E Fund Management Co. Ltd. Invests $14.68 Million in Lumentum Holdings Inc. $LITE

Key Points

• E Fund Management purchased 17,105 Lumentum shares worth approximately $14.68 million, adding to strong institutional ownership of 94.05%.
• Lumentum exceeded quarterly expectations with $3.23 in earnings per share versus a $2.97 estimate and $1.01 billion in revenue, up 109.3% year over year.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $1,044.67, although the stock recently traded down 5.2% and insiders have sold shares under pre-arranged plans.

E Fund Management Co. Ltd. purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 17,105 shares of the technology company's stock, valued at approximately $14,677,000.

Several other institutional investors also recently bought and sold shares of the company. Hilton Head Capital Partners LLC acquired a new stake in shares of Lumentum in the 1st quarter worth $25,000. Sachetta LLC increased its stake in shares of Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company's stock worth $25,000 after acquiring an additional 19 shares during the period. Truvestments Capital LLC increased its stake in shares of Lumentum by 300.0% during the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company's stock worth $28,000 after acquiring an additional 57 shares during the period. Triumph Capital Management purchased a new position in Lumentum during the fourth quarter worth about $30,000. Finally, Danske Bank A S purchased a new position in shares of Lumentum during the 3rd quarter worth approximately $33,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Lumentum Trading Down 5.2%

NASDAQ LITE opened at $827.60 on Thursday. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The company's fifty day simple moving average is $811.06 and its 200-day simple moving average is $786.24. The stock has a market cap of $74.24 billion, a P/E ratio of -10.07 and a beta of 1.50. Lumentum Holdings Inc. has a 52 week low of $111.20 and a 52 week high of $1,085.68.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $2.97 by $0.26. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business's quarterly revenue was up 109.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities research analysts predict that Lumentum Holdings Inc. will post 16.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley lifted 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. JPMorgan Chase & Co. raised their price target on shares of Lumentum from $1,165.00 to $1,280.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Zacks Research cut Lumentum from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Craig Hallum upped their target price on Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. Finally, Bank of America decreased their price target on Lumentum from $1,100.00 to $1,000.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 12th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Lumentum has an average rating of "Moderate Buy" and an average price target of $1,044.67.

Insider Buying and Selling

In other Lumentum news, SVP Jae Kim sold 1,366 shares of Lumentum stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $909.43, for a total value of $1,242,281.38. Following the completion of the transaction, the senior vice president owned 45,973 shares of the company's stock, valued at $41,809,225.39. The trade was a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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. Also, Director Isaac Hosojiro Harris sold 4,000 shares of the business's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $860.00, for a total transaction of $3,440,000.00. Following the sale, the director directly owned 8,400 shares of the company's stock, valued at approximately $7,224,000. This represents a 32.26% 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. Insiders have sold 9,965 shares of company stock worth $8,993,110 over the last ninety days. 0.43% of the stock is owned by insiders.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI networking demand is accelerating. Analysts say rising adoption of near-packaged optics (NPO) and co-packaged optics (CPO), along with demand from hyperscale data centers, could drive substantial revenue growth and margin expansion. One analysis expects fiscal 2027 revenue to more than double, while also highlighting opportunities in both merchant and custom chips. Lumentum Upgrade
• Positive Sentiment: Lumentum compares favorably with other AI technology stocks. Recent coverage points to steadier quarter-over-quarter revenue expansion than C3.ai and stronger growth prospects than Applied Optoelectronics, supporting the view that Lumentum is a preferred way to invest in optical networking. AAOI versus Lumentum
• Neutral Sentiment: Analyst sentiment remains favorable, but valuation is demanding. Lumentum has a broad “Moderate Buy” consensus and several price-target increases, yet its approximately 11.4-times sales multiple leaves the stock vulnerable to profit-taking if growth expectations weaken. Lumentum Moderate Buy Rating
• Negative Sentiment: Sector-wide AI risk aversion is the immediate pressure. Reports involving Anthropic and a Wall Street Journal article triggered a selloff in optics and AI hardware shares, raising concerns about the pace or durability of AI infrastructure spending. Optics Stocks Drop on Anthropic News
• Negative Sentiment: Insider selling adds a modest sentiment headwind. Two executives sold shares under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards. Because the sales were planned and the executives retained sizable positions, they appear less significant than discretionary selling. Lumentum Insider Sale

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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