Pictet Asset Management Holding SA Buys 112,076 Shares of Lumentum Holdings Inc. $LITE

Pictet Asset Management Holding SA boosted its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 157.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,399 shares of the technology company’s stock after purchasing an additional 112,076 shares during the quarter. Pictet Asset Management Holding SA owned about 0.20% of Lumentum worth $178,128,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jupiter Topco LLC bought a new stake in shares of Lumentum during the 2nd quarter worth $1,621,396,000. Amundi grew its stake in Lumentum by 188.7% in the 2nd quarter. Amundi now owns 658,427 shares of the technology company’s stock valued at $564,970,000 after buying an additional 430,355 shares during the last quarter. WT Asset Management Ltd acquired a new position in Lumentum in the 2nd quarter valued at $494,688,000. Janus Henderson Group PLC grew its stake in Lumentum by 163.2% in the 1st quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock valued at $398,590,000 after buying an additional 351,676 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in Lumentum in the 2nd quarter worth $376,539,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Wajid Ali sold 24,542 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total transaction of $25,732,287.00. Following the transaction, the chief financial officer owned 75,074 shares in the company, valued at approximately $78,715,089. The trade was a 24.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 307 shares of the company’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total transaction of $290,115.00. Following the transaction, the insider directly owned 108,320 shares of the company’s stock, valued at $102,362,400. This represents a 0.28% decrease in their position. 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. Over the last three months, insiders sold 94,496 shares of company stock valued at $85,978,498. Insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Susquehanna dropped their target price on shares of Lumentum from $1,100.00 to $950.00 and set a “positive” rating on the stock in a report on Tuesday, November 3rd. Wolfe Research restated an “outperform” rating on shares of Lumentum in a report on Friday, August 21st. Zacks Research cut shares of Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Sanford C. Bernstein started coverage on Lumentum in a research report on Wednesday, September 30th. They issued an “outperform” rating and a $1,220.00 price target on the stock. Finally, Mizuho set a $1,132.00 price objective on Lumentum in a research note on Monday, November 2nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lumentum presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,081.61.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Some commentary sees Lumentum as potentially undervalued after Marvell agreed to acquire it, arguing the deal highlights demand for optical interconnects—a potential bottleneck in AI data centers. Lumentum’s shares also rose alongside a broader recovery in optical stocks. Article: Lumentum Holdings Could Be 90% Undervalued Following The Marvell Deal Article: Optical stocks rally
• Neutral Sentiment: The proposed all-stock Marvell deal values Lumentum at about $115 billion, with Lumentum shareholders set to receive 4.5 Marvell shares per share. That is not a fixed cash offer: its implied value will move with Marvell’s stock. The transaction is expected to take time to close and remains subject to regulatory approval. Article: Marvell Agreed to Pay $1,132 a Share for Lumentum
• Positive Sentiment: A bullish technical view says Lumentum is oversold after a steep decline, while analysts’ earnings-estimate increases could support a recovery. Article: Lumentum is Poised for a Turnaround
• Negative Sentiment: Recent pressure reflects a broader sell-off in AI and optical shares, alongside analyst downgrades and lower price expectations. The sharp recent declines suggest investors remain cautious despite the proposed acquisition and the latest rebound. Article: Lumentum Shares Down After Analyst Downgrade Article: AI optical stocks slide

Lumentum Price Performance

LITE opened at $538.59 on Monday. Lumentum Holdings Inc. has a 1-year low of $215.35 and a 1-year high of $1,143.00. The company has a current ratio of 1.61, a quick ratio of 1.27 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $48.85 billion, a price-to-earnings ratio of -6.84 and a beta of 1.64. The business has a 50 day moving average of $894.13 and a 200-day moving average of $801.60.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Monday, November 2nd. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.22 by $0.35. Lumentum had a negative net margin of 175.82% and a positive return on equity of 28.85%. 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 company posted $1.10 earnings per share. Lumentum’s quarterly revenue was up 136.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Lumentum Holdings Inc. will post 19.93 earnings per share for the current year.

About Lumentum

Lumentum Holdings Inc develops and manufactures optical and photonic products used in communications networks and industrial applications. Its offerings include optical components, modules and lasers that help transmit and process data across telecommunications and data center networks.

The company also supplies lasers and related technologies for industrial uses, including precision manufacturing and semiconductor production. Its products serve customers in markets around the world.

Lumentum became an independent public company in 2015 through a spin-off from JDSU, now Viavi Solutions.