Lumentum Holdings Inc. $LITE Stake Increased by ProShare Advisors LLC

ProShare Advisors LLC increased its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 17.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,383 shares of the technology company’s stock after purchasing an additional 15,050 shares during the quarter. ProShare Advisors LLC owned 0.11% of Lumentum worth $100,412,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Jupiter Topco LLC acquired a new position in shares of Lumentum during the 2nd quarter valued at $1,621,396,000. Amundi increased its holdings in Lumentum by 188.7% in the 2nd quarter. Amundi now owns 658,427 shares of the technology company’s stock valued at $564,970,000 after purchasing an additional 430,355 shares in the last quarter. WT Asset Management Ltd acquired a new stake in Lumentum in the 2nd quarter valued at $494,688,000. Janus Henderson Group PLC increased its holdings in Lumentum by 163.2% in the 1st quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock valued at $398,590,000 after purchasing an additional 351,676 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in Lumentum in the second quarter valued at about $376,539,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum reported quarterly EPS of $4.57, exceeding the $4.22 analyst consensus, while revenue of $1.26 billion also topped expectations of $1.25 billion. The earnings surprise strengthens the case for continued demand from AI and optical-networking customers. Lumentum quarterly earnings release
• Positive Sentiment: Reports indicate Marvell is in advanced, potentially all-stock discussions to acquire Lumentum for approximately $83 billion. A transaction could provide LITE shareholders with a takeover premium and combine Lumentum’s optical components with Marvell’s AI-networking business, though no deal has been confirmed. Marvell takeover report
• Neutral Sentiment: Trading in LITE was temporarily halted for “news pending,” underscoring the market sensitivity surrounding the earnings release and acquisition reports. The halt itself does not confirm that a transaction will occur. Lumentum takeover talks report
• Negative Sentiment: Valuation remains a concern. One analysis rated Lumentum a Sell with an estimated fair value of $400 per share, arguing that AI-driven growth, supply shortages and unusually high margins may already be reflected in the stock and could weaken as capacity expands. Customer bargaining power and high reinvestment needs may also limit free-cash-flow growth. Lumentum valuation analysis

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LITE shares. Mizuho boosted their price objective on Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. increased their target price on Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Rosenblatt Securities reiterated a “buy” rating and set a $1,300.00 target price on shares of Lumentum in a report on Monday, October 5th. Weiss Ratings downgraded Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. Finally, Wolfe Research reissued an “outperform” rating on shares of Lumentum in a research report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $1,080.83.

Insider Activity at Lumentum

In other news, CEO Michael Hurlston sold 548 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $958.66, for a total transaction of $525,345.68. Following the completion of the sale, the chief executive officer owned 186,951 shares of the company’s stock, valued at approximately $179,222,445.66. This trade represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Yuen Wupen sold 1,500 shares of Lumentum stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $827.82, for a total transaction of $1,241,730.00. Following the completion of the sale, the insider owned 100,434 shares of the company’s stock, valued at approximately $83,141,273.88. This trade represents a 1.47% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 94,496 shares of company stock worth $85,978,498. 0.28% of the stock is currently owned by insiders.

Lumentum Stock Performance

NASDAQ:LITE opened at $840.70 on Monday. The stock has a market cap of $76.15 billion, a price-to-earnings ratio of -10.23 and a beta of 1.53. Lumentum Holdings Inc. has a one year low of $184.20 and a one year high of $1,143.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. The business’s 50-day simple moving average is $922.90 and its 200 day simple moving average is $795.00.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Monday, November 2nd. The technology company reported $4.57 earnings per share for the quarter, beating analysts’ consensus estimates of $4.22 by $0.35. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. As a group, sell-side analysts predict that Lumentum Holdings Inc. will post 19.79 earnings per share for the current fiscal year.

About Lumentum

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.