Lumentum Holdings Inc. $LITE Shares Acquired by Strategy Asset Managers LLC

Strategy Asset Managers LLC grew its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 375.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,294 shares of the technology company’s stock after acquiring an additional 1,022 shares during the period. Strategy Asset Managers LLC’s holdings in Lumentum were worth $1,257,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jupiter Topco LLC bought a new position in shares of Lumentum in the second quarter valued at approximately $1,621,396,000. WT Asset Management Ltd purchased a new position in Lumentum during the second quarter valued at approximately $494,688,000. Legal & General Group Plc purchased a new position in Lumentum during the second quarter valued at approximately $376,539,000. Amundi grew its stake in 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 Lumentum by 163.2% during the 1st quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock worth $398,590,000 after acquiring an additional 351,676 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum Price Performance

Shares of Lumentum stock opened at $896.33 on Thursday. The firm has a market capitalization of $81.19 billion, a PE ratio of -10.90 and a beta of 1.53. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 12 month low of $152.54 and a 12 month high of $1,143.00. The business’s 50-day moving average price is $932.17 and its 200-day moving average price is $875.26.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. Lumentum’s quarterly revenue was up 109.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Sell-side analysts forecast that Lumentum Holdings Inc. will post 19.79 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on LITE. JPMorgan Chase & Co. increased their target price 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. Morgan Stanley boosted their price target on shares of Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 12th. Evercore assumed coverage on shares of Lumentum in a research report on Monday, August 31st. They set an “outperform” rating and a $1,100.00 price target for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 price target on shares of Lumentum in a report on Monday, October 5th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Lumentum in a research report on Friday, August 21st. Sixteen 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,078.75.

Trending Headlines about Lumentum

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 AI-related growth prospects. Stifel raised target for Lumentum stock
• Positive Sentiment: Recent commentary highlights Lumentum’s substantial backlog, demand that is exceeding supply, and optical-component commitments extending through 2029. These trends support expectations for sustained AI data-center revenue growth. Lumentum long-term AI optics commitments
• Positive Sentiment: Lumentum, Astera Labs and Corning demonstrated PCIe-over-optics technology for AI rack-scale systems at the OCP Global Summit, reinforcing the company’s strategic role in next-generation data-center connectivity. PCIe-over-optics demonstration
• Positive Sentiment: Analysts and investment commentators remain constructive on LITE’s long-term outlook, citing rising free cash flow, approximately $1.1 billion in net cash, and potential fiscal 2027 revenue growth of about 70%. Lumentum free cash flow outlook
• Neutral Sentiment: Coverage describing Lumentum as a leading photonics supplier and a major AI-infrastructure beneficiary may support investor interest, but much of the optimism appears reflected in the stock’s substantial prior gains. Lumentum photonics overview
• Negative Sentiment: Optical-networking stocks, including Lumentum, Coherent and Applied Optoelectronics, are under pressure amid concerns that AI infrastructure projects may face funding constraints or slower spending growth. AI funding fears hit optical stocks
• Negative Sentiment: Zacks Research downgraded Lumentum from “strong buy” to “hold,” while other reports warn that the stock’s sharp 2026 advance and elevated valuation leave it vulnerable to profit-taking. Zacks Lumentum momentum analysis

Insider Activity

In other Lumentum news, insider Vincent Retort sold 38,663 shares of Lumentum stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $852.59, for a total transaction of $32,963,687.17. Following the transaction, the insider directly owned 78,440 shares of the company’s stock, valued at approximately $66,877,159.60. This trade represents a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $852.58, for a total transaction of $10,230,960.00. Following the completion of the sale, the senior vice president owned 37,804 shares of the company’s stock, valued at approximately $32,230,934.32. The trade was a 24.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 94,496 shares of company stock valued at $85,978,498. Insiders own 0.28% of the company’s stock.

Lumentum Company Profile

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.