4,605 Lumentum Holdings Inc. $LITE Shares Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. boosted its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 25.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,982 shares of the technology company’s stock after buying an additional 4,605 shares during the period. Rakuten Investment Management Inc.’s holdings in Lumentum were worth $22,373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LITE. Burkett Financial Services LLC acquired a new position in shares of Lumentum in the 3rd quarter valued at $28,000. Putney Financial Group LLC bought a new position in shares of Lumentum in the 3rd quarter worth $28,000. Signature Equity Partners LLC boosted its position in shares of Lumentum by 220.0% in the 3rd quarter. Signature Equity Partners LLC now owns 32 shares of the technology company’s stock worth $31,000 after purchasing an additional 22 shares during the last quarter. Sachetta LLC grew its stake in shares of Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after purchasing an additional 19 shares during the period. Finally, Latitude Advisors LLC acquired a new stake in shares of Lumentum during the third quarter worth $40,000. 94.05% of the stock is owned by institutional investors.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum issued strong fiscal Q2 2027 guidance: EPS of $5.90–$6.20 versus the $4.98 consensus and revenue of about $1.6 billion versus $1.5 billion expected. Its latest quarter also beat EPS estimates, with revenue up 136.5% year over year. Lumentum beats quarterly earnings and revenue estimates
• Positive Sentiment: The proposed combination with Marvell is intended to unite Lumentum’s optical components with Marvell’s custom chips and networking products, positioning the companies to benefit from rising AI data-center connectivity demand. Lumentum transaction details
• Neutral Sentiment: Some analysts still see potential upside, though their targets have been cut sharply: Susquehanna lowered its target to $950 and Rosenblatt to $900, while retaining positive or buy ratings. Susquehanna analyst rating
• Negative Sentiment: The $115 billion all-stock deal gives Lumentum holders 4.5 Marvell shares per share of Lumentum, so the offer’s value moves with Marvell’s stock. Deal skepticism and declines in both companies’ market values have fueled concerns about dilution, the transaction price and limited near-term upside. Merger doubts and market value losses
• Negative Sentiment: Shareholder law firms are investigating whether the sale is fair, while TD Cowen cut its target to $685 and B. Riley downgraded Lumentum to neutral with a lower $770 target. These developments add to investor uncertainty around the deal. Shareholder investigation announcement

Lumentum Price Performance

Shares of LITE stock opened at $680.16 on Wednesday. Lumentum Holdings Inc. has a 12-month low of $184.20 and a 12-month high of $1,143.00. The firm has a market capitalization of $61.61 billion, a price-to-earnings ratio of -8.64 and a beta of 1.64. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $916.26 and a 200-day moving average of $798.35.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Monday, November 2nd. The technology company reported $4.57 EPS for the quarter, topping the consensus estimate of $4.22 by $0.35. Lumentum had a positive return on equity of 33.33% and a negative net margin of 175.82%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the business posted $1.10 EPS. The firm’s revenue was up 136.5% compared to the same quarter last year. On average, equities research analysts forecast that Lumentum Holdings Inc. will post 19.79 earnings per share for the current year.

Insider Buying and Selling at Lumentum

In related news, CEO Michael E. Hurlston sold 548 shares of the 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 completion of the sale, the chief executive officer directly owned 186,951 shares of the company’s stock, valued at approximately $179,222,445.66. This represents a 0.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vincent Retort sold 38,663 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $852.59, for a total value of $32,963,687.17. Following the sale, the insider directly owned 78,440 shares of the company’s stock, valued at approximately $66,877,159.60. The trade was a 33.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 94,496 shares of company stock worth $85,978,498 over the last three months. Company insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

LITE has been the subject of a number of recent analyst reports. Wolfe Research reiterated an “outperform” rating on shares of Lumentum in a report on Friday, August 21st. Mizuho set a $1,132.00 target price on Lumentum in a report on Monday. Morgan Stanley boosted their target price on Lumentum from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. Stonex Financia raised Lumentum to a “strong-buy” rating in a research note on Monday, October 26th. Finally, Bank of America lowered their price target on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,046.54.

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.