Allianz Asset Management GmbH Has $12.08 Million Position in Lumentum Holdings Inc. $LITE

Allianz Asset Management GmbH increased its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 19.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,229 shares of the technology company’s stock after acquiring an additional 12,251 shares during the period. Allianz Asset Management GmbH owned about 0.10% of Lumentum worth $12,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. 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 bought a new stake in shares of Lumentum during the 2nd quarter worth $82,983,000. FengHe Fund Management Pte. Ltd. bought a new stake in shares of Lumentum during the 3rd quarter worth $71,771,000. Broad Peak Investment Advisers Pte Ltd acquired a new stake in Lumentum in the second quarter valued at about $41,235,000. Finally, William Blair Investment Management LLC bought a new position in Lumentum in the second quarter valued at about $34,193,000. 94.05% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Jae Kim sold 170 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $246.00, for a total transaction of $41,820.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yuen Wupen sold 822 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total value of $212,865.12. Following the completion of the sale, the insider owned 95,077 shares in the company, valued at $24,621,139.92. The trade was a 0.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 7,180 shares of company stock valued at $1,847,480. Company insiders own 0.43% of the company’s stock.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: JPMorgan raised its price target to $565 and kept an “overweight” rating, signaling confidence in additional upside from Lumentum. JPMorgan raises PT to $565
• Positive Sentiment: Citigroup raised its price target to $560 and maintained a “buy” rating, supporting the bullish analyst momentum. Citigroup raises PT to $560
• Positive Sentiment: Northland published a much higher FY2027 EPS projection ($10.69 vs. street consensus near $0.03), reflecting expectations for sustained margin expansion and accelerated revenue — a strong forward signal for investors. Northland FY2027 EPS estimate
• Positive Sentiment: Company results: Q2 FY2026 reported EPS of $1.67 (vs. $1.41 consensus) and revenue $665.5M (vs. $646.7M); management set Q3 EPS guidance of $2.15–$2.35 — these beats and the guide raise are the core fundamental reason the stock is rising. Earnings call transcript
• Positive Sentiment: Sector/market tailwind: coverage highlighting hyperscaler capex “explosion” points to strong demand for Lumentum’s optical components, bolstering revenue growth expectations. Capex tailwind article
• Neutral Sentiment: Press pieces noting Lumentum hit new all-time highs and extended a multi-day winning streak after earnings — confirms market momentum but is descriptive rather than new catalyst. All-time high coverage
• Neutral Sentiment: Fund/strategy commentary (e.g., Fidelity growth strategy mentions) highlights Lumentum as a high-growth name, supporting institutional interest but not an immediate catalyst. Fund commentary
• Negative Sentiment: B. Riley upgraded Lumentum to “buy” but set a $526 price target (below the stock’s current level), implying limited near-term upside from that shop’s perspective and introducing a potential anchor on further gains. B. Riley upgrade and PT $526

Analyst Upgrades and Downgrades

LITE has been the subject of a number of research reports. B. Riley Financial raised shares of Lumentum from a “neutral” rating to a “buy” rating and increased their target price for the stock from $147.00 to $526.00 in a report on Wednesday. B. Riley Securities upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $147.00 to $526.00 in a research report on Wednesday, February 4th. UBS Group raised their target price on shares of Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Finally, Morgan Stanley increased their price target on Lumentum to $350.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $444.94.

Lumentum Price Performance

LITE stock opened at $551.99 on Monday. The company has a market capitalization of $39.41 billion, a P/E ratio of 169.32 and a beta of 1.51. The company has a fifty day moving average price of $367.68 and a 200-day moving average price of $239.46. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $558.38.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.26. The company had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. Lumentum’s revenue for the quarter was up 65.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

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.