1,469 Lumentum Holdings Inc. $LITE Shares Sold by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp decreased its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 33.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,863 shares of the technology company’s stock after selling 1,469 shares during the period. MADDEN SECURITIES Corp’s holdings in Lumentum were worth $2,781,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Burkett Financial Services LLC bought a new position in shares of Lumentum in the third quarter valued at about $28,000. Sachetta LLC increased its position in Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after acquiring an additional 19 shares during the period. Latitude Advisors LLC bought a new stake in shares of Lumentum in the third quarter valued at approximately $40,000. Meeder Asset Management Inc. acquired a new stake in shares of Lumentum during the 2nd quarter worth $40,000. Finally, Pension & Wealth Management Advisors Inc. bought a new position in Lumentum in the 3rd quarter valued at about $46,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lumentum

In other news, CFO Wajid Ali sold 24,542 shares of the company’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 transaction, the chief financial officer owned 75,074 shares of the company’s stock, valued at $78,715,089. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 307 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total transaction of $290,115.00. Following the completion of the transaction, the insider directly owned 108,320 shares in the company, valued at approximately $102,362,400. The trade was a 0.28% decrease in their position. 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 worth $85,978,498 over the last three months. Insiders own 0.28% of the company’s stock.

Lumentum Trading Up 5.9%

Shares of NASDAQ:LITE opened at $866.18 on Wednesday. Lumentum Holdings Inc. has a 52-week low of $184.20 and a 52-week high of $1,143.00. The company has a fifty day moving average of $921.02 and a 200-day moving average of $786.82.

Lumentum (NASDAQ:LITE) last issued 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 firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, equities research analysts predict that Lumentum Holdings Inc. will post 19.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LITE. Needham & Company LLC reaffirmed a “buy” rating and set a $1,040.00 price target on shares of Lumentum in a report on Wednesday, August 12th. Jefferies Financial Group upped their target price on Lumentum from $1,200.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. TD Cowen raised their target price on Lumentum from $800.00 to $820.00 and gave the company a “hold” rating in a report on Wednesday, August 12th. Bank of America decreased their price target on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Finally, Zacks Research downgraded Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Lumentum currently has a consensus rating of “Moderate Buy” and an average price target of $1,080.83.

Key Lumentum News

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

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.