23,234 Lumentum Holdings Inc. $LITE Shares Sold by M & L Capital Management Ltd

M & L Capital Management Ltd lowered its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 44.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,796 shares of the technology company’s stock after selling 23,234 shares during the period. Lumentum comprises about 5.8% of M & L Capital Management Ltd’s investment portfolio, making the stock its 9th biggest holding. M & L Capital Management Ltd’s holdings in Lumentum were worth $27,968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LITE. Jupiter Topco LLC bought a new position in shares of Lumentum during the second quarter valued at approximately $1,621,396,000. Amundi raised its position in shares of 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 purchasing an additional 430,355 shares during the period. WT Asset Management Ltd acquired a new stake in shares of Lumentum during the 2nd quarter worth approximately $494,688,000. Janus Henderson Group PLC raised its position in shares of 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 purchasing an additional 351,676 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Lumentum in the 2nd quarter worth approximately $376,539,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lumentum

In other Lumentum news, insider Yuen Wupen sold 307 shares of the business’s stock in a transaction on Tuesday, September 29th. The stock was 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 in the company, valued at approximately $102,362,400. The trade was a 0.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 75,074 shares of the company’s stock, valued at approximately $78,715,089. The trade was a 24.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 94,496 shares of company stock worth $85,978,498. 0.28% of the stock is owned by insiders.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: New bullish analyst coverage: StoneX initiated coverage with a Buy rating and a $1,200 target, citing “critical scarcity points” in optical components. BNP Paribas also raised its target to $1,425. These targets imply substantial upside and helped drive buying across the optical sector. StoneX starts coverage with USD 1,200 target for Lumentum stock
• Positive Sentiment: Strong AI-related demand: Reports indicate Lumentum’s AI components are effectively sold out, potentially through 2029. Demand for 200G EMLs, high-power lasers and other optical products is being driven by data-center and AI-compute expansion. Lumentum stock surges as AI components are sold out
• Positive Sentiment: Favorable industry backdrop: Evercore ISI said optical stocks are benefiting from AI-driven bandwidth requirements, improving fundamentals and tight supply. Lumentum, Ciena, Coherent and Nokia all participated in the sector rally. Analyst explains why optical stocks are moving higher
• Positive Sentiment: Product development: Lumentum’s demonstration of AI rack optics supports the company’s positioning in next-generation data-center connectivity. Its prior earnings report also showed revenue growth of 109.3% year over year and earnings above consensus, while management guided to $4.05–$4.35 in next-quarter EPS. Lumentum announces AI rack optics demonstration
• Neutral Sentiment: Earnings are the next catalyst: The rally has continued ahead of Lumentum’s upcoming results, increasing the importance of its outlook for AI demand, capacity expansion and margins.
• Negative Sentiment: Valuation and execution risks: Analysts caution that being sold out does not automatically mean demand can scale. InP-fab capacity constraints and reliance on optical-circuit-switching expansion could limit growth, while the stock’s sharp multi-year advance leaves it vulnerable to profit-taking if earnings or guidance disappoint. Lumentum sold out is not the same as scalable

Lumentum Stock Performance

Shares of NASDAQ:LITE opened at $866.18 on Wednesday. The firm’s 50 day moving average is $921.02 and its two-hundred day moving average is $786.82. Lumentum Holdings Inc. has a 52 week low of $184.20 and a 52 week high of $1,143.00.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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. The business’s quarterly revenue was up 109.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, sell-side analysts predict that Lumentum Holdings Inc. will post 19.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on LITE. JPMorgan Chase & Co. boosted their price objective on Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Evercore assumed coverage on Lumentum in a research note on Monday, August 31st. They set an “outperform” rating and a $1,100.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on Lumentum in a research report on Monday, August 31st. They issued a “buy” rating and a $1,200.00 target price on the stock. Stifel Nicolaus raised their target price on Lumentum from $1,100.00 to $1,232.00 and gave the company a “buy” rating in a research note on Monday, October 5th. Finally, Mizuho raised their target price on Lumentum from $1,100.00 to $1,140.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,080.83.

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.