Ameritas Investment Partners Inc. Decreases Stock Position in Lumentum Holdings Inc. $LITE

Ameritas Investment Partners Inc. cut its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 20.1% in the fourth quarter, HoldingsChannel reports. The firm owned 19,229 shares of the technology company’s stock after selling 4,836 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Lumentum were worth $7,088,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Lumentum by 0.6% in the third quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock valued at $1,217,930,000 after buying an additional 41,975 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Lumentum by 8,579.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after buying an additional 1,545,199 shares in the last quarter. Geode Capital Management LLC raised its stake in Lumentum by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock valued at $521,563,000 after buying an additional 123,265 shares in the last quarter. Situational Awareness LP raised its stake in Lumentum by 210.9% in the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after buying an additional 880,800 shares in the last quarter. Finally, Norges Bank acquired a new stake in Lumentum in the fourth quarter valued at $474,495,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Lumentum Stock Performance

NASDAQ LITE opened at $853.26 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 52-week low of $81.04 and a 52-week high of $1,085.68. The business’s 50-day moving average price is $890.77 and its 200 day moving average price is $623.20. The firm has a market cap of $66.38 billion, a P/E ratio of 158.01 and a beta of 1.47.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $810.21 million. During the same quarter last year, the company posted $0.57 earnings per share. The business’s revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities research analysts expect that Lumentum Holdings Inc. will post 6.49 earnings per share for the current year.

Insider Activity

In related news, Director Ian Small sold 4,954 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the transaction, the director owned 21,008 shares of the company’s stock, valued at $18,236,414.56. This trade represents a 19.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Yuen Wupen sold 3,210 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $3,062,179.50. Following the transaction, the insider directly owned 81,488 shares in the company, valued at approximately $77,735,477.60. This represents a 3.79% decrease in their position. 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. Over the last 90 days, insiders have sold 41,260 shares of company stock valued at $38,859,220. Insiders own 0.43% of the company’s stock.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Optical-networking stocks, including Lumentum, are rallying as the AI infrastructure trade strengthens again, lifting sentiment across the group. Applied Optoelectronics Jumps 7%, Lumentum Climbs 5%, Coherent Rises 2% as Optics Stocks Ride the AI Boom
• Positive Sentiment: Seeking Alpha published a bullish take on Lumentum, arguing the company remains a key beneficiary of data-center and photonics expansion, with revenue growth still looking strong despite a recent miss. Lumentum: Hard To Step In Front Of This Train
• Positive Sentiment: Analysts remain constructive: Needham reaffirmed a buy rating with a $1,040 target, and Northland reportedly raised its target to $1,200, reinforcing expectations for more upside. Benzinga report on Needham rating
• Positive Sentiment: Market commentary and recent conference coverage suggest growing investor interest in Lumentum’s AI optical-demand story and hyperscaler spending trends. Lumentum Stock Draws Attention as AI Optical Demand Expands
• Neutral Sentiment: A report on Lumentum’s short interest showed essentially no meaningful short position data, so it does not appear to be a major trading driver.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group raised 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. Jefferies Financial Group restated a “buy” rating and issued a $1,200.00 price target on shares of Lumentum in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Lumentum in a research note on Tuesday, April 21st. JPMorgan Chase & Co. raised their price target on Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Rosenblatt Securities raised their price target on Lumentum from $900.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.95.

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.