Financiere des Professionnels Fonds d investissement inc. Takes Position in Lumentum Holdings Inc. $LITE

Financiere des Professionnels Fonds d investissement inc. bought a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,912 shares of the technology company’s stock, valued at approximately $2,046,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bessemer Group Inc. boosted its stake in Lumentum by 129.6% in the 1st quarter. Bessemer Group Inc. now owns 753 shares of the technology company’s stock valued at $528,000 after buying an additional 425 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Lumentum during the first quarter worth $17,105,000. Independent Financial Group LLC bought a new position in shares of Lumentum during the first quarter valued at $2,786,000. Wealthfront Advisers LLC lifted its holdings in shares of Lumentum by 1,196.0% during the first quarter. Wealthfront Advisers LLC now owns 9,357 shares of the technology company’s stock valued at $6,576,000 after acquiring an additional 8,635 shares during the period. Finally, Marks Group Wealth Management Inc acquired a new stake in shares of Lumentum in the 1st quarter valued at $211,000. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LITE shares. JPMorgan Chase & Co. upped their target price on shares of Lumentum from $950.00 to $1,130.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and set a $1,014.00 price target on shares of Lumentum in a report on Wednesday, May 6th. TD Cowen reduced their price target on shares of Lumentum from $995.00 to $800.00 and set a “hold” rating on the stock in a research report on Monday. Morgan Stanley upped their price objective on shares of Lumentum from $710.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Lumentum in a report on Friday, May 1st. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,012.67.

Lumentum Price Performance

LITE opened at $732.82 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The stock has a market capitalization of $57.01 billion, a P/E ratio of 135.71 and a beta of 1.48. The company’s 50 day simple moving average is $865.06 and its 200-day simple moving average is $710.76. Lumentum Holdings Inc. has a one year low of $97.55 and a one year high of $1,085.68.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The firm had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. During the same quarter in the previous year, the company posted $0.57 EPS. Lumentum’s revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Sell-side analysts anticipate that Lumentum Holdings Inc. will post 6.4 earnings per share for the current fiscal year.

Insider Activity at Lumentum

In related news, Director Ian Small sold 4,954 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $868.07, for a total value of $4,300,418.78. Following the transaction, the director owned 21,008 shares in the company, valued at $18,236,414.56. This trade represents a 19.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Isaac Hosojiro Harris sold 1,416 shares of Lumentum stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the completion of the sale, the director owned 6,984 shares of the company’s stock, valued at approximately $6,984,558.72. The trade was a 16.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 41,260 shares of company stock valued at $38,859,220 over the last quarter. 0.43% of the stock is currently owned by corporate insiders.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analysts highlighted Lumentum’s record laser-chip shipments and capacity expansion, suggesting the company is well positioned to benefit from surging AI networking demand. Can Lumentum’s AI Laser Chip Demand Accelerate Revenue Growth?
• Positive Sentiment: Lumentum was upgraded to Zacks Rank #2 (Buy) after earnings estimates were raised, which signals improving sentiment around near-term earnings prospects. Lumentum (LITE) Upgraded to Buy: What Does It Mean for the Stock?
• Positive Sentiment: Coverage comparing Lumentum with Applied Digital favored Lumentum’s stronger execution, AI-driven growth, and lower valuation, reinforcing the stock’s appeal to growth investors. LITE vs. APLD: Which AI Infrastructure Stock Offers Better Growth?
• Neutral Sentiment: UBS reaffirmed its Hold rating, which may temper enthusiasm even as the broader AI-demand story remains constructive. UBS Reaffirms Their Hold Rating on Lumentum Holdings (LITE)
• Neutral Sentiment: Citi’s addition of Lumentum to a 90-day catalyst watch suggests traders are watching for near-term catalysts, but it does not by itself change the fundamental outlook. Lumentum in focus as Citi adds 90-day catalyst watch
• Negative Sentiment: Some articles point to valuation and analyst-watch attention rather than confirmed new financial results, so the stock could be vulnerable if AI demand growth or execution does not continue to meet high expectations.

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.