Lumentum Holdings Inc. $LITE Stock Bought by Franchise GP Ltd

16 Oct 2026, 11:05 by Tristan Rich · The Markets Daily

Franchise GP Ltd grew its stake in Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 201.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,880 shares of the technology company’s stock after acquiring an additional 9,280 shares during the quarter. Lumentum comprises approximately 5.7% of Franchise GP Ltd’s portfolio, making the stock its 9th biggest holding. Franchise GP Ltd’s holdings in Lumentum were worth $13,481,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in LITE. Jupiter Topco LLC purchased a new stake in Lumentum during the 2nd quarter worth about $1,621,396,000. WT Asset Management Ltd acquired a new position in Lumentum in the 2nd quarter valued at about $494,688,000. Legal & General Group Plc acquired a new position in Lumentum in the 2nd quarter valued at about $376,539,000. Amundi raised its stake in Lumentum by 188.7% in the 2nd quarter. Amundi now owns 658,427 shares of the technology company’s stock valued at $564,970,000 after purchasing an additional 430,355 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Lumentum by 163.2% in the 1st quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock valued at $398,590,000 after purchasing an additional 351,676 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Transactions at Lumentum

In other news, CFO Wajid Ali sold 24,542 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the transaction, the chief financial officer owned 75,074 shares of the company’s stock, valued at approximately $78,715,089. This trade represents a 24.64% decrease in their position. The sale 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. Also, insider Yuen Wupen sold 307 shares of the company’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $945.00, for a total transaction of $290,115.00. Following the sale, the insider directly owned 108,320 shares of the company’s stock, valued at approximately $102,362,400. This trade represents a 0.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 94,496 shares of company stock valued at $85,978,498 in the last quarter. Company insiders own 0.28% of the company’s stock.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: Analyst price targets remain above the current share price. A survey of 23 analysts produced an average target of $1,078.75, implying substantial potential upside, while Stifel raised its target from $1,100 to $1,232. These targets indicate that some analysts still expect strong demand for Lumentum’s photonics and optical components. 23 analysts set USD 1,078.75 target for Lumentum stock Stifel raised target for Lumentum stock
Positive Sentiment: The long-term AI investment case remains intact. Investor commentary highlights Lumentum’s transformation from a cyclical smartphone laser supplier into a key provider of optical technology for AI infrastructure. Its recent earnings growth and stronger order book support the longer-term bullish thesis, although the article does not provide a new near-term catalyst. The Long-Term Investment Case for Lumentum
Neutral Sentiment: Sector sentiment is deteriorating. Optical suppliers, including Lumentum, Coherent, and Applied Optoelectronics, are falling together as money rotates toward defensive sectors and investors question how quickly AI data-center projects will be funded. This appears to be a valuation and sentiment-driven pullback across the group. Optical Stocks Extend Slide as Money Rotates Into Defensives
Negative Sentiment: Zacks downgraded LITE from Strong Buy to Hold. The less bullish recommendation is weighing on the stock, particularly after its substantial rally and amid broader concerns about AI infrastructure spending. Zacks downgrades Lumentum to Hold

Lumentum Stock Performance

Shares of LITE stock opened at $869.54 on Friday. The firm has a market capitalization of $78.76 billion, a price-to-earnings ratio of -10.58 and a beta of 1.53. The company has a 50 day moving average price of $932.80 and a 200 day moving average price of $876.43. Lumentum Holdings Inc. has a one year low of $152.54 and a one year high of $1,143.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68.

Lumentum (NASDAQ:LITE – Get Free Report) last issued its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.26. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. The business’s quarterly revenue was up 109.3% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Sell-side analysts anticipate that Lumentum Holdings Inc. will post 19.79 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LITE. Raymond James Financial reaffirmed an “outperform” rating and set a $1,036.00 price target on shares of Lumentum in a research note on Wednesday, August 12th. UBS Group set a $820.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. Sanford C. Bernstein initiated coverage on shares of Lumentum in a research note on Wednesday, September 30th. They set an “outperform” rating and a $1,220.00 price objective on the stock. Mizuho raised their target price on shares of Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Lumentum in a report on Monday, August 31st. They set a “buy” rating and a $1,200.00 price objective on the stock. Sixteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,078.75.

Check Out Our Latest Report on Lumentum

Lumentum Company Profile

(Free Report)

Lumentum Holdings Inc is a photonics and optical technology company that develops and manufactures products used to transmit, process and manage light. Its solutions support communications networks, data centers, cloud computing infrastructure, industrial applications, and other technology markets that rely on high-speed optical connectivity and precision lasers.

The company’s product portfolio includes optical components and modules for telecommunications and networking, lasers and laser systems, optical amplifiers, wavelength-management products, and photonic subsystems.