iA Global Asset Management Inc. Takes $8.38 Million Position in Lumentum Holdings Inc. $LITE

iA Global Asset Management Inc. acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 88,170 shares of the technology company’s stock, valued at approximately $8,381,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LITE. Louisiana State Employees Retirement System raised its holdings in shares of Lumentum by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the technology company’s stock worth $1,854,000 after acquiring an additional 100 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Lumentum by 5.8% during the 2nd quarter. Bessemer Group Inc. now owns 2,473 shares of the technology company’s stock worth $234,000 after purchasing an additional 136 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Lumentum by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company’s stock valued at $881,000 after buying an additional 176 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in Lumentum by 6.8% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,465 shares of the technology company’s stock valued at $216,000 after buying an additional 220 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Lumentum by 16.4% in the second quarter. Signaturefd LLC now owns 1,582 shares of the technology company’s stock valued at $150,000 after purchasing an additional 223 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $201.55 on Monday. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $214.50. The business has a 50-day moving average of $160.64 and a two-hundred day moving average of $113.37. The stock has a market capitalization of $14.29 billion, a P/E ratio of 876.30 and a beta of 1.42. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.37 and a quick ratio of 3.18.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, August 12th. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.The business had revenue of $480.70 million for the quarter, compared to analyst estimates of $465.27 million. During the same period in the previous year, the company posted $0.06 earnings per share. The firm’s revenue for the quarter was up 55.9% on a year-over-year basis. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. On average, equities research analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LITE has been the topic of several research analyst reports. Susquehanna raised their price objective on Lumentum from $140.00 to $190.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. B. Riley upped their target price on Lumentum from $73.00 to $83.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. UBS Group raised their price target on Lumentum from $78.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their price objective on shares of Lumentum from $145.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Finally, Stifel Nicolaus boosted their price objective on shares of Lumentum from $100.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $149.43.

Insiders Place Their Bets

In related news, Director Julia Suzanne Johnson sold 1,250 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $119.06, for a total transaction of $148,825.00. Following the sale, the director directly owned 22,037 shares in the company, valued at $2,623,725.22. This represents a 5.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yuen Wupen sold 3,281 shares of Lumentum stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $124.86, for a total transaction of $409,665.66. Following the sale, the insider owned 101,273 shares of the company’s stock, valued at approximately $12,644,946.78. This represents a 3.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 18,439 shares of company stock valued at $2,206,997 in the last 90 days. Insiders own 0.43% of the company’s stock.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.