China Universal Asset Management Co. Ltd. Has $4.20 Million Position in Lumentum Holdings Inc. $LITE

China Universal Asset Management Co. Ltd. significantly increased its stake in Lumentum Holdings Inc. by 34.1%, now holding 11,399 shares valued at $4.20 million. This move aligns with a broader institutional interest in Lumentum, driven by strong demand for its products through 2027 and a re-rating towards an AI-driven optical leader, despite some insider selling and a high valuation. Analysts have raised price targets for Lumentum, with a consensus of “Moderate Buy.”

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