Lumentum Holdings Inc. $LITE Stock Acquired by Vise Technologies Inc.

Vise Technologies Inc. boosted its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 70.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,375 shares of the technology company’s stock after purchasing an additional 1,812 shares during the quarter. Vise Technologies Inc.’s holdings in Lumentum were worth $4,250,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Jupiter Topco LLC acquired a new position in shares of Lumentum during the 2nd quarter worth about $1,621,396,000. Amundi increased its stake in shares of Lumentum by 188.7% in the 2nd quarter. Amundi now owns 658,427 shares of the technology company’s stock valued at $564,970,000 after acquiring an additional 430,355 shares during the last quarter. WT Asset Management Ltd acquired a new stake in shares of Lumentum in the 2nd quarter valued at approximately $494,688,000. Janus Henderson Group PLC raised its position in shares of Lumentum by 163.2% in the 1st quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock valued at $398,590,000 after acquiring an additional 351,676 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of Lumentum in the 2nd quarter valued at approximately $376,539,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum issued strong fiscal Q2 2027 guidance: EPS of $5.90–$6.20 versus the $4.98 consensus and revenue of about $1.6 billion versus $1.5 billion expected. Its latest quarter also beat EPS estimates, with revenue up 136.5% year over year. Lumentum beats quarterly earnings and revenue estimates
• Positive Sentiment: The proposed combination with Marvell is intended to unite Lumentum’s optical components with Marvell’s custom chips and networking products, positioning the companies to benefit from rising AI data-center connectivity demand. Lumentum transaction details
• Neutral Sentiment: Some analysts still see potential upside, though their targets have been cut sharply: Susquehanna lowered its target to $950 and Rosenblatt to $900, while retaining positive or buy ratings. Susquehanna analyst rating
• Negative Sentiment: The $115 billion all-stock deal gives Lumentum holders 4.5 Marvell shares per share of Lumentum, so the offer’s value moves with Marvell’s stock. Deal skepticism and declines in both companies’ market values have fueled concerns about dilution, the transaction price and limited near-term upside. Merger doubts and market value losses
• Negative Sentiment: Shareholder law firms are investigating whether the sale is fair, while TD Cowen cut its target to $685 and B. Riley downgraded Lumentum to neutral with a lower $770 target. These developments add to investor uncertainty around the deal. Shareholder investigation announcement

Analysts Set New Price Targets

Several research analysts recently weighed in on LITE shares. JPMorgan Chase & Co. lifted their price objective on shares of Lumentum from $1,165.00 to $1,280.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Jefferies Financial Group upped their target price on shares of Lumentum from $1,200.00 to $1,250.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Mizuho set a $1,132.00 target price on shares of Lumentum in a report on Monday. Evercore started coverage on shares of Lumentum in a report on Monday, August 31st. They issued an “outperform” rating and a $1,100.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Lumentum in a research report on Monday, August 31st. They set a “buy” rating and a $1,200.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,046.54.

Lumentum Stock Down 0.6%

Shares of Lumentum stock opened at $680.16 on Wednesday. The company has a market capitalization of $61.61 billion, a P/E ratio of -8.64 and a beta of 1.64. 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 business has a 50-day moving average of $916.26 and a two-hundred day moving average of $798.35. Lumentum Holdings Inc. has a 1 year low of $184.20 and a 1 year high of $1,143.00.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Monday, November 2nd. The technology company reported $4.57 earnings per share for the quarter, beating the consensus estimate of $4.22 by $0.35. Lumentum had a positive return on equity of 33.33% and a negative net margin of 175.82%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business posted $1.10 EPS. Lumentum’s revenue for the quarter was up 136.5% on a year-over-year basis. As a group, equities analysts predict that Lumentum Holdings Inc. will post 19.79 EPS for the current year.

Insider Activity at Lumentum

In other Lumentum news, insider Yuen Wupen sold 307 shares of Lumentum stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total value of $290,115.00. Following the transaction, the insider owned 108,320 shares of the company’s stock, valued at approximately $102,362,400. The trade was a 0.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total transaction of $25,732,287.00. Following the completion of the transaction, the chief financial officer owned 75,074 shares of the company’s stock, valued at $78,715,089. This trade represents a 24.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 94,496 shares of company stock worth $85,978,498 over the last 90 days. Corporate insiders own 0.28% of the company’s stock.

Lumentum Company Profile

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.