Meiji Yasuda Asset Management Co Ltd. Takes $264,000 Position in Lumentum Holdings Inc. $LITE

Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,622 shares of the technology company’s stock, valued at approximately $264,000.

Several other hedge funds also recently made changes to their positions in LITE. Hood River Capital Management LLC increased its position in shares of Lumentum by 82.1% in the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after buying an additional 994,551 shares in the last quarter. Norges Bank acquired a new stake in Lumentum in the 2nd quarter valued at about $82,983,000. WT Asset Management Ltd raised its position in Lumentum by 170.0% during the third quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock worth $115,558,000 after acquiring an additional 447,208 shares during the last quarter. FengHe Fund Management Pte. Ltd. acquired a new position in Lumentum during the third quarter worth about $71,771,000. Finally, Channing Capital Management LLC lifted its holdings in shares of Lumentum by 61.0% in the second quarter. Channing Capital Management LLC now owns 948,334 shares of the technology company’s stock valued at $90,149,000 after purchasing an additional 359,394 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Buying and Selling at Lumentum

In other Lumentum news, insider Yuen Wupen sold 3,157 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the completion of the sale, the insider directly owned 88,439 shares in the company, valued at $47,580,182. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Wajid Ali sold 5,302 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the sale, the chief financial officer directly owned 66,287 shares of the company’s stock, valued at $45,812,934.31. The trade was a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 65,775 shares of company stock valued at $38,851,343. 0.43% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on LITE shares. Needham & Company LLC lifted their price objective on Lumentum to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Mizuho boosted their price objective on shares of Lumentum to $645.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. raised their target price on shares of Lumentum to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $542.07.

Lumentum Stock Performance

NASDAQ:LITE opened at $672.00 on Wednesday. The company has a market cap of $47.98 billion, a P/E ratio of 206.13 and a beta of 1.38. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $494.27 and its two-hundred day moving average is $321.03. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $783.80.

Lumentum (NASDAQ:LITE) last issued its earnings results 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. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The business had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. During the same period last year, the company posted $0.42 EPS. The business’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. Analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: S&P 500 inclusion creates a predictable institutional bid (passive funds must buy shares ahead of the effective date), helping explain the recent surge in volume and price. These 2 AI Stocks Just Got a Massive S&P 500 Catalyst (LITE)
• Positive Sentiment: NVIDIA relationship/backing (reports of strategic partnership and capital) is reframing Lumentum as a critical supplier to AI data‑center buildouts, driving investor confidence in its addressable market. How The Lumentum (LITE) Story Is Shifting With Nvidia Ties And New Analyst Targets
• Positive Sentiment: Rosenblatt upgraded Lumentum’s outlook (price target raised substantially), citing higher earnings expectations tied to NVIDIA’s involvement — an analyst endorsement that supports more upside and institutional interest. Rosenblatt is Bullish on Lumentum Holdings Inc. (LITE)
• Positive Sentiment: Short‑term momentum: optics/photonic peers are ripping higher and S&P rebalancing headlines have triggered front‑running and momentum flows (several outlets reported double‑digit moves in the sector), amplifying the price move. Lumentum Soars After S&P Rebalance Ahead of Vertiv, EchoStar, and Coherent
• Neutral Sentiment: Broader thesis: analysts and sector commentary highlight photonics as a long‑term AI infrastructure play (optical switch/transceiver demand), which supports higher structural growth but is more of a multi‑quarter story than an immediate catalyst. De-Clogging the Future: Why Photonics is AI’s Ultimate Growth Engine
• Negative Sentiment: Valuation risk: several pieces note Lumentum trades at a premium (e.g., elevated P/S and P/E multiples), which raises the risk of pullbacks if near‑term execution or macro flows disappoint. Should Investors Buy LITE Stock Despite 9.58x P/S Premium Valuation?

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.