Lumentum Holdings Inc. $LITE Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 13.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 205,002 shares of the technology company’s stock after acquiring an additional 24,748 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Lumentum were worth $199,110,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LITE. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Lumentum in the 1st quarter worth about $2,046,000. Styrax Capital LP boosted its stake 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 purchasing an additional 4,837 shares during the last quarter. Whittier Trust Co. boosted its holdings in shares of Lumentum by 21,806.5% in the 1st quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock valued at $57,183,000 after purchasing an additional 73,706 shares during the last quarter. Swiss National Bank grew its position in Lumentum by 47.2% during the first quarter. Swiss National Bank now owns 208,015 shares of the technology company’s stock valued at $146,185,000 after acquiring an additional 66,700 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Lumentum by 335,933.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 30,243 shares of the technology company’s stock valued at $23,356,000 after buying an additional 30,234 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lumentum

In other news, CEO Michael Hurlston sold 548 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $958.66, for a total transaction of $525,345.68. Following the sale, the chief executive officer directly owned 186,951 shares in the company, valued at approximately $179,222,445.66. The trade was a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jae Kim sold 12,000 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president directly owned 37,804 shares of the company’s stock, valued at $32,230,934.32. The trade was a 24.09% 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. Insiders have sold 94,496 shares of company stock valued at $85,978,498 in the last three months. Company insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LITE shares. Zacks Research cut Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. UBS Group set a $820.00 target price on Lumentum in a report on Wednesday, August 12th. Bank of America reduced their price target on shares of Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a research report on Wednesday, August 12th. TD Cowen raised their price objective on shares of Lumentum from $800.00 to $820.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. Finally, Morgan Stanley lifted their price target on Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,080.83.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $840.70 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The stock has a market capitalization of $76.15 billion, a P/E ratio of -10.23 and a beta of 1.53. The business has a 50-day moving average of $922.90 and a two-hundred day moving average of $795.00. Lumentum Holdings Inc. has a fifty-two week low of $184.20 and a fifty-two week high of $1,143.00.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Monday, November 2nd. The technology company reported $4.57 EPS for the quarter, beating analysts’ consensus estimates of $4.22 by $0.35. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. On average, equities research analysts predict that Lumentum Holdings Inc. will post 19.79 EPS for the current fiscal year.

Trending Headlines about 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

Lumentum Company Profile

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.