iA Global Asset Management Inc. Decreases Stock Holdings in Lumentum Holdings Inc. $LITE

iA Global Asset Management Inc. reduced its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 54.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 40,600 shares of the technology company’s stock after selling 47,570 shares during the quarter. iA Global Asset Management Inc.’s holdings in Lumentum were worth $6,606,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LITE. Hood River Capital Management LLC lifted its stake in Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after purchasing an additional 994,551 shares during the last quarter. Norges Bank acquired a new stake in Lumentum during the second quarter worth approximately $82,983,000. FengHe Fund Management Pte. Ltd. purchased a new stake in shares of Lumentum during the 3rd quarter worth approximately $71,771,000. Broad Peak Investment Advisers Pte Ltd acquired a new position in shares of Lumentum in the 2nd quarter valued at $41,235,000. Finally, William Blair Investment Management LLC acquired a new position in shares of Lumentum in the 2nd quarter valued at $34,193,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Transactions at Lumentum

In other news, SVP Jae Kim sold 1,367 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $234.14, for a total transaction of $320,069.38. Following the transaction, the senior vice president directly owned 38,570 shares of the company’s stock, valued at $9,030,779.80. This represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Pamela Fletcher sold 3,421 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total transaction of $935,746.13. Following the completion of the transaction, the director owned 10,561 shares of the company’s stock, valued at $2,888,750.33. This represents a 24.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 28,612 shares of company stock valued at $7,317,398 in the last three months. Insiders own 0.43% of the company’s stock.

Lumentum Trading Down 4.3%

NASDAQ LITE opened at $339.19 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77. The stock has a market capitalization of $24.05 billion, a P/E ratio of 227.65 and a beta of 1.51. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $402.79. The firm has a 50-day moving average price of $338.45 and a 200 day moving average price of $214.79.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The business had revenue of $533.80 million during 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 revenue for the quarter was up 58.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Equities research analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LITE shares. Stifel Nicolaus upped their price objective on shares of Lumentum from $220.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday. Wolfe Research reissued an “outperform” rating and issued a $240.00 target price on shares of Lumentum in a report on Wednesday, November 5th. B. Riley raised their price target on Lumentum from $83.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Rosenblatt Securities lifted their price target on Lumentum to $380.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Finally, Needham & Company LLC boosted their price objective on Lumentum to $290.00 and gave the company a “buy” rating in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Lumentum currently has a consensus rating of “Moderate Buy” and an average price target of $285.19.

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.