Fifth Third Bancorp Grows Position in Lumentum Holdings Inc. $LITE

Fifth Third Bancorp increased its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 2,431.9% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 19,546 shares of the technology company’s stock after buying an additional 18,774 shares during the quarter. Fifth Third Bancorp’s holdings in Lumentum were worth $13,736,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LITE. Nomura Asset Management Co. Ltd. grew its holdings in shares of Lumentum by 45.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock worth $136,306,000 after acquiring an additional 114,714 shares during the period. Andar Capital Management HK Ltd bought a new position in Lumentum in the fourth quarter valued at about $4,325,000. Whittier Trust Co. lifted its holdings in Lumentum by 21,806.5% in the first quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock valued at $57,183,000 after acquiring an additional 73,706 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Lumentum in the fourth quarter worth about $6,755,000. Finally, Maxi Investments CY Ltd purchased a new position in Lumentum in the fourth quarter worth about $2,212,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LITE shares. Northland Securities upped their price target on shares of Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Needham & Company LLC reissued a “buy” rating and issued a $1,040.00 price objective on shares of Lumentum in a report on Tuesday, June 9th. Mizuho set a $1,100.00 price objective on shares of Lumentum in a report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their target price on shares of Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Rosenblatt Securities increased their price target on shares of Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and an average price target of $1,012.67.

Lumentum Price Performance

NASDAQ LITE opened at $814.80 on Wednesday. Lumentum Holdings Inc. has a 12 month low of $94.32 and a 12 month high of $1,085.68. The stock has a market cap of $63.39 billion, a price-to-earnings ratio of 150.89 and a beta of 1.48. The company’s 50 day moving average is $876.03 and its two-hundred day moving average is $705.88. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. The business had revenue of $808.40 million for the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company’s revenue for the quarter was up 90.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, research analysts anticipate that Lumentum Holdings Inc. will post 6.4 earnings per share for the current year.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: UBS said rising data-center investment should support demand for companies like Lumentum, reinforcing the AI-optics growth narrative. ANET, CLS, EXTR, LITE stock in focus — UBS sees data center investments to drive demand, but supply constraints persist
• Positive Sentiment: Commentary highlighting Lumentum as an optical company trading like a semiconductor suggests the market is valuing it more like a high-growth AI infrastructure beneficiary. Lumentum: An Optical Company Trading Like A Semiconductor
• Positive Sentiment: Another article framed the recent AI-optical selloff as a buying opportunity, which may be encouraging dip-buying in LITE and peers. The AI Optical Selloff Is A Gift – 3 Stocks I’m Buying
• Positive Sentiment: Reports on Lumentum’s planned fiscal Q4 and full-year 2026 results keep attention on upcoming catalysts, which can support trading interest. Lumentum Announces Reporting Date for Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Coverage on AI-driven optical networking demand and co-packaged optics adoption points to a favorable longer-term growth story for Lumentum.

Insider Activity

In other Lumentum news, CFO Wajid Ali sold 2,487 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $2,372,473.65. Following the completion of the sale, the chief financial officer owned 60,951 shares in the company, valued at approximately $58,144,206.45. This represents a 3.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the completion of the sale, the director owned 6,984 shares of the company’s stock, 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. Over the last ninety days, insiders sold 41,260 shares of company stock worth $38,859,220. 0.43% of the stock is currently owned by insiders.

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.