Mirae Asset Global Investments Co. Ltd. Acquires 101,248 Shares of Lumentum Holdings Inc. $LITE

Mirae Asset Global Investments Co. Ltd. bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the 3rd quarter, HoldingsChannel reports. The firm bought 101,248 shares of the technology company’s stock, valued at approximately $98,338,000.

Other institutional investors have also modified their holdings of the company. Red Spruce Capital LLC raised its position in shares of Lumentum by 0.4% during the 3rd quarter. Red Spruce Capital LLC now owns 3,200 shares of the technology company’s stock worth $3,108,000 after purchasing an additional 12 shares during the last quarter. CYBER HORNET ETFs LLC boosted its holdings in Lumentum by 7.2% in the 2nd quarter. CYBER HORNET ETFs LLC now owns 209 shares of the technology company’s stock worth $179,000 after buying an additional 14 shares during the last quarter. Hilltop National Bank boosted its holdings in Lumentum by 26.8% in the 2nd quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock worth $61,000 after buying an additional 15 shares during the last quarter. Sachetta LLC boosted its holdings in Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after buying an additional 19 shares during the last quarter. Finally, Kieckhefer Group LLC increased its stake in Lumentum by 0.8% during the 3rd quarter. Kieckhefer Group LLC now owns 3,191 shares of the technology company’s stock worth $3,099,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analysts Set New Price Targets

LITE has been the subject of several research reports. Wolfe Research reiterated an “outperform” rating on shares of Lumentum in a research note on Friday, August 21st. Sanford C. Bernstein initiated coverage on Lumentum in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $1,220.00 price target on the stock. Weiss Ratings cut Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. Stifel Nicolaus boosted their price target on Lumentum from $1,100.00 to $1,232.00 and gave the stock a “buy” rating in a research report on Monday, October 5th. Finally, Citigroup increased their price objective on Lumentum from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a research note on Monday, September 28th. One 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,080.83.

Insider Activity

In related news, insider Vincent Retort sold 38,663 shares of Lumentum stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $852.59, for a total transaction of $32,963,687.17. Following the transaction, the insider owned 78,440 shares in the company, valued at approximately $66,877,159.60. This trade represents a 33.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Hurlston sold 548 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $958.66, for a total transaction of $525,345.68. Following the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 94,496 shares of company stock valued at $85,978,498 in the last 90 days. 0.28% of the stock is owned by insiders.

Lumentum Stock Down 8.6%

Shares of NASDAQ LITE opened at $840.70 on Friday. The stock has a market cap of $76.15 billion, a PE ratio of -10.23 and a beta of 1.53. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 12-month low of $184.20 and a 12-month high of $1,143.00. The company has a 50-day moving average of $922.90 and a 200 day moving average of $795.00.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business’s revenue was up 109.3% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, sell-side analysts predict that Lumentum Holdings Inc. will post 19.79 EPS for the current fiscal year.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Marvell Technology reportedly remains in advanced discussions to acquire Lumentum, potentially valuing the optical-components company at roughly $83 billion. A transaction could provide takeover support for LITE and combine Lumentum’s photonics assets with Marvell’s AI data-center networking business. However, the talks remain unconfirmed. Marvell Is Said to Near Deal for Lumentum
• Positive Sentiment: Lumentum’s fundamental AI investment case remains strong. Recent results showed approximately $1.01 billion in quarterly revenue, up 109% year over year, and adjusted earnings of $3.23 per share. Management also projected current-quarter revenue of $1.225 billion to $1.275 billion, above Wall Street expectations. Record cloud-transceiver shipments and the rollout of 1.6T products are supporting demand. LITE’s Transceivers Gain From AI Infrastructure Demand
• Neutral Sentiment: Lumentum’s lasers and optical components are increasingly important as AI clusters outgrow copper-based connectivity. NVIDIA’s $2 billion investment and purchase commitment further validate the strategy, although the stock’s sharp multimonth rally has made portfolio concentration and valuation key considerations. Lumentum’s 680% Run Created a New Portfolio Problem
• Negative Sentiment: Investors are increasingly concerned that Big Tech earnings could signal slower or more disciplined hyperscaler capital spending, pressuring the entire AI-optics supply chain. Lumentum is also vulnerable to deal uncertainty: a large, potentially all-stock Marvell transaction could create dilution and integration risk, while failure to reach an agreement would remove a near-term takeover catalyst. Hyperscaler Spending Fears Hit AI Optics Stocks

Lumentum 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.