Handelsbanken Fonder AB Trims Holdings in Lumentum Holdings Inc. $LITE

Handelsbanken Fonder AB lowered its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 3.5% in the second quarter, Holdings Channel reports. The institutional investor owned 19,447 shares of the technology company’s stock after selling 700 shares during the quarter. Handelsbanken Fonder AB’s holdings in Lumentum were worth $1,849,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LITE. Vanguard Group Inc. raised its holdings in Lumentum by 0.6% in the first quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock valued at $463,198,000 after acquiring an additional 47,811 shares in the last quarter. PointState Capital LP acquired a new stake in shares of Lumentum in the 1st quarter valued at about $213,503,000. Atreides Management LP lifted its position in shares of Lumentum by 6.8% during the first quarter. Atreides Management LP now owns 1,875,257 shares of the technology company’s stock worth $116,904,000 after purchasing an additional 119,938 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Lumentum by 1.1% during the first quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company’s stock worth $107,913,000 after purchasing an additional 19,085 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Lumentum by 0.8% in the second quarter. Geode Capital Management LLC now owns 1,260,940 shares of the technology company’s stock valued at $119,884,000 after buying an additional 10,027 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on LITE. Wall Street Zen downgraded Lumentum from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. raised their price objective on Lumentum from $145.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Stifel Nicolaus set a $220.00 target price on shares of Lumentum in a research note on Wednesday, November 5th. UBS Group increased their target price on shares of Lumentum from $78.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Finally, Needham & Company LLC lifted their price target on shares of Lumentum to $290.00 and gave the company a “buy” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and an average price target of $202.50.

Lumentum Stock Performance

LITE stock opened at $308.28 on Thursday. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $312.99. The stock has a market capitalization of $21.86 billion, a price-to-earnings ratio of 206.90 and a beta of 1.48. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37. The stock’s fifty day moving average is $197.47 and its two-hundred day moving average is $136.80.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The business had revenue of $533.80 million for the quarter, compared to analysts’ expectations of $525.10 million. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The company’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, research analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Insider Buying and Selling

In related news, Director Isaac Hosojiro Harris sold 7,200 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $243.32, for a total value of $1,751,904.00. Following the sale, the director directly owned 9,764 shares in the company, valued at $2,375,776.48. This trade represents a 42.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jae Kim sold 170 shares of Lumentum stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $246.00, for a total value of $41,820.00. Following the sale, the senior vice president directly owned 38,400 shares in the company, valued at $9,446,400. The trade was a 0.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 28,612 shares of company stock valued at $7,317,398 in the last ninety days. Insiders own 0.43% of the company’s stock.

Lumentum Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.