Mitsubishi UFJ Asset Management Co. Ltd. Lowers Stock Holdings in Lumentum Holdings Inc. $LITE

Key Points

• Mitsubishi UFJ Asset Management cut its Lumentum stake by 80.9% in the fourth quarter, leaving it with 5,486 shares worth about $2.12 million.
• Insider selling has also been notable, with CFO Wajid Ali and insider Yuen Wupen selling shares recently; insiders have sold 60,926 shares worth $36.25 million over the last 90 days.
• Lumentum’s business momentum remains strong, as its latest quarter topped EPS estimates and revenue jumped 90.1% year over year, while analysts continue to raise price targets and the stock is set to be added to the Nasdaq-100.

Mitsubishi UFJ Asset Management Co. Ltd. reduced its position in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 80.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,486 shares of the technology company's stock after selling 23,310 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Lumentum were worth $2,118,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd purchased a new position in Lumentum in the 4th quarter worth approximately $55,000. SBI Securities Co. Ltd. raised its holdings in Lumentum by 151.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 4,926 shares of the technology company's stock worth $1,816,000 after acquiring an additional 2,965 shares during the last quarter. Alpha Cubed Investments LLC purchased a new position in Lumentum in the 4th quarter worth approximately $447,000. Advisors Preferred LLC purchased a new position in Lumentum in the 4th quarter worth approximately $1,405,000. Finally, Estate Counselors LLC purchased a new position in Lumentum in the 4th quarter worth approximately $4,239,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lumentum

In other news, CFO Wajid Ali sold 5,302 shares of the business's stock in a transaction on Friday, February 27th. The shares were sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the sale, the chief financial officer owned 66,287 shares of the company's stock, valued at $45,812,934.31. The trade was a 7.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Yuen Wupen sold 3,157 shares of the business's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the sale, the insider directly owned 88,439 shares of the company's stock, valued at approximately $47,580,182. The trade was a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 60,926 shares of company stock worth $36,254,801. 0.43% of the stock is currently owned by insiders.

Lumentum Price Performance

Shares of LITE opened at $1,053.09 on Tuesday. Lumentum Holdings Inc. has a 1-year low of $69.26 and a 1-year high of $1,073.33. The firm has a fifty day simple moving average of $787.25 and a two-hundred day simple moving average of $514.43. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The firm has a market cap of $81.93 billion, a PE ratio of 195.02 and a beta of 1.53.

Lumentum (NASDAQ:LITE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The firm had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The company's revenue for the quarter was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities analysts anticipate that Lumentum Holdings Inc. will post 5.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LITE shares. Needham & Company LLC boosted their target price 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. Susquehanna boosted their target price on shares of Lumentum from $550.00 to $1,100.00 and gave the company a "positive" rating in a research note on Monday, April 20th. JPMorgan Chase & Co. boosted their target price on shares of Lumentum from $950.00 to $1,130.00 and gave the company an "overweight" rating in a research note on Wednesday, May 6th. Citic Securities boosted their target price on shares of Lumentum from $620.00 to $1,186.00 in a research note on Monday. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Lumentum in a research note on Tuesday, April 21st. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,012.43.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum will be added to the Nasdaq-100 on May 18, a milestone that is likely to attract passive fund buying and increase trading demand. Lumentum Joins the Nasdaq-100 Index®, Achieving New Milestone in Global Growth
• Positive Sentiment: Market commentary says the stock is benefiting from a renewed rally in AI-linked optical networking shares, with peers also jumping sharply, suggesting sector momentum is supporting LITE. Lumentum Stock Soars as AI Optical Networking Rally Resumes
• Positive Sentiment: Analysts and news coverage continue to point to strong demand for optical components, with orders reportedly extending through 2028, reinforcing the growth story behind the stock’s run. Is Lumentum Holdings Inc. (LITE) Among the Best Photonics Stocks to Buy Right Now?
• Positive Sentiment: Citic Securities raised its price target on Lumentum, signaling rising Wall Street confidence that the shares still have room to run after the sharp recent move. MarketScreener
• Neutral Sentiment: Recent articles focus on Lumentum’s extraordinary momentum and valuation after the stock’s big multi-month run, which may prompt investors to reassess whether the rally has gone too far. A Look At Lumentum Holdings (LITE) Valuation After Its Strong Recent Share Price Run

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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