Sumitomo Life Insurance Co. Takes $545,000 Position in Lumentum Holdings Inc. $LITE

Sumitomo Life Insurance Co. purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 635 shares of the technology company’s stock, valued at approximately $545,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LITE. Arrowstreet Capital Limited Partnership grew its holdings in Lumentum by 8,579.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after acquiring an additional 1,545,199 shares during the last quarter. Norges Bank acquired a new position in shares of Lumentum during the fourth quarter worth approximately $474,495,000. Value Aligned Research Advisors LLC acquired a new position in shares of Lumentum during the fourth quarter worth approximately $432,062,000. Situational Awareness LP lifted its position in shares of Lumentum by 210.9% during the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock worth $478,577,000 after purchasing an additional 880,800 shares in the last quarter. Finally, Aspex Management HK Ltd bought a new stake in shares of Lumentum during the fourth quarter valued at approximately $251,363,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LITE shares. Bank of America lowered their price target on shares of Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a report on Wednesday, August 12th. Northland Securities increased their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. BNP Paribas Exane increased their price objective on Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. UBS Group set a $820.00 target price on Lumentum in a research report on Wednesday, August 12th. Finally, Loop Capital boosted their target price on Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Lumentum has an average rating of “Moderate Buy” and a consensus price target of $1,044.67.

Insider Buying and Selling at Lumentum

In related news, insider Yuen Wupen sold 500 shares of Lumentum stock in a transaction on Friday, August 21st. The stock was sold at an average price of $898.15, for a total transaction of $449,075.00. Following the completion of the sale, the insider directly owned 93,229 shares of the company’s stock, valued at $83,733,626.35. The trade was a 0.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, insider Vincent Retort sold 2,483 shares of Lumentum stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $827.82, for a total value of $2,055,477.06. Following the sale, the insider directly owned 109,438 shares of the company’s stock, valued at approximately $90,594,965.16. This trade represents a 2.22% decrease in their ownership of the stock. 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 90 days, insiders have sold 16,352 shares of company stock worth $14,315,562. 0.43% of the stock is currently owned by insiders.

Lumentum News Roundup

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

Lumentum Stock Down 1.4%

Shares of NASDAQ:LITE opened at $866.71 on Friday. 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 stock has a market cap of $77.74 billion, a price-to-earnings ratio of -10.54 and a beta of 1.50. The company has a 50 day moving average of $809.76 and a 200-day moving average of $790.21. Lumentum Holdings Inc. has a one year low of $115.89 and a one year high of $1,085.68.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business 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 business posted $0.88 earnings per share. Lumentum’s 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. On average, sell-side analysts forecast that Lumentum Holdings Inc. will post 19.76 earnings per share for the current year.

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.