iA Global Asset Management Inc. Reduces Stake in Lumentum Holdings Inc. $LITE

iA Global Asset Management Inc. decreased its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 49.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 20,480 shares of the technology company’s stock after selling 20,120 shares during the period. iA Global Asset Management Inc.’s holdings in Lumentum were worth $7,549,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Qsemble Capital Management LP lifted its holdings in Lumentum by 373.0% during the 4th quarter. Qsemble Capital Management LP now owns 18,709 shares of the technology company’s stock worth $6,896,000 after purchasing an additional 14,754 shares in the last quarter. DNB Asset Management AS purchased a new stake in Lumentum during the 4th quarter worth about $2,037,000. Northwestern Mutual Investment Management Company LLC lifted its holdings in Lumentum by 2.0% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 15,863 shares of the technology company’s stock worth $5,847,000 after purchasing an additional 304 shares in the last quarter. Donoghue Forlines LLC purchased a new stake in Lumentum during the 4th quarter worth about $2,308,000. Finally, AustralianSuper Pty Ltd purchased a new stake in Lumentum during the 4th quarter worth about $23,590,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Zacks Research upgraded Lumentum (LITE) from hold to strong-buy, signaling improved earnings outlook and stronger near-term sentiment. Tickerreport.com
• Positive Sentiment: Investors are reacting to reports of surging AI optics demand, with Lumentum’s components business reportedly sold out through 2028 and the company planning to expand manufacturing capacity, which supports a higher valuation. Lumentum’s AI Optics Demand And NVIDIA Deal Reshape Valuation Debate
• Positive Sentiment: The stock also benefited from broader momentum-stock and analyst coverage that placed LITE on Zacks’ Rank #1 Strong Buy list, adding to bullish trading sentiment. Best Momentum Stocks to Buy for May 14th
• Positive Sentiment: Multiple articles highlighted accelerating growth in Lumentum’s components business, particularly around AI optics and hyperscale data-center demand, reinforcing expectations for continued revenue strength. Lumentum’s Components Business Accelerates: More Upside Ahead?
• Neutral Sentiment: Investor attention is also building around an upcoming May 18 event, but the articles provided do not specify a concrete new catalyst yet. Dear Lumentum stock fans, mark your calendars for May 18

Lumentum Stock Performance

Shares of NASDAQ LITE opened at $970.70 on Monday. The stock has a market cap of $75.52 billion, a price-to-earnings ratio of 179.76 and a beta of 1.53. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 1-year low of $71.04 and a 1-year high of $1,085.68. The stock’s 50-day moving average is $809.96 and its 200 day moving average is $537.63.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. The company had revenue of $808.40 million for the quarter, compared to analysts’ expectations of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.Lumentum’s revenue for the quarter was up 90.1% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, sell-side analysts anticipate that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Insider Buying and Selling at Lumentum

In related news, insider Yuen Wupen sold 3,157 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the transaction, the insider directly owned 88,439 shares in the company, valued at $47,580,182. This trade represents a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ian Small sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $911.17, for a total value of $3,189,095.00. Following the transaction, the director owned 25,962 shares in the company, valued at approximately $23,655,795.54. The trade was a 11.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,488 shares of company stock worth $27,115,961 over the last quarter. Company insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LITE shares. Citigroup increased their price objective on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Northland Securities set a $1,000.00 price target on Lumentum in a report on Monday, April 20th. Barclays raised their price target on Lumentum from $750.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Bank of America raised their price target on Lumentum to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, Stifel Nicolaus raised their price target on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,012.43.

Lumentum Company 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.