Lumentum Holdings Inc. $LITE Stock: Fulcrum Asset Management LLP Raises Holdings

Fulcrum Asset Management LLP raised its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 500.4% in the third quarter, HoldingsChannel reports. The fund owned 7,541 shares of the technology company’s stock after acquiring an additional 6,285 shares during the period. Fulcrum Asset Management LLP’s holdings in Lumentum were worth $7,341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in Lumentum by 12.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 132,541 shares of the technology company’s stock valued at $138,609,000 after purchasing an additional 14,841 shares during the period. Candriam S.C.A. grew its holdings in Lumentum by 30.5% in the 3rd quarter. Candriam S.C.A. now owns 6,882 shares of the technology company’s stock valued at $6,709,000 after buying an additional 1,607 shares in the last quarter. Ethic Inc. grew its holdings in Lumentum by 17.1% in the 3rd quarter. Ethic Inc. now owns 8,796 shares of the technology company’s stock valued at $8,544,000 after buying an additional 1,283 shares in the last quarter. 180 Wealth Advisors LLC increased its position in Lumentum by 6.8% during the 3rd quarter. 180 Wealth Advisors LLC now owns 1,658 shares of the technology company’s stock worth $1,610,000 after buying an additional 105 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in Lumentum by 157.1% during the 3rd quarter. Pictet Asset Management Holding SA now owns 183,399 shares of the technology company’s stock worth $178,128,000 after buying an additional 112,076 shares during the period. Institutional investors own 94.05% of the company’s stock.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Some commentary sees Lumentum as potentially undervalued after Marvell agreed to acquire it, arguing the deal highlights demand for optical interconnects—a potential bottleneck in AI data centers. Lumentum’s shares also rose alongside a broader recovery in optical stocks. Article: Lumentum Holdings Could Be 90% Undervalued Following The Marvell Deal Article: Optical stocks rally
• Neutral Sentiment: The proposed all-stock Marvell deal values Lumentum at about $115 billion, with Lumentum shareholders set to receive 4.5 Marvell shares per share. That is not a fixed cash offer: its implied value will move with Marvell’s stock. The transaction is expected to take time to close and remains subject to regulatory approval. Article: Marvell Agreed to Pay $1,132 a Share for Lumentum
• Positive Sentiment: A bullish technical view says Lumentum is oversold after a steep decline, while analysts’ earnings-estimate increases could support a recovery. Article: Lumentum is Poised for a Turnaround
• Negative Sentiment: Recent pressure reflects a broader sell-off in AI and optical shares, alongside analyst downgrades and lower price expectations. The sharp recent declines suggest investors remain cautious despite the proposed acquisition and the latest rebound. Article: Lumentum Shares Down After Analyst Downgrade Article: AI optical stocks slide

Insiders Place Their Bets

In other Lumentum news, SVP Jae Kim sold 12,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total transaction of $10,230,960.00. Following the sale, the senior vice president directly owned 37,804 shares in the company, valued at $32,230,934.32. This represents a 24.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael E. Hurlston sold 548 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $958.66, for a total transaction of $525,345.68. Following the sale, the chief executive officer owned 186,951 shares in the company, valued at $179,222,445.66. The trade was a 0.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 94,496 shares of company stock valued at $85,978,498 over the last 90 days. 0.28% of the stock is owned by company insiders.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $538.59 on Monday. The stock has a market capitalization of $48.85 billion, a PE ratio of -6.84 and a beta of 1.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.61 and a quick ratio of 1.27. The business has a fifty day moving average price of $894.13 and a two-hundred day moving average price of $801.60. Lumentum Holdings Inc. has a fifty-two week low of $215.35 and a fifty-two week high of $1,143.00.

Lumentum (NASDAQ:LITE) last released its earnings results on Monday, November 2nd. The technology company reported $4.57 earnings per share for the quarter, beating analysts’ consensus estimates of $4.22 by $0.35. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. Lumentum had a positive return on equity of 28.85% and a negative net margin of 175.82%. The company’s revenue was up 136.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. As a group, equities analysts predict that Lumentum Holdings Inc. will post 19.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LITE has been the subject of a number of research reports. Rosenblatt Securities dropped their target price on Lumentum from $1,300.00 to $900.00 and set a “buy” rating for the company in a report on Tuesday, November 3rd. Jefferies Financial Group upped their price target on shares of Lumentum from $1,200.00 to $1,250.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Deutsche Bank Aktiengesellschaft began coverage on shares of Lumentum in a research report on Monday, August 31st. They set a “buy” rating and a $1,200.00 price target on the stock. Zacks Research cut shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Finally, Susquehanna dropped their price objective on shares of Lumentum from $1,100.00 to $950.00 and set a “positive” rating for the company in a research note on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and a consensus price target of $1,081.61.

About Lumentum

Lumentum Holdings Inc develops and manufactures optical and photonic products used in communications networks and industrial applications. Its offerings include optical components, modules and lasers that help transmit and process data across telecommunications and data center networks.

The company also supplies lasers and related technologies for industrial uses, including precision manufacturing and semiconductor production. Its products serve customers in markets around the world.

Lumentum became an independent public company in 2015 through a spin-off from JDSU, now Viavi Solutions.