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

03 Jun 2026, 03:09 by Amy Steele · The Cerbat Gem

BNP Paribas trimmed its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 50.0% during the fourth quarter, HoldingsChannel reports. The fund 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LITE. EverSource Wealth Advisors LLC grew its position in shares of Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after buying an additional 131 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Lumentum during the fourth quarter worth about $28,000. Danske Bank A S acquired a new position in shares of Lumentum in the third quarter worth approximately $33,000. Harbour Investments Inc. boosted its holdings in Lumentum by 675.0% in the fourth quarter. Harbour Investments Inc. now owns 93 shares of the technology company’s stock valued at $34,000 after acquiring an additional 81 shares during the last quarter. Finally, Chesapeake Asset Management LLC bought a new stake in Lumentum in the fourth quarter valued at approximately $37,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Lumentum Stock Performance

Shares of LITE stock opened at $1,029.15 on Wednesday. The firm has a 50 day moving average of $865.06 and a 200-day moving average of $590.51. The company has a market cap of $80.07 billion, a price-to-earnings ratio of 190.58 and a beta of 1.47. 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 $75.62 and a 52 week high of $1,085.68.

Lumentum (NASDAQ:LITE – Get Free Report) last issued its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.10. The business had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. Lumentum’s revenue was up 90.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities analysts forecast that Lumentum Holdings Inc. will post 6.49 earnings per share for the current year.

Key Lumentum News

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

Insiders Place Their Bets

In other Lumentum news, SVP Jae Kim sold 1,422 shares of the firm’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 value of $1,356,516.90. Following the completion of the sale, the senior vice president owned 32,333 shares of the company’s stock, valued at approximately $30,844,065.35. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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, Director Isaac Hosojiro Harris sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $860.00, for a total value of $3,440,000.00. Following the sale, the director owned 8,400 shares of the company’s stock, valued at approximately $7,224,000. This represents a 32.26% 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. Insiders sold a total of 39,844 shares of company stock worth $37,443,107 over the last three months. Insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LITE shares. UBS Group raised their price target on shares of Lumentum from $455.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and set a $1,014.00 price objective on shares of Lumentum in a research report on Wednesday, May 6th. Susquehanna lifted their target price on shares of Lumentum from $550.00 to $1,100.00 and gave the stock a “positive” rating in a research note on Monday, April 20th. TD Cowen boosted their target price on shares of Lumentum from $875.00 to $995.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Finally, Needham & Company LLC upped their price target on shares of Lumentum from $880.00 to $1,040.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,012.43.

Read Our Latest Analysis on LITE

Lumentum Company Profile

(Free Report)

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.