentum Slips Off Its $1,143 Peak as CFO Sells $25.7 Million Ahead of Earnings

Insider Buying and Selling

In other Lumentum news, CFO Wajid Ali sold 24,542 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief financial officer owned 75,074 shares in the company, valued at $78,715,089. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Hurlston sold 548 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $958.66, for a total transaction of $525,345.68. Following the completion of the transaction, the chief executive officer owned 186,951 shares of the company’s stock, valued at approximately $179,222,445.66. This trade represents a 0.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 94,496 shares of company stock worth $85,978,498 over the last three months. 0.28% of the stock is owned by insiders.

Lumentum Company Profile

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.