China Universal Asset Management Co. Ltd. Has $4.20 Million Position in Lumentum Holdings Inc. $LITE

Key Points

• China Universal Asset Management increased its stake in Lumentum by 34.1%, buying 2,899 shares to hold 11,399 shares worth about $4.20 million at quarter-end.
• Large institutional buying and a bullish re-rating underpin the stock: firms like Arrowstreet and Assenagon massively increased positions (institutional ownership ~94.05%), management says production is sold out through 2027, and analysts have raised price targets up to $1,100 with a consensus of "Moderate Buy."
• Offsetting risks include substantial insider selling (about 65,775 shares worth ~$38.85M in the last 90 days) and a rich valuation (trading at roughly P/E 259.78), which could add volatility despite strong fundamentals.

China Universal Asset Management Co. Ltd. lifted its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 34.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,399 shares of the technology company's stock after purchasing an additional 2,899 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Lumentum were worth $4,202,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LITE. Arrowstreet Capital Limited Partnership raised 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 worth $254,350,000 after purchasing an additional 1,545,199 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Lumentum by 707.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company's stock worth $366,555,000 after purchasing an additional 871,249 shares during the period. Holocene Advisors LP acquired a new stake in Lumentum in the 3rd quarter valued at approximately $136,401,000. WT Asset Management Ltd raised its position in Lumentum by 170.0% in the 3rd quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company's stock valued at $115,558,000 after buying an additional 447,208 shares during the last quarter. Finally, FengHe Fund Management Pte. Ltd. acquired a new stake in Lumentum in the 3rd quarter valued at approximately $71,771,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Wall Street Analyst Weigh In

LITE has been the topic of a number of recent research reports. Needham & Company LLC lifted their target price on Lumentum from $880.00 to $1,040.00 and gave the company a "buy" rating in a research report on Tuesday. TD Cowen lifted their target price on Lumentum from $675.00 to $875.00 and gave the company a "hold" rating in a research report on Friday, April 10th. Northland Securities set a $1,000.00 target price on Lumentum in a research report on Monday. Bank of America lifted their target price on Lumentum to $520.00 and gave the company a "neutral" rating in a research report on Wednesday, February 4th. Finally, Susquehanna lifted their target price on Lumentum from $550.00 to $1,100.00 and gave the company a "positive" rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Lumentum currently has a consensus rating of "Moderate Buy" and an average target price of $757.25.

Insider Buying and Selling

In other Lumentum news, Director Penny Herscher sold 4,849 shares of the business's stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $535.48, for a total transaction of $2,596,542.52. Following the transaction, the director owned 6,057 shares of the company's stock, valued at $3,243,402.36. The trade was a 44.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vincent Retort sold 45,026 shares of the business's stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total value of $26,624,774.32. Following the transaction, the insider directly owned 102,455 shares in the company, valued at $60,583,690.60. This trade represents a 30.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,775 shares of company stock worth $38,851,343 over the last 90 days. Company insiders own 0.43% of the company's stock.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Multiple firms raised targets and estimates — Needham lifted its price target to $1,040 and Susquehanna to $1,100; Morgan Stanley also raised its target to $710, while Northland materially increased FY2027 EPS and quarterly forecasts, reflecting a much stronger revenue/earnings outlook. Needham price target Susquehanna price target Morgan Stanley price target Northland estimates
• Positive Sentiment: Company demand commentary: management says production is sold out through 2027, supporting the narrative of durable, multi‑year optical demand driven by AI and large customer commitments. This underpins higher revenue visibility and the bullish analyst moves. Sold‑out through 2027
• Positive Sentiment: Shifting industry narrative: recent coverage highlights Lumentum’s pivot to AI networking and stronger ties to Nvidia commitments, which supports a re‑rating of the company from telecom optics to an AI‑driven optical leader. Story shifting with AI optics Zacks AI optics note
• Neutral Sentiment: Media mention unrelated to a direct company update — Jim Cramer’s “Stocks That Got Away” segment referenced other names (SanDisk) and does not provide new company‑specific catalysts for Lumentum. Cramer segment
• Negative Sentiment: Launch of first‑to‑market leveraged inverse ETFs targeting LITE (Tradr 2X Short LITE Daily ETF, ticker LITZ) introduces a new, easily traded vehicle to express bearish views — this can increase intraday and short‑term selling pressure and volatility even while fundamentals look strong. Tradr short ETF debut

Lumentum Stock Down 3.1%

NASDAQ:LITE opened at $846.89 on Friday. The firm has a market capitalization of $60.47 billion, a price-to-earnings ratio of 259.78 and a beta of 1.38. Lumentum Holdings Inc. has a twelve month low of $55.00 and a twelve month high of $960.00. The stock's 50 day moving average price is $733.38 and its two-hundred day moving average price is $457.53. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.26. The firm had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The business's quarterly revenue was up 65.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Equities research analysts expect that Lumentum Holdings Inc. will post 5.87 earnings per share for the current fiscal 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.

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