The Manufacturers Life Insurance Company Purchases New Position in Lumentum Holdings Inc. $LITE

The Manufacturers Life Insurance Company purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 38,723 shares of the technology company’s stock, valued at approximately $33,227,000.

Several other hedge funds have also recently bought and sold shares of the stock. Hilltop National Bank grew its holdings in shares of Lumentum by 26.8% in the 2nd quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock worth $61,000 after purchasing an additional 15 shares during the last quarter. Sachetta LLC boosted its position in Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after buying an additional 19 shares in the last quarter. Versant Capital Management Inc grew its stake in Lumentum by 39.5% during the second quarter. Versant Capital Management Inc now owns 106 shares of the technology company’s stock worth $91,000 after buying an additional 30 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in Lumentum during the first quarter worth about $25,000. Finally, Abel Hall LLC increased its holdings in shares of Lumentum by 5.5% during the first quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock worth $487,000 after buying an additional 36 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Lumentum Stock Up 6.0%

Shares of Lumentum stock opened at $939.03 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 12 month low of $123.78 and a 12 month high of $1,085.68. The business has a fifty day simple moving average of $808.80 and a 200 day simple moving average of $801.60. The stock has a market cap of $84.23 billion, a PE ratio of -11.42 and a beta of 1.50.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 EPS 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 business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The firm’s revenue was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Research analysts predict that Lumentum Holdings Inc. will post 19.76 EPS for the current year.

Insider Buying and Selling

In related news, SVP Jae Kim sold 1,904 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,576,169.28. Following the sale, the senior vice president directly owned 42,096 shares in the company, valued at $34,847,910.72. This trade represents a 4.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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, Director Isaac Hosojiro Harris sold 1,416 shares of Lumentum stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the transaction, the director directly owned 6,984 shares in the company, valued at $6,984,558.72. The trade was a 16.86% 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. In the last quarter, insiders sold 17,352 shares of company stock valued at $15,168,757. Insiders own 0.43% of the company’s stock.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI optics demand is driving renewed buying. Lumentum gained for a second consecutive session as investors continued to favor companies supplying optical components for expanding AI data-center networks. Rival optoelectronics stocks were comparatively weaker, highlighting Lumentum’s current position as a preferred AI connectivity play. Lumentum Climbs 4% as the AI Optics Trade Extends a Second Session
• Positive Sentiment: Order-flow data signaled strong demand. A reported “Power Inflow” alert indicated substantial institutional and retail buying pressure, reinforcing the bullish technical momentum behind LITE’s advance. Lumentum Shares Rise Over 4% After Key Trading Signal
• Neutral Sentiment: New product ramps support the growth outlook but raise execution demands. Lumentum’s 1.6T transceivers and 200G lasers are being ramped to address AI networking demand, while capacity expansion and tight supply could support revenue growth. Lumentum’s 1.6T & 200G Ramp Faces Cisco & NVIDIA Competition
• Negative Sentiment: Insider sales remain a modest overhang. Insider Yuen Wupen sold a combined 1,000 shares for approximately $853,195 across August 24 and August 26. Both transactions were conducted under a pre-arranged Rule 10b5-1 plan and represented only about 0.54% of the insider’s holdings in each sale, reducing their significance as a bearish signal. SEC Insider Trading Filing
• Negative Sentiment: Competition could pressure future growth and margins. Cisco and NVIDIA are developing competing solutions as Lumentum expands its AI connectivity products, creating execution and pricing risks despite currently strong demand.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Citic Securities lifted their target price on shares of Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. Wolfe Research restated an “outperform” rating on shares of Lumentum in a research report on Friday, August 21st. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. UBS Group set a $820.00 price objective on Lumentum in a research note on Wednesday, August 12th. Finally, Craig Hallum increased their target price on Lumentum from $900.00 to $1,150.00 in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,044.67.

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.