TD Asset Management Inc Makes New $8.18 Million Investment in Lumentum Holdings Inc. $LITE

TD Asset Management Inc acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 22,200 shares of the technology company’s stock, valued at approximately $8,183,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LITE. Vanguard Group Inc. raised its position in shares of Lumentum by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock worth $1,217,930,000 after acquiring an additional 41,975 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after purchasing an additional 1,545,199 shares in the last quarter. Geode Capital Management LLC grew its stake in Lumentum by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock worth $521,563,000 after purchasing an additional 123,265 shares during the period. Norges Bank bought a new position in Lumentum in the fourth quarter worth $474,495,000. Finally, Alliancebernstein L.P. raised its holdings in Lumentum by 4.4% in the third quarter. Alliancebernstein L.P. now owns 1,085,119 shares of the technology company’s stock worth $176,560,000 after purchasing an additional 45,953 shares in the last quarter. 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: Lumentum raised its Q4 FY26 guidance, citing surging AI infrastructure demand, stronger cloud networking revenue, and sold-out optical components, reinforcing the bull case that AI buildout is driving growth. Is Surging AI Demand Driving Lumentum’s Stronger Q4 Guidance?
• Positive Sentiment: Needham reaffirmed a buy rating and set a $1,040 price target, while Northland also raised its target to $1,200 and maintained an Outperform rating, signaling continued analyst confidence in Lumentum’s earnings and AI exposure. Benzinga report on Needham rating
• Positive Sentiment: Articles highlighted Lumentum as a potential AI optical winner, with commentary pointing to rising co-packaged optics demand, hyperscaler spending, and strong earnings growth as possible support for a rebound. Lumentum Stock Falls 15% in a Month: Is This Dip a Buying Opportunity?
• Neutral Sentiment: Lumentum presented at the Mizuho Technology Conference, which may have kept investor attention on the company’s AI and optical networking strategy. Lumentum Holdings Inc. (LITE) Presents at Mizuho Technology Conference 2026 Transcript
• Neutral Sentiment: Short-interest data showed essentially no borrowable shares and a zero-day short-interest ratio, which does not point to a meaningful new bearish catalyst.
• Negative Sentiment: Some coverage noted the stock has fallen about 15% over the past month, suggesting near-term volatility and possible valuation concerns after a strong AI-driven move. Lumentum Stock Falls 15% in a Month: Is This Dip a Buying Opportunity?

Wall Street Analysts Forecast Growth

LITE has been the topic of a number of recent research reports. UBS Group upped their target price on shares of Lumentum from $455.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Mizuho set a $1,100.00 price target on shares of Lumentum in a research report on Wednesday, May 6th. Craig Hallum boosted their price objective on shares of Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. B. Riley Financial reaffirmed a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Finally, Citic Securities lifted their target price on shares of Lumentum from $620.00 to $1,186.00 in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and a consensus target price of $1,021.95.

Insider Activity

In related news, insider Vincent Retort sold 3,183 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $3,036,422.85. Following the completion of the transaction, the insider owned 89,563 shares of the company’s stock, valued at approximately $85,438,623.85. This trade represents a 3.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Ian Small sold 4,954 shares of Lumentum stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the transaction, the director directly owned 21,008 shares of the company’s stock, valued at $18,236,414.56. The trade was a 19.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 41,260 shares of company stock worth $38,859,220. 0.43% of the stock is owned by corporate insiders.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $821.76 on Wednesday. The business has a 50-day simple moving average of $886.80 and a two-hundred day simple moving average of $618.83. Lumentum Holdings Inc. has a fifty-two week low of $80.39 and a fifty-two week high of $1,085.68. The firm has a market cap of $63.93 billion, a price-to-earnings ratio of 152.18 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 17.61% and a return on equity of 24.81%. The firm’s quarterly revenue was up 90.1% on a year-over-year basis. During the same quarter last year, the company posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, analysts expect that Lumentum Holdings Inc. will post 6.49 earnings per share for the current year.

About Lumentum

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.