China Universal Asset Management Co. Ltd. Invests $1.38 Million in Lumentum Holdings Inc. $LITE

China Universal Asset Management Co. Ltd. purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,500 shares of the technology company’s stock, valued at approximately $1,383,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. WT Asset Management Ltd boosted its holdings in Lumentum by 170.0% in the 3rd quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock valued at $115,558,000 after purchasing an additional 447,208 shares during the last quarter. SG Capital Management LLC raised its position in shares of Lumentum by 340.4% during the 3rd quarter. SG Capital Management LLC now owns 214,121 shares of the technology company’s stock valued at $34,840,000 after buying an additional 165,503 shares during the period. NewEdge Wealth LLC acquired a new position in Lumentum in the third quarter valued at approximately $154,000. Zweig DiMenna Associates LLC lifted its holdings in Lumentum by 19.0% in the third quarter. Zweig DiMenna Associates LLC now owns 130,950 shares of the technology company’s stock valued at $21,307,000 after acquiring an additional 20,950 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Lumentum in the third quarter worth approximately $1,181,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Lumentum Trading Up 5.1%

Shares of LITE stock opened at $667.77 on Friday. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $678.00. The company has a 50 day moving average price of $419.10 and a 200 day moving average price of $271.26. The stock has a market capitalization of $47.68 billion, a P/E ratio of 204.84 and a beta of 1.51. 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 (NASDAQ:LITE) last released its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. During the same period in the prior year, the business earned $0.42 EPS. The firm’s quarterly revenue was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Equities research analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barclays upped their price target on Lumentum to $475.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Bank of America upped their target price on shares of Lumentum to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Mizuho lifted their price target on shares of Lumentum to $645.00 and gave the company an “outperform” rating in a research report on Tuesday. Rosenblatt Securities boosted their price target on shares of Lumentum to $580.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Finally, Stifel Nicolaus increased their price objective on shares of Lumentum to $480.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $447.38.

Insider Activity

In other news, insider Yuen Wupen sold 3,157 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the completion of the transaction, the insider directly owned 88,439 shares of the company’s stock, valued at approximately $47,580,182. The trade was a 3.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Penny Herscher sold 4,849 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $535.48, for a total transaction of $2,596,542.52. Following the completion of the sale, the director directly owned 6,057 shares in the company, valued at approximately $3,243,402.36. This trade represents a 44.46% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 60,473 shares of company stock worth $35,186,972. 0.43% of the stock is currently owned by company insiders.

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.