Lumentum Holdings Inc. $LITE Position Trimmed by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp trimmed its Lumentum stake by 92.1% in Q4, selling 8,978 shares and leaving it with 772 shares valued at about $285,000.
• Lumentum beat Q3 EPS and reported revenue up ~90% year‑over‑year driven by cloud/AI demand, prompting multiple firms to raise price targets and a consensus target of about $1,003.75 (average rating: Moderate Buy).
• Despite the bullish backdrop, insiders sold roughly 60,926 shares (~$36.3M) in the past three months and profit‑taking has increased volatility even as institutional ownership remains high (~94%).

Fifth Third Bancorp trimmed its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 92.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 772 shares of the technology company's stock after selling 8,978 shares during the period. Fifth Third Bancorp's holdings in Lumentum were worth $285,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Danske Bank A S boosted its holdings in Lumentum by 200.0% during the fourth quarter. Danske Bank A S now owns 600 shares of the technology company's stock worth $221,000 after buying an additional 400 shares in the last quarter. Wealth High Governance Capital Ltda bought a new stake in Lumentum during the fourth quarter worth approximately $20,244,000. Sage Rhino Capital LLC bought a new stake in Lumentum during the fourth quarter worth approximately $313,000. Wealthfront Advisers LLC bought a new stake in Lumentum during the fourth quarter worth approximately $266,000. Finally, M&T Bank Corp boosted its holdings in Lumentum by 5.4% during the fourth quarter. M&T Bank Corp now owns 13,498 shares of the technology company's stock worth $4,975,000 after buying an additional 686 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Lumentum from $710.00 to $900.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Jefferies Financial Group reissued a "buy" rating and set a $1,200.00 target price on shares of Lumentum in a research note on Wednesday. Northland Securities set a $1,000.00 target price on shares of Lumentum in a research note on Monday, April 20th. Needham & Company LLC lifted their price objective on shares of Lumentum from $880.00 to $1,040.00 and gave the company a "buy" rating in a research note on Tuesday, April 21st. Finally, Susquehanna lifted their target price on shares of Lumentum from $550.00 to $1,100.00 and gave the stock a "positive" rating in a report on Monday, April 20th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Lumentum presently has an average rating of "Moderate Buy" and a consensus target price of $1,003.75.

Insider Buying and Selling at Lumentum

In related news, insider Yuen Wupen sold 3,157 shares of the company's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the sale, the insider owned 88,439 shares of the company's stock, valued at $47,580,182. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Penny Herscher sold 4,000 shares of the company's stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $597.29, for a total transaction of $2,389,160.00. Following the completion of the sale, the director directly owned 2,057 shares in the company, valued at approximately $1,228,625.53. The trade was a 66.04% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 60,926 shares of company stock worth $36,254,801. Insiders own 0.43% of the company's stock.

Lumentum Stock Performance

NASDAQ LITE opened at $892.25 on Friday. The stock has a market cap of $63.71 billion, a P/E ratio of 165.23 and a beta of 1.53. The company's 50-day simple moving average is $776.13 and its 200 day simple moving average is $502.93. Lumentum Holdings Inc. has a twelve month low of $63.98 and a twelve month high of $1,021.00. The company has a quick ratio of 0.45, a current ratio of 1.14 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share 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 net margin of 17.61% and a return on equity of 24.81%. The firm's revenue for the quarter was up 90.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, research analysts forecast that Lumentum Holdings Inc. will post 5.87 earnings per share for the current fiscal year.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q3 results beat and strong guidance — Lumentum reported an EPS beat and revenue up ~90% year‑over‑year driven by cloud/AI demand; management forecasted continued strength and a ramp of 1.6T transceiver shipments into fiscal Q4, supporting near‑term growth expectations. LITE Q3 Earnings Beat Estimates, Revenues Rise Y/Y, Shares Drop
• Positive Sentiment: Wall of bullish analyst action — multiple firms raised price targets and issued buy/overweight calls (Rothschild Redburn PT $1,270; BNP Paribas/Exane to $1,300; Rosenblatt to $1,300; Loop Capital to $1,400; JPMorgan to $1,130; Barclays to $1,000; Craig Hallum to $1,150), signaling strong conviction on longer‑term AI/data‑center demand. Rothschild Redburn Gives Lumentum (LITE) a Buy Rating Craig Hallum Adjusts Price Target
• Neutral Sentiment: Demand vs. supply narrative — analysts note demand is exceeding supply (and the company flagged customer commitments and sector updates), which supports revenue durability but could keep near‑term delivery constraints and backlog dynamics in focus. Lumentum continues to see demand exceeding supply
• Negative Sentiment: Profit‑taking and optics trade cooling — after the strong beat and guidance, investors rotated out of optics winners today; Lumentum moved down alongside peers as the AI/optics trade cooled, amplifying volatility. Applied Optoelectronics Crashes 14%, Coherent Slides 10%, Lumentum Falls 7% as Optics Trade Cools
• Negative Sentiment: Expectations vs. growth — some commentary and investor reaction suggest the stock is pricing very high growth already; a few writeups questioned whether expectations may be outrunning sustainable near‑term execution, which can prompt short‑term selling despite upside longer term. Lumentum falls 5% after results: are expectations outrunning growth?

Lumentum Company Profile

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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