Lumentum Holdings Inc. $LITE Shares Newly Acquired by Geneva Partners LLC

Geneva Partners LLC purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,344 shares of the technology company’s stock, valued at approximately $2,277,000.

A number of other institutional investors and hedge funds have also modified their holdings of LITE. Jupiter Topco LLC bought a new position in Lumentum during the 2nd quarter worth approximately $1,621,396,000. Amundi increased its stake in Lumentum by 188.7% in the second quarter. Amundi now owns 658,427 shares of the technology company’s stock valued at $564,970,000 after purchasing an additional 430,355 shares in the last quarter. WT Asset Management Ltd acquired a new stake in Lumentum in the second quarter worth $494,688,000. Janus Henderson Group PLC boosted its position in shares of Lumentum by 163.2% during the first quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock worth $398,590,000 after purchasing an additional 351,676 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Lumentum in the 2nd quarter valued at $376,539,000. 94.05% of the stock is owned by institutional investors.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: StoneX initiated coverage with a Buy rating and a $1,200 price target, citing Lumentum’s exposure to “critical scarcity points” in the optical networking supply chain. The call also lifted sentiment across related companies, including Applied Optoelectronics and Coherent. Lumentum Gains 3% as StoneX Starts at Buy With $1,200 Target
• Positive Sentiment: BNP Paribas raised its target for Lumentum to $1,425, adding another bullish analyst signal and reinforcing expectations for substantial upside tied to AI infrastructure spending. BNP Paribas Raises Target for Lumentum Stock to USD 1,425
• Positive Sentiment: Lumentum’s announced AI rack optics demonstration highlighted its efforts to address rapidly growing demand for high-speed data-center connectivity. Investors appear to view the technology as supporting the company’s position in AI-related compute infrastructure. Lumentum Announces AI Rack Optics Demonstration
• Neutral Sentiment: A market-data update reported zero shares sold short as of October 26, implying no measurable short-interest overhang. However, the figure conflicts with the description of a “significant increase” and may reflect a reporting error.
• Negative Sentiment: One analysis cautioned that Lumentum’s growth is constrained by indium phosphide fab capacity. Its longer-term earnings ambitions also depend heavily on scaling optical circuit switching, which may be less defensible than the company’s core laser products. Lumentum: Sold Out Is Not The Same As Scalable

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LITE. Evercore started coverage on Lumentum in a report on Monday, August 31st. They set an “outperform” rating and a $1,100.00 target price on the stock. Jefferies Financial Group raised their price target on Lumentum from $1,200.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Tuesday, October 20th. Bank of America dropped their price target on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 target price on shares of Lumentum in a research note on Monday, October 5th. Finally, TD Cowen raised their target price on shares of Lumentum from $800.00 to $820.00 and gave the stock a “hold” rating in a report on Wednesday, August 12th. Sixteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lumentum has a consensus rating of “Moderate Buy” and an average target price of $1,080.83.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $818.10 on Tuesday. Lumentum Holdings Inc. has a fifty-two week low of $184.20 and a fifty-two week high of $1,143.00. The stock has a market capitalization of $74.11 billion, a price-to-earnings ratio of -9.95 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The business has a 50-day moving average of $923.08 and a 200-day moving average of $784.46.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The firm’s revenue for the quarter was up 109.3% on a year-over-year basis. 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, sell-side analysts predict that Lumentum Holdings Inc. will post 19.79 earnings per share for the current fiscal year.

Insider Activity at Lumentum

In related news, CFO Wajid Ali sold 24,542 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the completion of the sale, the chief financial officer directly owned 75,074 shares in the company, valued at approximately $78,715,089. The trade was a 24.64% decrease in their ownership of the stock. The sale 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. Also, insider Yuen Wupen sold 307 shares of the company’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total value of $290,115.00. Following the sale, the insider owned 108,320 shares of the company’s stock, valued at approximately $102,362,400. The trade was 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. Insiders have sold 94,496 shares of company stock valued at $85,978,498 over the last 90 days. Company insiders own 0.28% of the company’s stock.

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.