Mirae Asset Global Investments Co. Ltd. Makes New Investment in Lumentum Holdings Inc. $LITE

Mirae Asset Global Investments Co. Ltd. acquired a new position in Lumentum Holdings Inc. (NASDAQ:LITE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 101,248 shares of the technology company’s stock, valued at approximately $98,338,000. Mirae Asset Global Investments Co. Ltd. owned 0.11% of Lumentum at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LITE. Sachetta LLC grew its position in Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after purchasing an additional 19 shares during the period. Burkett Financial Services LLC purchased a new position in shares of Lumentum during the 3rd quarter valued at about $28,000. Meeder Asset Management Inc. purchased a new position in shares of Lumentum during the 2nd quarter valued at about $40,000. Latitude Advisors LLC purchased a new position in shares of Lumentum during the 3rd quarter valued at about $40,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in shares of Lumentum in the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Transactions at Lumentum

In related news, CFO Wajid Ali sold 24,542 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the completion of the transaction, the chief financial officer owned 75,074 shares of the company’s stock, valued at approximately $78,715,089. This represents a 24.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 1,500 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $827.82, for a total value of $1,241,730.00. Following the completion of the transaction, the insider directly owned 100,434 shares of the company’s stock, valued at $83,141,273.88. The trade was a 1.47% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders have sold 94,496 shares of company stock worth $85,978,498 over the last quarter. Company insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on LITE. TD Cowen upped their target price on Lumentum from $800.00 to $820.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. raised their target price on Lumentum from $1,165.00 to $1,280.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Morgan Stanley lifted their price target on Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 12th. Weiss Ratings downgraded Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $1,040.00 price target on shares of Lumentum in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,080.83.

Lumentum Stock Down 8.6%

LITE stock opened at $840.70 on Friday. The firm has a market cap of $76.15 billion, a PE ratio of -10.23 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. The firm’s fifty day moving average is $922.90 and its 200 day moving average is $795.00. Lumentum Holdings Inc. has a one year low of $184.20 and a one year high of $1,143.00.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $987.70 million. During the same quarter in the previous year, the company earned $0.88 earnings per share. The firm’s revenue for the quarter was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, research analysts forecast that Lumentum Holdings Inc. will post 19.79 EPS for the current year.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Marvell Technology reportedly remains in advanced discussions to acquire Lumentum, potentially valuing the optical-components company at roughly $83 billion. A transaction could provide takeover support for LITE and combine Lumentum’s photonics assets with Marvell’s AI data-center networking business. However, the talks remain unconfirmed. Marvell Is Said to Near Deal for Lumentum
• Positive Sentiment: Lumentum’s fundamental AI investment case remains strong. Recent results showed approximately $1.01 billion in quarterly revenue, up 109% year over year, and adjusted earnings of $3.23 per share. Management also projected current-quarter revenue of $1.225 billion to $1.275 billion, above Wall Street expectations. Record cloud-transceiver shipments and the rollout of 1.6T products are supporting demand. LITE’s Transceivers Gain From AI Infrastructure Demand
• Neutral Sentiment: Lumentum’s lasers and optical components are increasingly important as AI clusters outgrow copper-based connectivity. NVIDIA’s $2 billion investment and purchase commitment further validate the strategy, although the stock’s sharp multimonth rally has made portfolio concentration and valuation key considerations. Lumentum’s 680% Run Created a New Portfolio Problem
• Negative Sentiment: Investors are increasingly concerned that Big Tech earnings could signal slower or more disciplined hyperscaler capital spending, pressuring the entire AI-optics supply chain. Lumentum is also vulnerable to deal uncertainty: a large, potentially all-stock Marvell transaction could create dilution and integration risk, while failure to reach an agreement would remove a near-term takeover catalyst. Hyperscaler Spending Fears Hit AI Optics Stocks

About Lumentum

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.