Mitsubishi UFJ Trust & Banking Corp Raises Stake in Lumentum Holdings Inc. $LITE

Mitsubishi UFJ Trust & Banking Corp lifted its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 48.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,507 shares of the technology company’s stock after purchasing an additional 3,744 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Lumentum were worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings in Lumentum by 36.8% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after buying an additional 254 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Lumentum by 109.9% in the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after acquiring an additional 6,275 shares during the period. Empowered Funds LLC grew its position in shares of Lumentum by 9.1% during the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after purchasing an additional 680 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Lumentum by 1.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 22,304 shares of the technology company’s stock valued at $2,120,000 after purchasing an additional 310 shares during the period. Finally, Signaturefd LLC boosted its stake in Lumentum by 16.4% in the 2nd quarter. Signaturefd LLC now owns 1,582 shares of the technology company’s stock worth $150,000 after purchasing an additional 223 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Stock Up 2.7%

Shares of NASDAQ:LITE opened at $391.84 on Friday. The company has a market cap of $27.78 billion, a price-to-earnings ratio of 262.98 and a beta of 1.51. Lumentum Holdings Inc. has a 12 month low of $45.65 and a 12 month high of $448.00. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77. The company has a 50-day moving average price of $350.73 and a 200 day moving average price of $224.53.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The business had revenue of $533.80 million for the quarter, compared to the consensus estimate of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The company’s quarterly revenue was up 58.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. As a group, equities research analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC lifted their price objective on shares of Lumentum to $290.00 and gave the company a “buy” rating in a research report on Monday, November 24th. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Wall Street Zen downgraded shares of Lumentum from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Morgan Stanley increased their price objective on shares of Lumentum to $350.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Mizuho set a $455.00 target price on Lumentum in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.06.

Insider Activity at Lumentum

In related news, SVP Jae Kim sold 170 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $246.00, for a total value of $41,820.00. Following the completion of the sale, the senior vice president directly owned 38,400 shares in the company, valued at $9,446,400. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Isaac Hosojiro Harris sold 7,200 shares of Lumentum stock in a transaction on Friday, November 7th. The stock was sold at an average price of $243.32, for a total transaction of $1,751,904.00. Following the transaction, the director directly owned 9,764 shares of the company’s stock, valued at $2,375,776.48. The trade was a 42.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 28,612 shares of company stock worth $7,317,398 in the last ninety days. Corporate insiders own 0.43% of the company’s stock.

Lumentum 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.