Amundi Purchases 430,355 Shares of Lumentum Holdings Inc. $LITE

Key Points

• Amundi significantly increased its Lumentum stake by purchasing 430,355 shares in the second quarter, raising its holdings 188.7% to 658,427 shares worth approximately $565 million. Institutional investors collectively own 94.05% of the company.
• Lumentum reported strong quarterly results, with $1.01 billion in revenue and EPS of $3.23, exceeding analyst expectations; revenue increased 109.3% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,053.83.
• Despite bullish AI and optical-networking demand, insider selling and valuation concerns remain risks. Insiders sold 65,147 shares worth $55.8 million over the past 90 days, while the stock has risen sharply and trades near its 12-month high.

Amundi increased its position in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 188.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 658,427 shares of the technology company's stock after purchasing an additional 430,355 shares during the quarter. Amundi owned approximately 0.73% of Lumentum worth $564,970,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. CYBER HORNET ETFs LLC lifted its holdings in shares of Lumentum by 7.2% during the 2nd quarter. CYBER HORNET ETFs LLC now owns 209 shares of the technology company's stock worth $179,000 after acquiring an additional 14 shares during the period. Hilltop National Bank raised its position in Lumentum by 26.8% in the second quarter. Hilltop National Bank now owns 71 shares of the technology company's stock worth $61,000 after purchasing an additional 15 shares in the last quarter. Sachetta LLC lifted its stake in Lumentum by 118.8% during the first 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. Toth Financial Advisory Corp boosted its holdings in Lumentum by 127.3% during the second quarter. Toth Financial Advisory Corp now owns 50 shares of the technology company's stock valued at $43,000 after purchasing an additional 28 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Lumentum by 39.5% during the second quarter. Versant Capital Management Inc now owns 106 shares of the technology company's stock valued at $91,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Insider Buying and Selling

In other news, CEO Michael E. Hurlston sold 548 shares of the business's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $958.66, for a total transaction of $525,345.68. Following the completion of the transaction, the chief executive officer directly owned 186,951 shares in the company, valued at approximately $179,222,445.66. The trade was a 0.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jae Kim sold 12,000 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total value of $10,230,960.00. Following the completion of the sale, the senior vice president directly owned 37,804 shares of the company's stock, valued at approximately $32,230,934.32. This trade represents a 24.09% 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. Over the last ninety days, insiders have sold 65,147 shares of company stock worth $55,812,856. Company insiders own 0.43% of the company's stock.

Lumentum Stock Performance

LITE stock opened at $881.26 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a twelve month low of $144.20 and a twelve month high of $1,085.68. The company has a market cap of $79.05 billion, a P/E ratio of -10.72 and a beta of 1.53. The business has a fifty day moving average of $814.62 and a 200-day moving average of $817.52.

Lumentum (NASDAQ:LITE - Get Free Report) last released its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $987.70 million. During the same period in the prior year, the company posted $0.88 EPS. The company's revenue was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, equities research analysts expect that Lumentum Holdings Inc. will post 19.78 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wolfe Research reiterated an "outperform" rating on shares of Lumentum in a research report on Friday, August 21st. Morgan Stanley boosted their price target on shares of Lumentum from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 12th. Bank of America cut their target price on shares of Lumentum from $1,100.00 to $1,000.00 and set a "neutral" rating for the company in a research note on Wednesday, August 12th. Citigroup reaffirmed a "buy" rating on shares of Lumentum in a report on Wednesday, August 12th. Finally, TD Cowen boosted their price objective on Lumentum from $800.00 to $820.00 and gave the stock a "hold" rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,053.83.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Optical-photonics rally: Lumentum gained alongside Coherent and other optical-networking stocks as investors focused on rising demand for lasers and optical components used to connect high-performance AI chips. Optical-photonics stocks article
• Positive Sentiment: Favorable analyst coverage: Deutsche Bank initiated coverage with a Buy rating, while Evercore also began research coverage. New institutional coverage can improve visibility and support investor interest in LITE. Deutsche Bank coverage article Evercore coverage article
• Positive Sentiment: AI infrastructure fundamentals remain strong: Recent results showed approximately $1.01 billion in quarterly revenue, adjusted EPS of $3.23, and guidance for $1.225 billion–$1.275 billion in revenue. Nvidia’s investment and purchase commitment for Lumentum’s laser components further reinforce the AI-demand thesis.
• Neutral Sentiment: Portfolio concentration warning: One analysis said LITE’s roughly 680% advance can make it an outsized portfolio position. The article remained positive on the business but advised investors to reassess position sizing after the substantial rally. Lumentum portfolio concentration article
• Negative Sentiment: Valuation concerns: A Seeking Alpha analysis argued that Lumentum has become too expensive following its dramatic run, creating a potential headwind if growth or AI infrastructure spending fails to exceed already-high expectations. Lumentum valuation article
• Negative Sentiment: Insider selling: Yuen Wupen sold two separate blocks of 500 shares for a combined $862,245. Both trades were conducted under a pre-arranged Rule 10b5-1 plan and represented only 0.43% of the insider’s holdings, making the signal relatively limited.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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