Danske Bank A S Takes Position in Lumentum Holdings Inc. $LITE

Danske Bank A S bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, HoldingsChannel reports. The firm bought 37,201 shares of the technology company’s stock, valued at approximately $31,921,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LITE. Nomura Asset Management Co. Ltd. raised its stake in shares of Lumentum by 45.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock valued at $136,306,000 after purchasing an additional 114,714 shares during the period. Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Lumentum during the first quarter worth $2,046,000. Styrax Capital LP boosted its stake in shares of Lumentum by 3.6% in the first quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock valued at $98,386,000 after purchasing an additional 4,837 shares during the period. Whittier Trust Co. boosted its stake in shares of Lumentum by 21,806.5% in the first quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock valued at $57,183,000 after purchasing an additional 73,706 shares during the period. Finally, Andar Capital Management HK Ltd acquired a new stake in Lumentum during the 4th quarter valued at $4,325,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lumentum

In other news, insider Vincent Retort sold 3,183 shares of the stock in a transaction dated 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 transaction, the insider owned 114,495 shares of the company’s stock, valued at approximately $104,125,187.85. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Lumentum stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $860.00, for a total value of $3,440,000.00. Following the completion of the transaction, the director owned 8,400 shares of the company’s stock, valued at $7,224,000. This trade represents a 32.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 9,965 shares of company stock valued at $8,993,110. Insiders own 0.43% of the company’s stock.

Lumentum Trading Down 5.2%

LITE opened at $827.60 on Thursday. The stock has a market capitalization of $74.24 billion, a PE ratio of -10.07 and a beta of 1.50. The firm’s fifty day moving average price is $811.06 and its 200 day moving average price is $786.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. Lumentum Holdings Inc. has a 12-month low of $111.20 and a 12-month high of $1,085.68.

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 expect that Lumentum Holdings Inc. will post 16.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LITE has been the topic of several analyst reports. Weiss Ratings downgraded shares of Lumentum from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. Citic Securities upped their price objective on shares of Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. Stifel Nicolaus raised their target price on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. raised their target price on Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, Loop Capital lifted their target price on Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,044.67.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI networking demand is accelerating. Analysts say rising adoption of near-packaged optics (NPO) and co-packaged optics (CPO), along with demand from hyperscale data centers, could drive substantial revenue growth and margin expansion. One analysis expects fiscal 2027 revenue to more than double, while also highlighting opportunities in both merchant and custom chips. Lumentum Upgrade
• Positive Sentiment: Lumentum compares favorably with other AI technology stocks. Recent coverage points to steadier quarter-over-quarter revenue expansion than C3.ai and stronger growth prospects than Applied Optoelectronics, supporting the view that Lumentum is a preferred way to invest in optical networking. AAOI versus Lumentum
• Neutral Sentiment: Analyst sentiment remains favorable, but valuation is demanding. Lumentum has a broad “Moderate Buy” consensus and several price-target increases, yet its approximately 11.4-times sales multiple leaves the stock vulnerable to profit-taking if growth expectations weaken. Lumentum Moderate Buy Rating
• Negative Sentiment: Sector-wide AI risk aversion is the immediate pressure. Reports involving Anthropic and a Wall Street Journal article triggered a selloff in optics and AI hardware shares, raising concerns about the pace or durability of AI infrastructure spending. Optics Stocks Drop on Anthropic News
• Negative Sentiment: Insider selling adds a modest sentiment headwind. Two executives sold shares under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards. Because the sales were planned and the executives retained sizable positions, they appear less significant than discretionary selling. Lumentum Insider Sale

Lumentum 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.