Lumentum Holdings Inc. $LITE Stock Purchased by Generate Investment Management Ltd

Generate Investment Management Ltd increased its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 299.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,855 shares of the technology company’s stock after buying an additional 47,855 shares during the period. Lumentum accounts for about 2.4% of Generate Investment Management Ltd’s holdings, making the stock its 12th largest holding. Generate Investment Management Ltd’s holdings in Lumentum were worth $62,020,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jupiter Topco LLC bought a new stake in Lumentum in the second quarter worth $1,621,396,000. WT Asset Management Ltd purchased a new stake in shares of Lumentum in the second quarter worth $494,688,000. Legal & General Group Plc purchased a new stake in shares of Lumentum in the second quarter worth $376,539,000. Amundi increased its holdings in shares of Lumentum by 188.7% during the second 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 in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Lumentum by 163.2% during the first 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 in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Stock Performance

NASDAQ:LITE traded down $71.68 during mid-day trading on Wednesday, reaching $916.31. The company’s stock had a trading volume of 3,002,141 shares, compared to its average volume of 5,476,681. Lumentum Holdings Inc. has a 12-month low of $152.54 and a 12-month high of $1,143.00. The firm’s fifty day moving average price is $930.77 and its two-hundred day moving average price is $873.79. 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 market cap of $83.00 billion, a P/E ratio of -11.16 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. During the same period in the previous year, the business posted $0.88 earnings per share. The business’s revenue for the quarter was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, equities analysts forecast that Lumentum Holdings Inc. will post 19.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target 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. Weiss Ratings lowered shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. Rosenblatt Securities restated a “buy” rating and set a $1,300.00 price objective on shares of Lumentum in a research note on Monday, October 5th. UBS Group set a $820.00 target price on shares of Lumentum in a report on Wednesday, August 12th. Finally, Sanford C. Bernstein began coverage on shares of Lumentum in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $1,220.00 target price on the stock. Sixteen equities research analysts have rated the stock with a Buy rating, six 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 an average target price of $1,078.75.

Insiders Place Their Bets

In other Lumentum news, CFO Wajid Ali sold 24,542 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the transaction, the chief financial officer directly owned 75,074 shares of the company’s stock, valued at approximately $78,715,089. This trade represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 307 shares of the company’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total transaction of $290,115.00. Following the sale, the insider directly owned 108,320 shares of the company’s stock, valued at $102,362,400. The trade was a 0.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 94,496 shares of company stock valued at $85,978,498. Company insiders own 0.28% of the company’s stock.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Stifel raised its price target for Lumentum from $1,100 to $1,232, signaling continued confidence in the company’s growth prospects. Stifel raised target for Lumentum stock
• Positive Sentiment: Lumentum’s order book is reportedly booked through early 2029, with demand exceeding available supply. This backlog supports revenue visibility and reinforces the company’s exposure to AI data-center buildouts. Lumentum’s Massive Backlog and Demand Justify Buying at Today’s Price
• Positive Sentiment: Recent commentary highlights potential for strong fiscal 2027 growth, improving free cash flow and a net cash position of approximately $1.1 billion. Lumentum also participated in a PCIe-over-optics demonstration for AI rack-scale systems. Lumentum: The Free Cash Flow Inflection
• Neutral Sentiment: Analyst views are mixed: Zacks Research downgraded Lumentum from “strong buy” to “hold,” while other coverage continues to describe the stock as a momentum or AI investment candidate.
• Negative Sentiment: Optical-networking stocks are experiencing a broad selloff after substantial year-to-date gains. Investors are taking profits and questioning whether AI infrastructure spending can remain durable enough to support current valuations. AI Funding Fears Hit Optical Networking Trade
• Negative Sentiment: Lumentum’s premium valuation makes the stock vulnerable to multiple compression if investors become less confident in long-term AI demand, even though product commitments and backlog remain strong. Lumentum Is Down After Long-Term AI Optics Commitments Raise Demand Questions

About Lumentum

Lumentum Holdings Inc is a photonics and optical technology company that develops and manufactures products used to transmit, process and manage light. Its solutions support communications networks, data centers, cloud computing infrastructure, industrial applications, and other technology markets that rely on high-speed optical connectivity and precision lasers.

The company’s product portfolio includes optical components and modules for telecommunications and networking, lasers and laser systems, optical amplifiers, wavelength-management products, and photonic subsystems.