VestGen Advisors LLC boosted its stake in Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 64.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,584 shares of the technology company’s stock after purchasing an additional 1,013 shares during the quarter. VestGen Advisors LLC’s holdings in Lumentum were worth $2,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Jupiter Topco LLC purchased a new position in Lumentum in the 2nd quarter worth approximately $1,621,396,000. Amundi increased its holdings in shares of Lumentum by 188.7% in the 2nd quarter. Amundi now owns 658,427 shares of the technology company’s stock worth $564,970,000 after buying an additional 430,355 shares during the last quarter. WT Asset Management Ltd bought a new position in shares of Lumentum in the 2nd quarter worth $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 valued at $398,590,000 after buying an additional 351,676 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Lumentum during the 2nd quarter valued at $376,539,000. 94.05% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, CEO Michael E. Hurlston sold 548 shares of Lumentum stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $958.66, for a total value of $525,345.68. Following the sale, the chief executive officer directly owned 186,951 shares in the company, valued at approximately $179,222,445.66. The trade was a 0.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Vincent Retort sold 38,663 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $852.59, for a total value of $32,963,687.17. Following the completion of the transaction, the insider owned 78,440 shares in the company, valued at $66,877,159.60. The trade was a 33.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 94,496 shares of company stock valued at $85,978,498 in the last three months. 0.28% of the stock is currently owned by company insiders.
Lumentum Stock Up 0.6%
Shares of LITE opened at $919.53 on Friday. Lumentum Holdings Inc. has a 12-month low of $184.20 and a 12-month high of $1,143.00. The business’s 50 day moving average is $923.68 and its 200 day moving average is $792.49. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $83.29 billion, a PE ratio of -11.19 and a beta of 1.53.
Lumentum (NASDAQ:LITE – Get Free Report) last announced its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. During the same period in the prior year, the company posted $0.88 EPS. The firm’s quarterly revenue was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Research analysts expect that Lumentum Holdings Inc. will post 19.79 earnings per share for the current fiscal year.
Key Lumentum News
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: Potential acquisition premium: Lumentum’s reported status as the target is supporting its shares, with the company’s approximately $83 billion market value putting a substantial takeover premium and possible deal value in focus. Lumentum Stock Rises as Marvell Takeover Talks Put $83 Billion Market Value in Focus
- Positive Sentiment: Strategic value in AI infrastructure: Marvell could gain Lumentum’s optical networking products, indium phosphide laser manufacturing capacity and exposure to rapidly growing data-center demand. Optical connections are becoming increasingly important as AI clusters require faster, higher-capacity links than copper can provide. Marvell in advanced talks to buy Lumentum
- Positive Sentiment: Underlying operating momentum is attracting interest independently of the takeover speculation. Lumentum has reported record cloud-transceiver shipments and is expanding its 1.6T product rollout, benefiting from AI infrastructure investment; its latest reported revenue increased 109% year over year and earnings exceeded expectations. LITE’s Transceivers Gain From AI Infrastructure Demand
- Neutral Sentiment: The reported transaction could strengthen the relationship between Marvell, Lumentum and NVIDIA, which has invested in both companies and relies on advanced optical components for AI systems. However, reports indicate discussions are ongoing rather than a completed deal. Nvidia-Backed Marvell, Lumentum Could Be Nearing Deal
- Negative Sentiment: Valuation and execution risks could limit the benefit to LITE investors if negotiations fail or the terms disappoint. Analysts have flagged Lumentum’s premium valuation, customer concentration, capacity constraints and the difficulty of integrating the businesses. An all-stock transaction would also create significant dilution for Marvell shareholders, potentially complicating deal approval. Marvell-Lumentum Deal: Analysts See Strategic Logic but Flag Price and Integration Risk
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Evercore initiated coverage on shares of Lumentum in a research report on Monday, August 31st. They issued an “outperform” rating and a $1,100.00 target price for the company. Weiss Ratings downgraded Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. Wolfe Research reaffirmed an “outperform” rating on shares of Lumentum in a research note on Friday, August 21st. UBS Group set a $820.00 price objective on Lumentum in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. increased 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,080.83.
Read Our Latest Report on Lumentum
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.
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