Mitsubishi UFJ Trust & Banking Corp Increases Holdings in Lumentum Holdings Inc. $LITE

Mitsubishi UFJ Trust & Banking Corp raised its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 48.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,507 shares of the technology company’s stock after acquiring an additional 3,744 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Lumentum were worth $1,872,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in Lumentum during the 2nd quarter valued at about $38,000. MAI Capital Management grew its holdings in shares of Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after buying an additional 96 shares during the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Lumentum during the third quarter valued at approximately $49,000. Advisors Asset Management Inc. increased its position in shares of Lumentum by 36.8% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after acquiring an additional 254 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in Lumentum by 224.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 704 shares of the technology company’s stock worth $67,000 after acquiring an additional 487 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

LITE has been the subject of a number of research analyst reports. Susquehanna lifted their target price on Lumentum from $230.00 to $420.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. JPMorgan Chase & Co. lifted their price objective on Lumentum from $145.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Raymond James Financial lowered Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 target price for the company. in a research report on Friday, October 31st. Rosenblatt Securities raised their price target on shares of Lumentum to $380.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Finally, Morgan Stanley lifted their price target on shares of Lumentum to $350.00 and gave the stock an “equal weight” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $288.06.

Insider Activity

In other news, Director Pamela Fletcher sold 3,421 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total value of $935,746.13. Following the completion of the sale, the director directly owned 10,561 shares in the company, valued at $2,888,750.33. This represents a 24.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Isaac Hosojiro Harris sold 7,200 shares of Lumentum stock in a transaction on Friday, November 7th. The shares were sold at an average price of $243.32, for a total value of $1,751,904.00. Following the transaction, the director owned 9,764 shares in the company, valued at $2,375,776.48. This trade represents a 42.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 28,612 shares of company stock worth $7,317,398. Company insiders own 0.43% of the company’s stock.

Lumentum Price Performance

NASDAQ LITE opened at $391.84 on Friday. The company has a 50-day moving average price of $350.73 and a 200-day moving average price of $224.53. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $448.00. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77. The firm has a market capitalization of $27.78 billion, a P/E ratio of 262.98 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The company had revenue of $533.80 million for the quarter, compared to the consensus estimate of $525.10 million. During the same quarter last year, the firm posted $0.18 earnings per share. The firm’s revenue was up 58.4% compared to the same quarter last year. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Equities research analysts anticipate that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

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.