Daiichi Life Insurance Co. Ltd. Makes New Investment in Lumentum Holdings Inc. $LITE

Posted by George Bondi on Aug 23rd, 2026

Daiichi Life Insurance Co. Ltd. bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,992 shares of the technology company’s stock, valued at approximately $8,574,000.

A number of other hedge funds have also modified their holdings of LITE. Hilton Head Capital Partners LLC purchased a new position in shares of Lumentum in the first quarter worth about $25,000. Sachetta LLC boosted its position in Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after acquiring an additional 19 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Lumentum during the 2nd quarter valued at about $40,000. Keating Financial Advisory Services Inc. purchased a new stake in Lumentum during the 2nd quarter valued at about $41,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Lumentum in the 2nd quarter valued at about $51,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Lumentum Stock Performance

NASDAQ:LITE opened at $866.71 on Friday. The company’s 50-day moving average is $809.76 and its two-hundred day moving average is $790.21. Lumentum Holdings Inc. has a 1-year low of $115.89 and a 1-year high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The firm has a market capitalization of $77.74 billion, a price-to-earnings ratio of -10.54 and a beta of 1.50.

Lumentum (NASDAQ:LITE – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business’s revenue was up 109.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Analysts forecast that Lumentum Holdings Inc. will post 19.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LITE shares. B. Riley Financial reissued a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Weiss Ratings lowered Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Wednesday. Northland Securities increased their price target on Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Craig Hallum lifted their price objective on Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Finally, BNP Paribas Exane upped their target price on Lumentum from $1,040.00 to $1,300.00 in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and an average target price of $1,044.67.

Check Out Our Latest Report on Lumentum

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: Northland Securities raised its Lumentum earnings forecasts substantially. The firm lifted its FY2027 EPS estimate to $19.81 from $14.97, with quarterly estimates now ranging from $3.81 in Q1 to $6.20 in Q4. Northland maintained an “Outperform” rating and a $1,200 price target, supporting the bullish case for continued earnings growth. Northland Securities analyst estimate report
Positive Sentiment: Lumentum is being highlighted as an AI-infrastructure beneficiary. Analysts and financial publications point to rising demand for optical networking equipment as data centers expand to support artificial intelligence workloads. Lumentum is positioned across the optics and networking portions of that buildout. Beyond Chipmakers: 4 Stocks to Buy That Power AI Data Center Expansion
Positive Sentiment: LITE was added to Zacks’ Rank #1 momentum-stock list. The designation may attract momentum-oriented investors and reinforces the stock’s strong recent performance. Best Momentum Stocks to Buy for August 21st
Neutral Sentiment: A report on data-center construction emphasized the enormous fiber requirements of new AI facilities, a potential long-term demand driver for optical-component suppliers such as Lumentum. However, the article provided limited company-specific financial updates. A Single Meta Data Center Will Require “8 Million Miles of Fiber”
Negative Sentiment: Valuation concerns could be limiting further upside. A Seeking Alpha analysis characterized Lumentum as increasingly expensive after its sharp rally. With the shares near their 52-week high and the company still reporting a negative net margin, some investors may be taking profits despite the favorable growth outlook. Lumentum: It’s Getting Expensive

Insiders Place Their Bets

In other Lumentum news, Director Isaac Hosojiro Harris sold 4,000 shares of the firm’s 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 completion of the sale, the director owned 8,400 shares of the company’s stock, valued at $7,224,000. This trade represents a 32.26% decrease in their ownership of the stock. The transaction was disclosed in a legal 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. Also, insider Vincent Retort sold 3,183 shares of the company’s stock in a transaction 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 directly owned 114,495 shares in the company, valued at approximately $104,125,187.85. This trade represents a 2.70% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 16,352 shares of company stock valued at $14,315,562. 0.43% of the stock is currently owned by insiders.

Lumentum Profile

(Free Report)

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.