2,029 Shares in Lumentum Holdings Inc. $LITE Purchased by Parametrica Management Ltd

Parametrica Management Ltd bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,029 shares of the technology company’s stock, valued at approximately $1,971,000. Lumentum accounts for approximately 1.4% of Parametrica Management Ltd’s portfolio, making the stock its 13th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Jupiter Topco LLC acquired a new stake in Lumentum during the 2nd quarter worth $1,621,396,000. Amundi raised its holdings in shares of Lumentum by 188.7% in the second quarter. Amundi now owns 658,427 shares of the technology company’s stock valued at $564,970,000 after buying an additional 430,355 shares during the last quarter. WT Asset Management Ltd purchased a new stake in shares of Lumentum in the second quarter valued at about $494,688,000. Janus Henderson Group PLC raised its holdings in shares of Lumentum by 163.2% in the first quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock valued at $398,590,000 after buying an additional 351,676 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of Lumentum during the second quarter worth about $376,539,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: New bullish analyst coverage: StoneX initiated coverage with a Buy rating and a $1,200 target, citing “critical scarcity points” in optical components. BNP Paribas also raised its target to $1,425. These targets imply substantial upside and helped drive buying across the optical sector. StoneX starts coverage with USD 1,200 target for Lumentum stock
• Positive Sentiment: Strong AI-related demand: Reports indicate Lumentum’s AI components are effectively sold out, potentially through 2029. Demand for 200G EMLs, high-power lasers and other optical products is being driven by data-center and AI-compute expansion. Lumentum stock surges as AI components are sold out
• Positive Sentiment: Favorable industry backdrop: Evercore ISI said optical stocks are benefiting from AI-driven bandwidth requirements, improving fundamentals and tight supply. Lumentum, Ciena, Coherent and Nokia all participated in the sector rally. Analyst explains why optical stocks are moving higher
• Positive Sentiment: Product development: Lumentum’s demonstration of AI rack optics supports the company’s positioning in next-generation data-center connectivity. Its prior earnings report also showed revenue growth of 109.3% year over year and earnings above consensus, while management guided to $4.05–$4.35 in next-quarter EPS. Lumentum announces AI rack optics demonstration
• Neutral Sentiment: Earnings are the next catalyst: The rally has continued ahead of Lumentum’s upcoming results, increasing the importance of its outlook for AI demand, capacity expansion and margins.
• Negative Sentiment: Valuation and execution risks: Analysts caution that being sold out does not automatically mean demand can scale. InP-fab capacity constraints and reliance on optical-circuit-switching expansion could limit growth, while the stock’s sharp multi-year advance leaves it vulnerable to profit-taking if earnings or guidance disappoint. Lumentum sold out is not the same as scalable

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LITE. Evercore started coverage on Lumentum in a research report on Monday, August 31st. They issued an “outperform” rating and a $1,100.00 price target on the stock. UBS Group set a $820.00 price objective on Lumentum in a research note on Wednesday, August 12th. TD Cowen increased their price objective on Lumentum from $800.00 to $820.00 and gave the stock a “hold” rating in a research report on Wednesday, August 12th. Raymond James Financial reiterated an “outperform” rating and issued a $1,036.00 target price on shares of Lumentum in a research note on Wednesday, August 12th. Finally, Jefferies Financial Group boosted their target price on Lumentum from $1,200.00 to $1,250.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,080.83.

Insider Activity at Lumentum

In other news, CEO Michael E. Hurlston sold 548 shares of Lumentum stock in a transaction that occurred on Thursday, August 27th. The shares were 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 directly owned 186,951 shares in the company, valued at approximately $179,222,445.66. This trade represents a 0.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Yuen Wupen sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $827.82, for a total value of $1,241,730.00. Following the completion of the sale, the insider owned 100,434 shares in the company, valued at approximately $83,141,273.88. This represents a 1.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 94,496 shares of company stock valued at $85,978,498 in the last ninety days. Company insiders own 0.28% of the company’s stock.

Lumentum Trading Up 5.9%

NASDAQ LITE opened at $866.18 on Wednesday. The business’s 50 day moving average is $921.02 and its two-hundred day moving average is $786.82. Lumentum Holdings Inc. has a 12-month low of $184.20 and a 12-month high of $1,143.00.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. The business’s revenue for the quarter was up 109.3% compared to the same quarter last year. During the same period last year, the company earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Research analysts anticipate that Lumentum Holdings Inc. will post 19.79 earnings per share for the current year.

About Lumentum

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.