Nissay Asset Management Corp Japan Acquires 24,716 Shares of Lumentum Holdings Inc. $LITE

Key Points

• Nissay Asset Management Japan increased its Lumentum stake by 268.4% in the second quarter, acquiring 24,716 additional shares and bringing its holdings to 33,924 shares valued at about $29.1 million. Institutional investors collectively own 94.05% of the company.
• Lumentum’s latest quarter exceeded expectations, with EPS of $3.23 versus the $2.97 consensus and revenue of $1.01 billion, up 109.3% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,044.67.
• Despite strong AI-infrastructure demand and recent operating momentum, valuation and insider selling remain risks: shares opened at $895, near their 52-week high, while insiders sold 64,563 shares worth approximately $55.4 million during the last quarter.

Nissay Asset Management Corp Japan raised its holdings in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 268.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,924 shares of the technology company's stock after buying an additional 24,716 shares during the period. Nissay Asset Management Corp Japan's holdings in Lumentum were worth $29,109,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC acquired a new position in shares of Lumentum during the 1st quarter worth about $25,000. Sachetta LLC increased its position in shares of Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company's stock valued at $25,000 after acquiring an additional 19 shares during the last quarter. Truvestments Capital LLC increased its position in shares of Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company's stock valued at $28,000 after acquiring an additional 57 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of Lumentum in the fourth quarter valued at about $30,000. Finally, Danske Bank A S bought a new stake in Lumentum during the third quarter worth about $33,000. 94.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

LITE has been the subject of several recent research reports. Craig Hallum increased their price target on Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. TD Cowen upped 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. Morgan Stanley increased their price objective on Lumentum from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Wednesday, August 12th. Stifel Nicolaus raised their target price on shares of Lumentum from $800.00 to $1,100.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group restated a "buy" rating and set a $1,200.00 target price on shares of Lumentum in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,044.67.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $895.00 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The business's 50 day moving average price is $811.83 and its two-hundred day moving average price is $805.08. The company has a market cap of $80.28 billion, a PE ratio of -10.89 and a beta of 1.50. Lumentum Holdings Inc. has a twelve month low of $125.00 and a twelve month high of $1,085.68.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings data 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 positive return on equity of 26.34% and a negative net margin of 230.15%.The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $987.70 million. During the same period last year, the firm posted $0.88 earnings per share. The business's revenue was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, analysts predict that Lumentum Holdings Inc. will post 19.76 EPS for the current year.

Insiders Place Their Bets

In other Lumentum news, CEO Michael E. Hurlston sold 548 shares of the firm's stock in a transaction on 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 sale, the chief executive officer owned 186,951 shares of the company's stock, valued at $179,222,445.66. This trade represents a 0.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jae Kim sold 12,000 shares of Lumentum stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $852.58, for a total transaction of $10,230,960.00. Following the transaction, 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. Insiders have sold a total of 64,563 shares of company stock worth $55,448,750 in the last quarter. Insiders own 0.43% of the company's stock.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI infrastructure demand remains the core bullish driver. Lumentum supplies optical components used in high-speed data-center networks, and investors continue to view its 1.6T transceivers and 200G lasers as beneficiaries of accelerating AI-networking demand.
• Positive Sentiment: Recent operating results provide support. Lumentum’s latest quarter exceeded expectations, with $3.23 in adjusted earnings per share versus a $2.97 consensus estimate and revenue of $1.01 billion, up 109.3% year over year. Q1 fiscal 2027 EPS guidance of $4.05–$4.35 also remains encouraging.
• Neutral Sentiment: Management’s technology-conference appearance offered no clearly new catalyst. Lumentum presented at the Deutsche Bank 2026 Technology Conference, where investors focused on its AI-product outlook, capacity expansion and execution. The supplied transcript did not identify a specific new forecast or announcement. Lumentum Deutsche Bank Technology Conference Transcript
• Negative Sentiment: Sector-wide risk-off trading pressured the stock. Applied Optoelectronics and Lumentum reportedly fell about 6%, while Coherent declined about 5%, as the optics stocks that led the August rally pulled back together. A Barron’s report suggested the declines reflected peer-related sympathy selling rather than company-specific news. Optics Stocks Slide as AI Hardware Trade Cools
• Negative Sentiment: Several insiders sold shares. SVP Jae Kim sold 12,000 shares for approximately $10.2 million, while Vincent Retort sold 38,663 shares for about $33.0 million. CEO Michael Hurlston sold 548 shares for roughly $525,000. The transactions were conducted under pre-arranged Rule 10b5-1 plans, limiting their value as a discretionary bearish signal, but they add a modest overhang after the stock’s substantial rally. SEC CEO Insider Trading Filing
• Negative Sentiment: Valuation and competition heighten volatility. With LITE trading near its 52-week high, investors may be particularly sensitive to profit-taking, execution problems or competition from Cisco and NVIDIA in AI connectivity.

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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