Rakuten Investment Management Inc. Takes $15.65 Million Position in Lumentum Holdings Inc. $LITE

Rakuten Investment Management Inc. acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 18,377 shares of the technology company’s stock, valued at approximately $15,646,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. grew its holdings in shares of Lumentum by 45.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock worth $136,306,000 after buying an additional 114,714 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Lumentum during the 1st quarter valued at approximately $2,046,000. Styrax Capital LP raised its stake in Lumentum by 3.6% during the 1st quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock valued at $98,386,000 after acquiring an additional 4,837 shares during the last quarter. Whittier Trust Co. lifted its position in Lumentum by 21,806.5% during the 1st 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 period. Finally, Andar Capital Management HK Ltd acquired a new stake in Lumentum during the 4th quarter worth approximately $4,325,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

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Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI infrastructure demand remains the core bullish driver. Lumentum supplies optical components used in high-speed data-center networks, and investors continue to view its 1.6T transceivers and 200G lasers as beneficiaries of accelerating AI-networking demand.
• Positive Sentiment: Recent operating results provide support. Lumentum’s latest quarter exceeded expectations, with $3.23 in adjusted earnings per share versus a $2.97 consensus estimate and revenue of $1.01 billion, up 109.3% year over year. Q1 fiscal 2027 EPS guidance of $4.05–$4.35 also remains encouraging.
• Neutral Sentiment: Management’s technology-conference appearance offered no clearly new catalyst. Lumentum presented at the Deutsche Bank 2026 Technology Conference, where investors focused on its AI-product outlook, capacity expansion and execution. The supplied transcript did not identify a specific new forecast or announcement. Lumentum Deutsche Bank Technology Conference Transcript
• Negative Sentiment: Sector-wide risk-off trading pressured the stock. Applied Optoelectronics and Lumentum reportedly fell about 6%, while Coherent declined about 5%, as the optics stocks that led the August rally pulled back together. A Barron’s report suggested the declines reflected peer-related sympathy selling rather than company-specific news. Optics Stocks Slide as AI Hardware Trade Cools
• Negative Sentiment: Several insiders sold shares. SVP Jae Kim sold 12,000 shares for approximately $10.2 million, while Vincent Retort sold 38,663 shares for about $33.0 million. CEO Michael Hurlston sold 548 shares for roughly $525,000. The transactions were conducted under pre-arranged Rule 10b5-1 plans, limiting their value as a discretionary bearish signal, but they add a modest overhang after the stock’s substantial rally. SEC CEO Insider Trading Filing
• Negative Sentiment: Valuation and competition heighten volatility. With LITE trading near its 52-week high, investors may be particularly sensitive to profit-taking, execution problems or competition from Cisco and NVIDIA in AI connectivity.

Insiders Place Their Bets

In other news, insider Yuen Wupen sold 500 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $882.15, for a total value of $441,075.00. Following the completion of the transaction, the insider owned 119,127 shares in the company, valued at $105,087,883.05. This trade represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael E. Hurlston sold 548 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $958.66, for a total transaction of $525,345.68. Following the completion of the transaction, the chief executive officer owned 186,951 shares of the company’s stock, valued at $179,222,445.66. This represents a 0.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 64,563 shares of company stock worth $55,448,750 in the last ninety days. 0.43% of the stock is owned by insiders.

Lumentum Stock Performance

Shares of LITE stock opened at $895.00 on Friday. 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 stock has a 50 day simple moving average of $811.83 and a 200-day simple moving average of $805.08. The company has a market cap of $80.28 billion, a price-to-earnings ratio of -10.89 and a beta of 1.50. Lumentum Holdings Inc. has a 12-month low of $125.00 and a 12-month high of $1,085.68.

Lumentum (NASDAQ:LITE – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same period in the previous year, the business earned $0.88 earnings per share. The company’s revenue for the quarter was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, equities analysts forecast that Lumentum Holdings Inc. will post 19.76 EPS for the current year.

Analyst Upgrades and Downgrades

LITE has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Northland Securities increased their price target on Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. BNP Paribas Exane lifted their price objective on shares of Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. Mizuho boosted their price objective on shares of Lumentum from $1,100.00 to $1,140.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Finally, Loop Capital upped their price objective on shares of Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. One equities research 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 stock. Based on data from MarketBeat, Lumentum currently has a consensus rating of “Moderate Buy” and an average price target of $1,044.67.

Check Out Our Latest Analysis on LITE

About Lumentum

(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.

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