AE Wealth Management LLC Buys Shares of 1,285 Lumentum Holdings Inc. $LITE

AE Wealth Management LLC purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,285 shares of the technology company’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LITE. Federated Hermes Inc. grew its stake in Lumentum by 7,168.8% during the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock valued at $58,958,000 after acquiring an additional 357,367 shares in the last quarter. FengHe Fund Management Pte. Ltd. bought a new position in Lumentum in the 3rd quarter valued at $71,771,000. Pacer Advisors Inc. bought a new position in Lumentum in the 3rd quarter valued at $1,512,000. Leeward Investments LLC MA grew its position in shares of Lumentum by 14.8% during the 2nd quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock valued at $49,092,000 after purchasing an additional 66,541 shares in the last quarter. Finally, Braun Stacey Associates Inc. bought a new position in shares of Lumentum in the third quarter worth $15,125,000. Institutional investors own 94.05% of the company’s stock.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: JPMorgan raised its price target to $565 and kept an “overweight” rating, signaling confidence in additional upside from Lumentum. JPMorgan raises PT to $565
• Positive Sentiment: Citigroup raised its price target to $560 and maintained a “buy” rating, supporting the bullish analyst momentum. Citigroup raises PT to $560
• Positive Sentiment: Northland published a much higher FY2027 EPS projection ($10.69 vs. street consensus near $0.03), reflecting expectations for sustained margin expansion and accelerated revenue — a strong forward signal for investors. Northland FY2027 EPS estimate
• Positive Sentiment: Company results: Q2 FY2026 reported EPS of $1.67 (vs. $1.41 consensus) and revenue $665.5M (vs. $646.7M); management set Q3 EPS guidance of $2.15–$2.35 — these beats and the guide raise are the core fundamental reason the stock is rising. Earnings call transcript
• Positive Sentiment: Sector/market tailwind: coverage highlighting hyperscaler capex “explosion” points to strong demand for Lumentum’s optical components, bolstering revenue growth expectations. Capex tailwind article
• Neutral Sentiment: Press pieces noting Lumentum hit new all-time highs and extended a multi-day winning streak after earnings — confirms market momentum but is descriptive rather than new catalyst. All-time high coverage
• Neutral Sentiment: Fund/strategy commentary (e.g., Fidelity growth strategy mentions) highlights Lumentum as a high-growth name, supporting institutional interest but not an immediate catalyst. Fund commentary
• Negative Sentiment: B. Riley upgraded Lumentum to “buy” but set a $526 price target (below the stock’s current level), implying limited near-term upside from that shop’s perspective and introducing a potential anchor on further gains. B. Riley upgrade and PT $526

Insider Buying and Selling

In other Lumentum news, insider Yuen Wupen sold 822 shares of Lumentum stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $258.96, for a total value of $212,865.12. Following the transaction, the insider directly owned 95,077 shares of the company’s stock, valued at $24,621,139.92. The trade was a 0.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pamela Fletcher sold 3,421 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total value of $935,746.13. Following the completion of the sale, the director owned 10,561 shares of the company’s stock, valued at $2,888,750.33. The trade was a 24.47% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 17,180 shares of company stock worth $4,551,380. Insiders own 0.43% of the company’s stock.

Lumentum Trading Up 9.4%

Shares of LITE opened at $551.99 on Friday. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $558.38. The firm has a market cap of $39.41 billion, a price-to-earnings ratio of 169.32 and a beta of 1.51. The firm has a 50 day moving average price of $367.68 and a 200-day moving average price of $238.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 0.61.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. During the same quarter last year, the company earned $0.42 EPS. The firm’s revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities research analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LITE. Needham & Company LLC lifted their price objective on Lumentum to $550.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen cut Lumentum from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Susquehanna boosted their price objective on Lumentum to $550.00 and gave the stock a “positive” rating in a report on Wednesday. Barclays upped their price objective on shares of Lumentum to $475.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Wolfe Research reiterated an “outperform” rating and set a $240.00 target price on shares of Lumentum in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $444.94.

About Lumentum

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.