Fourier Capital Management Ltd Takes $2.43 Million Position in Lumentum Holdings Inc. $LITE

Fourier Capital Management Ltd acquired a new position in Lumentum Holdings Inc. (NASDAQ:LITE) during the fourth quarter, Holdings Channel reports. The firm acquired 6,599 shares of the technology company’s stock, valued at approximately $2,432,000. Lumentum makes up approximately 2.6% of Fourier Capital Management Ltd’s holdings, making the stock its 13th biggest holding.

Several other institutional investors have also modified their holdings of LITE. EverSource Wealth Advisors LLC grew its holdings in Lumentum by 363.9% during the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after acquiring an additional 131 shares during the period. V Square Quantitative Management LLC bought a new stake in Lumentum in the fourth quarter worth about $28,000. Danske Bank A S bought a new stake in Lumentum in the third quarter worth about $33,000. Chesapeake Asset Management LLC bought a new stake in Lumentum in the fourth quarter worth about $37,000. Finally, BOCHK Asset Management Ltd bought a new stake in Lumentum in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Price Performance

NASDAQ LITE opened at $1,030.10 on Thursday. The stock’s 50-day moving average price is $798.01 and its two-hundred day moving average price is $526.37. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The company has a market cap of $80.14 billion, a PE ratio of 190.76 and a beta of 1.53. Lumentum Holdings Inc. has a 1 year low of $71.04 and a 1 year high of $1,085.68.

Lumentum (NASDAQ:LITE) last released its 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. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The company had revenue of $808.40 million for the quarter, compared to analysts’ expectations of $810.21 million. During the same quarter in the previous year, the business posted $0.57 EPS. The business’s revenue for the quarter was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, analysts predict that Lumentum Holdings Inc. will post 6.49 EPS for the current year.

Insider Activity at Lumentum

In other Lumentum news, insider Yuen Wupen sold 3,157 shares of Lumentum stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the transaction, the insider owned 88,439 shares of the company’s stock, valued at $47,580,182. The trade was a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Wajid Ali sold 5,302 shares of Lumentum stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $691.13, for a total value of $3,664,371.26. Following the transaction, the chief financial officer directly owned 66,287 shares in the company, valued at approximately $45,812,934.31. This trade represents a 7.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 29,333 shares of company stock worth $24,049,017. Company insiders own 0.43% of the company’s stock.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum was added to the Nasdaq-100, a major catalyst that can trigger buying from index funds and other benchmark-tracking investors. Lumentum Joins the Nasdaq-100 Index®, Achieving New Milestone in Global Growth
• Positive Sentiment: Recent earnings momentum remains strong, with Lumentum beating estimates and issuing upbeat guidance tied to AI and cloud data center demand. Lumentum Stock Rises 6% After Q3 Earnings: Should You Hold or Fold?
• Positive Sentiment: Wall Street continues to raise expectations: Northland Securities boosted future EPS estimates, and Citic Securities reportedly lifted its price target to $1,186, reinforcing the bull case for further growth. Lumentum (NASDAQ:LITE) Given New $1,186.00 Price Target at Citic Securities
• Neutral Sentiment: Several recent pieces note that Lumentum’s share price has already had a huge run, so some investors are now debating whether the stock is getting stretched after the rally.
• Neutral Sentiment: Commentary also points to potential supply constraints and a premium valuation, which may limit near-term upside even though demand remains very strong.
• Negative Sentiment: Insider selling by executives and directors may create some caution, though the sales were disclosed as part of pre-arranged trading plans and do not necessarily signal a change in fundamentals. Lumentum (NASDAQ:LITE) SVP Sells $1,838,263.67 in Stock

Wall Street Analyst Weigh In

Several equities research analysts have commented on LITE shares. Barclays boosted their price target on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lumentum in a research report on Tuesday, April 21st. Citigroup boosted their price target on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. BNP Paribas Exane boosted their price target on shares of Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. Finally, Zacks Research cut shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,012.43.

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.