Meiji Yasuda Asset Management Co Ltd. Acquires Shares of 2,547 Lumentum Holdings Inc. $LITE

Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,547 shares of the technology company’s stock, valued at approximately $2,185,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nomura Asset Management Co. Ltd. raised its position in Lumentum by 45.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock valued at $136,306,000 after purchasing an additional 114,714 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Lumentum in the 1st quarter valued at $2,046,000. Styrax Capital LP raised its holdings in shares of Lumentum by 3.6% during the 1st quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock worth $98,386,000 after buying an additional 4,837 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Lumentum by 21,806.5% during the 1st quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock worth $57,183,000 after buying an additional 73,706 shares during the last quarter. Finally, Andar Capital Management HK Ltd acquired a new stake in Lumentum in the fourth quarter valued at about $4,325,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $830.17 on Tuesday. The firm has a market cap of $74.47 billion, a PE ratio of -10.10 and a beta of 1.50. The firm’s fifty day moving average is $807.22 and its 200-day moving average is $795.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. Lumentum Holdings Inc. has a 52 week low of $119.25 and a 52 week high of $1,085.68.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.26. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. Lumentum’s revenue for the quarter was up 109.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Sell-side analysts predict that Lumentum Holdings Inc. will post 19.76 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Yuen Wupen sold 500 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $898.15, for a total transaction of $449,075.00. Following the completion of the transaction, the insider directly owned 93,229 shares in the company, valued at $83,733,626.35. This trade represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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, insider Vincent Retort sold 2,483 shares of Lumentum stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $827.82, for a total value of $2,055,477.06. Following the completion of the transaction, the insider directly owned 109,438 shares in the company, valued at approximately $90,594,965.16. This represents a 2.22% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 16,352 shares of company stock worth $14,315,562. Corporate insiders own 0.43% of the company’s stock.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analyst estimates increased. Northland Securities raised its Q1 EPS estimates for Lumentum, suggesting improving expectations for the company’s near-term profitability. Q1 EPS Estimates for Lumentum Raised by Northland Securities
• Positive Sentiment: AI demand and guidance remain potential catalysts. Lumentum’s latest results included sharply higher sales, revenue growth of 109.3% year over year, and Q1 fiscal 2027 EPS guidance of $4.05 to $4.35. These trends support the view that demand for optical components used in AI infrastructure could drive better results ahead. Lumentum stock sinks. Why better times may be ahead
• Neutral Sentiment: Strong operating performance is competing with valuation concerns. Lumentum exceeded quarterly EPS and revenue estimates, but investors are reassessing whether its substantial year-to-date gains already reflect much of the AI opportunity. The stock has pulled back 10.55% over the past week and 4.84% over the past three months. Lumentum Holdings (LITE) As AI Demand And Fresh Guidance Put Valuation In Focus
• Negative Sentiment: Reported losses and peer weakness pressured sentiment. Despite adjusted earnings and revenue beats, Lumentum swung to a sizeable net loss. Shares also declined alongside optical-communications peers Coherent and Applied Optoelectronics, with Applied Optoelectronics’ planned $600 million equity offering adding concern about dilution and broader sector conditions. Coherent and Lumentum AI optics suppliers earnings analysis
• Negative Sentiment: Insider selling may weigh on confidence. CEO Michael Hurlston sold 6,185 shares valued at approximately $5.1 million, reducing his direct holdings by about 5%; an SVP also sold roughly $1.6 million in stock. These transactions do not necessarily indicate deteriorating fundamentals but can add short-term selling pressure. Lumentum CEO stock sale

Analyst Ratings Changes

A number of research analysts have recently commented on LITE shares. Morgan Stanley increased their target price on shares of Lumentum from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. Weiss Ratings lowered shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. Mizuho upped their price target on shares of Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Rosenblatt Securities restated a “buy” rating and set a $1,300.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. Finally, TD Cowen upped their target price on Lumentum from $800.00 to $820.00 and gave the stock a “hold” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,044.67.

Lumentum Company Profile

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.