Eurizon Capital SGR S.p.A. Buys Shares of 1,753 Lumentum Holdings Inc. $LITE

Eurizon Capital SGR S.p.A. bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the fourth quarter, HoldingsChannel.com reports. The fund bought 1,753 shares of the technology company’s stock, valued at approximately $648,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LITE. Arrowstreet Capital Limited Partnership boosted its stake in Lumentum by 8,579.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after acquiring an additional 1,545,199 shares during the period. Assenagon Asset Management S.A. boosted its stake in Lumentum by 707.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock valued at $366,555,000 after acquiring an additional 871,249 shares during the period. Holocene Advisors LP acquired a new position in Lumentum in the third quarter valued at approximately $136,401,000. WT Asset Management Ltd boosted its position in shares of Lumentum by 170.0% during the third quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock worth $115,558,000 after buying an additional 447,208 shares during the period. Finally, Voloridge Investment Management LLC boosted its position in shares of Lumentum by 107.5% during the third quarter. Voloridge Investment Management LLC now owns 644,194 shares of the technology company’s stock worth $104,817,000 after buying an additional 333,734 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LITE. Needham & Company LLC boosted their price objective on Lumentum from $880.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Morgan Stanley boosted their price objective on Lumentum from $710.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Bank of America boosted their price objective on Lumentum to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Mizuho set a $1,100.00 price objective on Lumentum in a research report on Wednesday, May 6th. Finally, Citigroup boosted their price objective on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.95.

Lumentum Stock Performance

LITE opened at $938.00 on Thursday. The company has a market capitalization of $72.98 billion, a price-to-earnings ratio of 173.70 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. Lumentum Holdings Inc. has a 1-year low of $79.50 and a 1-year high of $1,085.68. The business has a 50 day moving average price of $875.70 and a two-hundred day moving average price of $600.97.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The firm had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm’s revenue for the quarter was up 90.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Research analysts predict that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Insider Transactions at Lumentum

In other Lumentum news, Director Ian Small sold 4,954 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total value of $4,300,418.78. Following the completion of the sale, the director directly owned 21,008 shares in the company, valued at $18,236,414.56. This represents a 19.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jae Kim sold 1,422 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $1,356,516.90. Following the completion of the sale, the senior vice president owned 32,333 shares of the company’s stock, valued at $30,844,065.35. This trade represents a 4.21% decrease in their ownership of the stock. 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. Insiders sold a total of 39,844 shares of company stock valued at $37,443,107 over the last three months. 0.43% of the stock is owned by company insiders.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Northland Securities raised its price target on Lumentum and kept an Outperform rating, reinforcing the bullish case for more upside. Northland Securities adjusts PT on Lumentum
• Positive Sentiment: Market commentary highlighted Nvidia’s shift from copper to optical interconnects in AI data centers, putting Lumentum at the center of a major long-term growth theme. Nvidia optics shift puts Lumentum at center of AI data centers
• Positive Sentiment: Optical networking stocks broadly rallied as investors piled into AI-related infrastructure names, which has helped lift sentiment toward Lumentum alongside peers like Coherent and Corning. Why Coherent and Lumentum stocks jumped on Tuesday
• Neutral Sentiment: One article noted that a director sold 4,000 shares, but the sale was made under a pre-arranged 10b5-1 plan, so it is less likely to be interpreted as a negative fundamental signal. Director Isaac Hosojiro Harris sells 4,000 shares

Lumentum 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.