Lumentum Holdings Inc. $LITE Stock Sold by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC lowered its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 7.7% during the third quarter, Holdings Channel.com reports. The firm owned 7,953 shares of the technology company’s stock after selling 668 shares during the period. Lumentum makes up 1.8% of Bouvel Investment Partners LLC’s holdings, making the stock its 20th biggest holding. Bouvel Investment Partners LLC’s holdings in Lumentum were worth $7,724,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Kieckhefer Group LLC raised 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 valued at $3,099,000 after buying an additional 25 shares during the period. Sax Wealth Advisors LLC purchased a new position in Lumentum during the third quarter worth about $1,529,000. Terra Nova Asset Management LLC purchased a new position in Lumentum during the third quarter worth about $238,000. NorthCrest Asset Manangement LLC increased its position in shares of Lumentum by 140.3% during the third quarter. NorthCrest Asset Manangement LLC now owns 2,105 shares of the technology company’s stock valued at $2,207,000 after acquiring an additional 1,229 shares during the last quarter. Finally, GK Wealth Management LLC increased its position in shares of Lumentum by 10.5% during the third quarter. GK Wealth Management LLC now owns 716 shares of the technology company’s stock valued at $695,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Activity

In other Lumentum news, insider Vincent Retort sold 38,663 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $852.59, for a total transaction of $32,963,687.17. Following the sale, the insider owned 78,440 shares in the company, valued at $66,877,159.60. This represents a 33.02% decrease in their position. 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, CEO Michael Hurlston sold 548 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $958.66, for a total value of $525,345.68. Following the completion of the sale, the chief executive officer directly owned 186,951 shares in the company, valued at $179,222,445.66. This represents a 0.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 94,496 shares of company stock worth $85,978,498 over the last three months. Company insiders own 0.28% of the company’s stock.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum, Astera Labs, and Corning demonstrated a 1060 nm VCSEL-based PCIe-over-optics platform for AI rack-scale connectivity at the OCP Global Summit, reinforcing Lumentum’s role in next-generation AI infrastructure. Lumentum, Astera Labs, and Corning Demonstration
• Positive Sentiment: Recent commentary highlights a backlog extending into early 2029, with demand reportedly exceeding available supply. Supporters argue this visibility and an anticipated free-cash-flow inflection could justify the stock’s premium valuation. Lumentum’s Massive Backlog and Demand
• Positive Sentiment: Zacks included Lumentum among its preferred AI stocks on the pullback and identified it as a highly ranked momentum stock, reflecting continued bullish sentiment from some analysts. Three Best AI Stocks to Buy on the Pullback
• Neutral Sentiment: Analyst opinions are mixed, suggesting that strong AI-related growth prospects are increasingly balanced against valuation and execution risks. Mixed Analyst Opinions on Lumentum
• Negative Sentiment: Lumentum shares have fallen sharply alongside Applied Optoelectronics and Coherent in a sector-wide selloff. Investors are questioning whether AI infrastructure spending can remain strong enough to support sharply elevated valuations after substantial year-to-date gains. Lumentum Falls as Optics Selloff Hits the Sector
• Negative Sentiment: The stock’s rapid appreciation has prompted profit-taking concerns, while questions about long-term AI optics demand have overshadowed its fully booked capacity and near-term order visibility. Lumentum Down After AI Optics Demand Questions

Lumentum Stock Down 0.7%

Lumentum stock traded down $7.42 during mid-day trading on Tuesday, reaching $987.99. 3,981,192 shares of the company’s stock were exchanged, compared to its average volume of 5,490,441. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a twelve month low of $152.54 and a twelve month high of $1,143.00. The company has a market cap of $89.49 billion, a P/E ratio of -12.02 and a beta of 1.53. The company has a fifty day moving average of $927.99 and a 200-day moving average of $872.31.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data 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 analyst estimates 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 quarter in the prior year, the company earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Sell-side analysts expect that Lumentum Holdings Inc. will post 19.78 EPS for the current year.

Analyst Upgrades and Downgrades

LITE has been the topic of several recent analyst reports. Raymond James Financial restated an “outperform” rating and issued a $1,036.00 price objective on shares of Lumentum in a report on Wednesday, August 12th. Evercore initiated 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 cut Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 price objective on shares of Lumentum in a research note on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Lumentum in a report on Monday, August 31st. They issued a “buy” rating and a $1,200.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lumentum has an average rating of “Moderate Buy” and an average price target of $1,078.75.

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.