Danske Bank A S Purchases Shares of 65,000 Lumentum Holdings Inc. $LITE

Danske Bank A S bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 65,000 shares of the technology company’s stock, valued at approximately $55,774,000. Danske Bank A S owned about 0.08% of Lumentum at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LITE. Hilltop National Bank grew its holdings in shares of Lumentum by 26.8% during the 2nd quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock worth $61,000 after purchasing an additional 15 shares during the period. Sachetta LLC increased its position in Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after purchasing an additional 19 shares in the last quarter. Versant Capital Management Inc raised its holdings in Lumentum by 39.5% in the second quarter. Versant Capital Management Inc now owns 106 shares of the technology company’s stock valued at $91,000 after buying an additional 30 shares during the period. Hilton Head Capital Partners LLC acquired a new position in Lumentum during the first quarter valued at approximately $25,000. Finally, Abel Hall LLC lifted its position in Lumentum by 5.5% during the first quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock valued at $487,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LITE. TD Cowen upped their price target on shares of Lumentum from $800.00 to $820.00 and gave the stock a “hold” rating in a research report on Wednesday, August 12th. Weiss Ratings cut Lumentum from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. Northland Securities upped their target price on Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Citic Securities increased their target price on Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. Finally, Morgan Stanley raised their target price on Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,044.67.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI-driven growth remains the bullish case. Lumentum’s exposure to optical components used in AI data-center networks, along with expectations for rising margins and stronger fiscal 2027 earnings, continues to support the long-term growth narrative. Lumentum Stock Is Overvalued at 11.4X P/S: Should You Still Buy It?
• Positive Sentiment: Broker sentiment remains constructive. Analysts collectively assign Lumentum an average “Moderate Buy” rating, providing ongoing support despite the recent volatility. Lumentum Receives Average Rating of Moderate Buy
• Neutral Sentiment: Valuation is a central debate. At approximately 11.4 times sales, Lumentum trades at a demanding multiple after substantial multi-year gains. While a discounted-cash-flow analysis indicates potential upside, market-based valuation measures suggest the stock may already reflect considerable optimism. Lumentum Stock Looks Fully Priced Despite Cash Flow Upside
• Negative Sentiment: Risk aversion is weighing on optics stocks. Reports concerning Anthropic and a Wall Street Journal article have triggered a selloff across AI hardware names, with Lumentum among the affected optics companies. The move indicates investors are taking profits and questioning near-term AI spending or demand expectations. Optics Stocks Drop on Anthropic News
• Negative Sentiment: The recent rally has increased downside sensitivity. Lumentum had rallied alongside Coherent and AXT after indium phosphide price hikes, but the reversal shows how quickly sentiment can change when sector-wide AI concerns emerge. Optics Stocks Rally on Indium Phosphide Price Hikes

Insider Buying and Selling at Lumentum

In other Lumentum news, insider Vincent Retort sold 3,183 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $909.43, for a total transaction of $2,894,715.69. Following the completion of the sale, the insider owned 114,495 shares in the company, valued at $104,125,187.85. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, SVP Jae Kim sold 1,366 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $909.43, for a total transaction of $1,242,281.38. Following the sale, the senior vice president directly owned 45,973 shares in the company, valued at $41,809,225.39. This trade represents a 2.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders have sold 14,919 shares of company stock worth $13,293,529 in the last ninety days. 0.43% of the stock is currently owned by company insiders.

Lumentum Trading Down 9.9%

NASDAQ LITE opened at $873.31 on Wednesday. Lumentum Holdings Inc. has a 12 month low of $111.20 and a 12 month high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The company has a market capitalization of $67.94 billion, a price-to-earnings ratio of -10.62 and a beta of 1.50. The company’s fifty day moving average price is $811.58 and its two-hundred day moving average price is $783.10.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data 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 company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The firm’s revenue for the quarter was up 109.3% compared to the same quarter last year. During the same period last year, the business earned $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, research analysts predict that Lumentum Holdings Inc. will post 16.97 earnings per share for the current fiscal year.

Lumentum Company 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.