Mitsubishi UFJ Asset Management Co. Ltd. lessened its holdings in Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 80.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,486 shares of the technology company’s stock after selling 23,310 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Lumentum were worth $2,118,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Pilgrim Partners Asia Pte Ltd purchased a new stake in Lumentum in the 4th quarter worth $55,000. SBI Securities Co. Ltd. increased its stake in Lumentum by 151.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 4,926 shares of the technology company’s stock worth $1,816,000 after buying an additional 2,965 shares in the last quarter. Alpha Cubed Investments LLC purchased a new stake in Lumentum in the 4th quarter worth $447,000. Advisors Preferred LLC purchased a new stake in Lumentum in the 4th quarter worth $1,405,000. Finally, Estate Counselors LLC purchased a new stake in Lumentum in the 4th quarter worth $4,239,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Mizuho set a $1,100.00 price target on Lumentum in a research note on Wednesday, May 6th. Jefferies Financial Group reissued a “buy” rating and set a $1,200.00 price objective on shares of Lumentum in a report on Wednesday, May 6th. Loop Capital increased their price objective on shares of Lumentum from $900.00 to $1,400.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Raymond James Financial reissued an “outperform” rating and set a $1,014.00 price objective on shares of Lumentum in a report on Wednesday, May 6th. Finally, Zacks Research downgraded shares of Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,012.43.
Lumentum News Roundup
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: Lumentum will be added to the Nasdaq-100 on May 18, a milestone that is likely to attract passive fund buying and increase trading demand. Lumentum Joins the Nasdaq-100 Index®, Achieving New Milestone in Global Growth
- Positive Sentiment: Market commentary says the stock is benefiting from a renewed rally in AI-linked optical networking shares, with peers also jumping sharply, suggesting sector momentum is supporting LITE. Lumentum Stock Soars as AI Optical Networking Rally Resumes
- Positive Sentiment: Analysts and news coverage continue to point to strong demand for optical components, with orders reportedly extending through 2028, reinforcing the growth story behind the stock’s run. Is Lumentum Holdings Inc. (LITE) Among the Best Photonics Stocks to Buy Right Now?
- Positive Sentiment: Citic Securities raised its price target on Lumentum, signaling rising Wall Street confidence that the shares still have room to run after the sharp recent move. MarketScreener
- Neutral Sentiment: Recent articles focus on Lumentum’s extraordinary momentum and valuation after the stock’s big multi-month run, which may prompt investors to reassess whether the rally has gone too far. A Look At Lumentum Holdings (LITE) Valuation After Its Strong Recent Share Price Run
Lumentum Stock Up 16.5%
Shares of NASDAQ:LITE opened at $1,053.09 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 12 month low of $69.26 and a 12 month high of $1,073.33. The company has a 50-day moving average price of $787.25 and a 200 day moving average price of $514.43. The company has a market cap of $81.93 billion, a price-to-earnings ratio of 195.02 and a beta of 1.53.
Lumentum (NASDAQ:LITE – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The firm had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. During the same quarter last year, the firm earned $0.57 EPS. The firm’s revenue for the quarter was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, equities research analysts predict that Lumentum Holdings Inc. will post 5.95 earnings per share for the current year.
Insider Activity
In related news, insider Vincent Retort sold 3,441 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total value of $1,878,028.98. Following the sale, the insider directly owned 95,975 shares of the company’s stock, valued at $52,381,235.50. This represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Wajid Ali sold 5,302 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the sale, the chief financial officer directly owned 66,287 shares in the company, valued at $45,812,934.31. This trade represents a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 60,926 shares of company stock valued at $36,254,801. Company insiders own 0.43% of the company’s stock.
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.
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