11,800 Shares in Lumentum Holdings Inc. $LITE Acquired by Freemont Management S.A.

Freemont Management S.A. acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,800 shares of the technology company’s stock, valued at approximately $8,293,000. Lumentum comprises approximately 1.3% of Freemont Management S.A.’s investment portfolio, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LITE. Nomura Asset Management Co. Ltd. raised its position in shares of Lumentum by 45.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock valued at $136,306,000 after buying an additional 114,714 shares during the last quarter. Andar Capital Management HK Ltd acquired a new position in Lumentum during the fourth quarter worth about $4,325,000. Whittier Trust Co. boosted its position in Lumentum by 21,806.5% during the first quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock worth $57,183,000 after acquiring an additional 73,706 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Lumentum during the 4th quarter valued at about $6,755,000. Finally, Maxi Investments CY Ltd purchased a new stake in Lumentum during the 4th quarter valued at about $2,212,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analysts highlighted Lumentum’s record laser-chip shipments and capacity expansion, suggesting the company is well positioned to benefit from surging AI networking demand. Can Lumentum’s AI Laser Chip Demand Accelerate Revenue Growth?
• Positive Sentiment: Lumentum was upgraded to Zacks Rank #2 (Buy) after earnings estimates were raised, which signals improving sentiment around near-term earnings prospects. Lumentum (LITE) Upgraded to Buy: What Does It Mean for the Stock?
• Positive Sentiment: Coverage comparing Lumentum with Applied Digital favored Lumentum’s stronger execution, AI-driven growth, and lower valuation, reinforcing the stock’s appeal to growth investors. LITE vs. APLD: Which AI Infrastructure Stock Offers Better Growth?
• Neutral Sentiment: UBS reaffirmed its Hold rating, which may temper enthusiasm even as the broader AI-demand story remains constructive. UBS Reaffirms Their Hold Rating on Lumentum Holdings (LITE)
• Neutral Sentiment: Citi’s addition of Lumentum to a 90-day catalyst watch suggests traders are watching for near-term catalysts, but it does not by itself change the fundamental outlook. Lumentum in focus as Citi adds 90-day catalyst watch
• Negative Sentiment: Some articles point to valuation and analyst-watch attention rather than confirmed new financial results, so the stock could be vulnerable if AI demand growth or execution does not continue to meet high expectations.

Wall Street Analysts Forecast Growth

LITE has been the topic of a number of research reports. BNP Paribas Exane raised their target price on shares of Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lumentum in a report on Tuesday, April 21st. UBS Group lifted their price objective on Lumentum from $455.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and set a $1,014.00 price objective on shares of Lumentum in a research note on Wednesday, May 6th. Finally, Craig Hallum upped their target price on Lumentum from $900.00 to $1,150.00 in a report on Wednesday, May 6th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $1,012.67.

Insiders Place Their Bets

In other news, insider Yuen Wupen sold 3,210 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $3,062,179.50. Following the completion of the transaction, the insider directly owned 81,488 shares in the company, valued at approximately $77,735,477.60. This represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Brian Lillie sold 11,951 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $981.64, for a total value of $11,731,579.64. Following the sale, the director directly owned 13,959 shares of the company’s stock, valued at $13,702,712.76. The trade was a 46.13% decrease in their ownership of the stock. 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 quarter, insiders have sold 41,260 shares of company stock worth $38,859,220. Corporate insiders own 0.43% of the company’s stock.

Lumentum Stock Up 3.8%

Shares of NASDAQ LITE opened at $732.82 on Friday. The company has a market capitalization of $57.01 billion, a P/E ratio of 135.71 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The company has a 50 day simple moving average of $865.06 and a 200-day simple moving average of $710.76. Lumentum Holdings Inc. has a 1 year low of $97.55 and a 1 year high of $1,085.68.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.10. The company had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm’s revenue for the quarter was up 90.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities research analysts predict that Lumentum Holdings Inc. will post 6.42 earnings per share for the current year.

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.