Alberta Investment Management Corp Makes New $5.71 Million Investment in Lumentum Holdings Inc. $LITE

Key Points

• Alberta Investment Management Corp opened a new position in Lumentum Holdings, buying 15,500 shares worth about $5.71 million in the fourth quarter.
• Institutional ownership is heavy, with 94.05% of Lumentum’s stock held by institutions; several big investors, including Vanguard, Arrowstreet, Geode, Situational Awareness LP, and Norges Bank, also added to or initiated positions.
• Insiders have been selling shares, including recent sales by directors Brian Lillie and Isaac Hosojiro Harris, while analysts remain broadly bullish with multiple price target hikes and an average rating of Moderate Buy.

Alberta Investment Management Corp bought a new position in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,500 shares of the technology company's stock, valued at approximately $5,713,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Lumentum by 0.6% during the third quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company's stock valued at $1,217,930,000 after buying an additional 41,975 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Lumentum by 18.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company's stock valued at $683,661,000 after purchasing an additional 291,591 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Lumentum by 9.6% in the 4th 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 in the last quarter. Situational Awareness LP increased its holdings in shares of Lumentum by 210.9% in the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company's stock worth $478,577,000 after purchasing an additional 880,800 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Lumentum in the fourth quarter worth $474,495,000. 94.05% of the stock is currently owned by institutional investors.

Insider Transactions at Lumentum

In related news, Director Brian Lillie sold 11,951 shares of the firm's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $981.64, for a total transaction of $11,731,579.64. Following the completion of the transaction, the director directly owned 13,959 shares of the company's stock, valued at approximately $13,702,712.76. This trade represents a 46.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Isaac Hosojiro Harris sold 4,000 shares of Lumentum stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $860.00, for a total value of $3,440,000.00. Following the completion of the sale, the director directly owned 8,400 shares in the company, valued at $7,224,000. This trade represents a 32.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 41,260 shares of company stock valued at $38,859,220. 0.43% of the stock is owned by corporate insiders.

Lumentum Trading Down 8.6%

Shares of Lumentum stock opened at $875.36 on Wednesday. Lumentum Holdings Inc. has a fifty-two week low of $83.59 and a fifty-two week high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. The company has a market capitalization of $68.10 billion, a P/E ratio of 162.10 and a beta of 1.47. The company has a fifty day moving average of $901.22 and a 200 day moving average of $640.73.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.10. The business 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%.The business's quarterly revenue was up 90.1% on a year-over-year basis. During the same period last year, the firm earned $0.57 earnings per share. 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 earnings per share for the current fiscal year.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analysts and market commentary continue to highlight Lumentum as a strong AI infrastructure play, citing expanding margins, improving demand visibility, and growth in optical networking as reasons the stock still has runway. Article Title
• Positive Sentiment: A separate note said Lumentum tops Broadcom as an AI infrastructure stock, pointing to faster near-term upside from AI-driven optical networking demand and margin expansion. Article Title
• Positive Sentiment: Fund commentary from Columbia Threadneedle highlighted Lumentum as a contributor to performance in the first quarter, reinforcing investor interest in the name after its strong operating results. Article Title
• Neutral Sentiment: Lumentum’s chair and CEO are scheduled to participate in a Rome conference on AI, ethics, and governance, which may support visibility but does not appear to be a major near-term business catalyst. Article Title
• Negative Sentiment: Despite the bullish AI narrative, broader market coverage noted Lumentum as one of the day’s weaker movers, suggesting traders may be taking profits after a strong run-up and reacting to valuation concerns. Article Title

Analyst Ratings Changes

LITE has been the topic of several recent analyst reports. UBS Group increased their price objective on Lumentum from $455.00 to $960.00 and gave the company a "neutral" rating in a research report on Wednesday, May 6th. Weiss Ratings restated a "hold (c)" rating on shares of Lumentum in a research note on Tuesday, April 21st. Northland Securities raised their price target on shares of Lumentum from $1,000.00 to $1,200.00 and gave the company an "outperform" rating in a report on Wednesday, June 3rd. Susquehanna lifted their price target on shares of Lumentum from $550.00 to $1,100.00 and gave the stock a "positive" rating in a research note on Monday, April 20th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $1,200.00 price objective on shares of Lumentum in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,021.95.

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.

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