17,105 Shares in Lumentum Holdings Inc. $LITE Acquired by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 17,105 shares of the technology company’s stock, valued at approximately $14,677,000.

A number of other hedge funds also recently modified their holdings of the business. Nomura Asset Management Co. Ltd. increased its holdings in shares of Lumentum by 45.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock valued at $136,306,000 after purchasing an additional 114,714 shares during the period. Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Lumentum during the 1st quarter valued at $2,046,000. Styrax Capital LP lifted its position in shares of Lumentum by 3.6% in the first quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock worth $98,386,000 after buying an additional 4,837 shares during the last quarter. Whittier Trust Co. lifted its holdings in Lumentum by 21,806.5% in the 1st quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock worth $57,183,000 after purchasing an additional 73,706 shares during the last quarter. Finally, Andar Capital Management HK Ltd acquired a new stake in shares of Lumentum in the fourth quarter worth $4,325,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling at Lumentum

In other news, insider Vincent Retort sold 3,183 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $909.43, for a total value of $2,894,715.69. Following the completion of the transaction, the insider owned 114,495 shares in the company, valued at $104,125,187.85. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 Isaac Hosojiro Harris sold 4,000 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $860.00, for a total transaction of $3,440,000.00. Following the sale, the director directly owned 8,400 shares of the company’s stock, valued at $7,224,000. This represents a 32.26% 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 quarter, insiders have sold 9,965 shares of company stock valued at $8,993,110. 0.43% of the stock is currently owned by corporate insiders.

Lumentum Trading Down 5.2%

LITE stock opened at $827.60 on Thursday. 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 $111.20 and a twelve month high of $1,085.68. The company has a market cap of $74.24 billion, a P/E ratio of -10.07 and a beta of 1.50. The business has a fifty day moving average of $811.06 and a 200-day moving average of $786.24.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results 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. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. During the same period last year, the company earned $0.88 EPS. The firm’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 expect that Lumentum Holdings Inc. will post 16.97 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on LITE shares. Morgan Stanley raised their target price on Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. Barclays upped their target price on shares of Lumentum from $750.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Craig Hallum raised their price objective on Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Mizuho raised their price objective on shares of Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Finally, BNP Paribas Exane boosted their price target on Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,044.67.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI networking demand is accelerating. Analysts say rising adoption of near-packaged optics (NPO) and co-packaged optics (CPO), along with demand from hyperscale data centers, could drive substantial revenue growth and margin expansion. One analysis expects fiscal 2027 revenue to more than double, while also highlighting opportunities in both merchant and custom chips. Lumentum Upgrade
• Positive Sentiment: Lumentum compares favorably with other AI technology stocks. Recent coverage points to steadier quarter-over-quarter revenue expansion than C3.ai and stronger growth prospects than Applied Optoelectronics, supporting the view that Lumentum is a preferred way to invest in optical networking. AAOI versus Lumentum
• Neutral Sentiment: Analyst sentiment remains favorable, but valuation is demanding. Lumentum has a broad “Moderate Buy” consensus and several price-target increases, yet its approximately 11.4-times sales multiple leaves the stock vulnerable to profit-taking if growth expectations weaken. Lumentum Moderate Buy Rating
• Negative Sentiment: Sector-wide AI risk aversion is the immediate pressure. Reports involving Anthropic and a Wall Street Journal article triggered a selloff in optics and AI hardware shares, raising concerns about the pace or durability of AI infrastructure spending. Optics Stocks Drop on Anthropic News
• Negative Sentiment: Insider selling adds a modest sentiment headwind. Two executives sold shares under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards. Because the sales were planned and the executives retained sizable positions, they appear less significant than discretionary selling. Lumentum Insider Sale

Lumentum Company Profile

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.