Lumentum Holdings Inc. $LITE Stake Lowered by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 6.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,402 shares of the technology company’s stock after selling 3,669 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.05% of Lumentum worth $47,982,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Jupiter Topco LLC acquired a new position in shares of Lumentum in the 2nd quarter valued at approximately $1,621,396,000. WT Asset Management Ltd purchased a new position in shares of Lumentum during the 2nd quarter valued at approximately $494,688,000. Legal & General Group Plc purchased a new position in shares of Lumentum during the 2nd quarter valued at approximately $376,539,000. Amundi grew its position in shares of Lumentum by 188.7% during the second quarter. Amundi now owns 658,427 shares of the technology company’s stock worth $564,970,000 after buying an additional 430,355 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Lumentum by 163.2% during the first quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock worth $398,590,000 after buying an additional 351,676 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LITE shares. Weiss Ratings lowered shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. Morgan Stanley increased their price objective on shares of Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Mizuho raised their price objective on shares of Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. UBS Group set a $820.00 price objective on shares of Lumentum in a report on Wednesday, August 12th. Finally, Zacks Research cut shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Sixteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and a consensus price target of $1,080.83.

Lumentum Stock Performance

NASDAQ:LITE opened at $752.54 on Friday. Lumentum Holdings Inc. has a twelve month low of $157.40 and a twelve month high of $1,143.00. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $927.74 and a 200-day moving average of $878.60. The firm has a market cap of $68.17 billion, a price-to-earnings ratio of -9.15 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same period in the previous year, the firm earned $0.88 EPS. The business’s revenue for the quarter was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Analysts forecast that Lumentum Holdings Inc. will post 19.79 earnings per share for the current fiscal year.

Insider Transactions at Lumentum

In other Lumentum news, CEO Michael Hurlston sold 548 shares of Lumentum stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $958.66, for a total value of $525,345.68. Following the transaction, the chief executive officer owned 186,951 shares in the company, valued at approximately $179,222,445.66. The trade was a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Wajid Ali sold 24,542 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the completion of the transaction, the chief financial officer directly owned 75,074 shares in the company, valued at $78,715,089. This represents a 24.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 94,496 shares of company stock valued at $85,978,498 in the last 90 days. 0.28% of the stock is owned by corporate insiders.

About Lumentum

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.