BNP Paribas Has $258,000 Stake in Lumentum Holdings Inc. $LITE

BNP Paribas cut its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 50.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 700 shares of the technology company’s stock after selling 700 shares during the quarter. BNP Paribas’ holdings in Lumentum were worth $258,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BW Gestao de Investimentos Ltda. acquired a new position in Lumentum during the fourth quarter worth approximately $12,929,000. New Mexico Educational Retirement Board boosted its stake in shares of Lumentum by 3.6% during the 4th quarter. New Mexico Educational Retirement Board now owns 14,500 shares of the technology company’s stock worth $5,345,000 after acquiring an additional 500 shares during the period. Reaves W H & Co. Inc. bought a new position in shares of Lumentum during the 4th quarter worth approximately $7,556,000. Florida Financial Advisors LLC acquired a new position in shares of Lumentum during the 4th quarter worth approximately $2,003,000. Finally, Nomura Asset Management Co. Ltd. raised its stake in Lumentum by 45.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock valued at $136,306,000 after acquiring an additional 114,714 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insiders Place Their Bets

In other Lumentum news, CFO Wajid Ali sold 2,487 shares of Lumentum stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $2,372,473.65. Following the transaction, the chief financial officer owned 60,951 shares in the company, valued at $58,144,206.45. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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. Also, insider Vincent Retort sold 3,183 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $3,036,422.85. Following the transaction, the insider owned 89,563 shares of the company’s stock, valued at approximately $85,438,623.85. This represents a 3.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 39,844 shares of company stock valued at $37,443,107 over the last ninety days. 0.43% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LITE shares. Stifel Nicolaus boosted their price objective on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Northland Securities set a $1,000.00 price target on Lumentum in a report on Monday, April 20th. BNP Paribas Exane increased their price objective on Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and issued a $1,014.00 price target on shares of Lumentum in a research report on Wednesday, May 6th. Finally, UBS Group boosted their price target on Lumentum from $455.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,012.43.

Lumentum Stock Performance

Shares of NASDAQ:LITE opened at $1,029.15 on Wednesday. Lumentum Holdings Inc. has a 1 year low of $75.62 and a 1 year high of $1,085.68. The stock has a market capitalization of $80.07 billion, a price-to-earnings ratio of 190.58 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The company’s 50 day simple moving average is $865.06 and its 200 day simple moving average is $590.51.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm had revenue of $808.40 million for the quarter, compared to the consensus estimate of $810.21 million. During the same quarter last year, the business posted $0.57 EPS. The company’s revenue was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, research analysts predict that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum was one of the optical networking stocks benefiting from Nvidia-related comments about the rising need for optical interconnects in AI data centers. Lumentum, Corning among gainers in optical networking as Nvidia praises Marvell
• Positive Sentiment: Analysts and market coverage highlighted Lumentum’s AI laser chip momentum, including record EML shipments, strong 200G demand, and expanding co-packaged optics opportunities. Lumentum’s AI Laser Chip Momentum Builds: More Upside Ahead?
• Positive Sentiment: Traders also pointed to a bullish “Power Inflow” signal, suggesting strong buying interest and momentum in the shares. Lumentum Shares Rise Over 7 Percent After Key Trading Signal
• Positive Sentiment: Lumentum announced it will reduce convertible debt through a private share exchange, which can improve the balance sheet and reduce financial risk. Lumentum Reduces Convertible Debt Through Private Share Exchange
• Neutral Sentiment: Coverage noted new U.S. indium phosphide capacity plans and a future North Carolina facility, signaling longer-term investment in AI optics production rather than an immediate earnings impact. Lumentum Targets AI Optics Growth With New US Indium Phosphide Capacity

Lumentum Company 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.