Lumentum Holdings Inc. $LITE Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 157.1% during the third quarter, HoldingsChannel.com reports. The firm owned 183,399 shares of the technology company’s stock after buying an additional 112,076 shares during the period. Pictet Asset Management Holding SA’s holdings in Lumentum were worth $178,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Allen Investment Management LLC lifted its position in Lumentum by 2.8% in the third quarter. Allen Investment Management LLC now owns 25,395 shares of the technology company’s stock worth $24,665,000 after purchasing an additional 697 shares during the period. Alps Advisors Inc. boosted its stake in Lumentum by 13.7% during the third quarter. Alps Advisors Inc. now owns 540 shares of the technology company’s stock worth $524,000 after buying an additional 65 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Lumentum during the third quarter worth $236,000. Ariose Capital Management Ltd bought a new stake in Lumentum in the 3rd quarter valued at $9,523,000. Finally, Alta Advisers Ltd increased its holdings in Lumentum by 110.4% in the 3rd quarter. Alta Advisers Ltd now owns 646 shares of the technology company’s stock valued at $627,000 after buying an additional 339 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Lumentum Price Performance

Lumentum stock opened at $538.59 on Monday. The business has a 50 day simple moving average of $894.13 and a 200 day simple moving average of $801.60. 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 company has a market capitalization of $48.85 billion, a PE ratio of -6.84 and a beta of 1.64. Lumentum Holdings Inc. has a one year low of $215.35 and a one year high of $1,143.00.

Lumentum (NASDAQ:LITE) last announced its quarterly 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. Lumentum had a positive return on equity of 28.85% and a negative net margin of 175.82%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The business’s revenue was up 136.5% compared to the same quarter last year. On average, sell-side analysts forecast that Lumentum Holdings Inc. will post 19.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LITE has been the subject of a number of recent research reports. Needham & Company LLC dropped their price objective on shares of Lumentum from $1,040.00 to $800.00 and set a “buy” rating for the company in a research note on Tuesday, November 3rd. Morgan Stanley raised their price objective on shares of Lumentum from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. Bank of America decreased their target price on shares of Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. B. Riley Financial cut shares of Lumentum from a “buy” rating to a “neutral” rating and lowered their target price for the company from $1,142.00 to $770.00 in a research note on Tuesday, November 3rd. Finally, Sanford C. Bernstein initiated coverage on shares of Lumentum in a research report on Wednesday, September 30th. They issued an “outperform” rating and a $1,220.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,081.61.

Insider Activity at Lumentum

In other news, SVP Jae Kim sold 12,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total value of $10,230,960.00. Following the sale, the senior vice president owned 37,804 shares of the company’s stock, valued at approximately $32,230,934.32. This represents a 24.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 of the company’s stock, valued at $179,222,445.66. This trade represents a 0.29% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 94,496 shares of company stock valued at $85,978,498. Insiders own 0.28% of the company’s stock.

Lumentum News Summary

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

Lumentum Company Profile

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.