3,181 Shares in Lumentum Holdings Inc. $LITE Bought by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,181 shares of the technology company’s stock, valued at approximately $518,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in Lumentum by 363.9% during the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares during the period. Danske Bank A S acquired a new stake in shares of Lumentum in the third quarter valued at approximately $33,000. MAI Capital Management grew its position in shares of Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after acquiring an additional 96 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Lumentum in the 3rd quarter valued at $49,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Lumentum in the 3rd quarter valued at $49,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Penny Herscher sold 4,000 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $597.29, for a total value of $2,389,160.00. Following the sale, the director directly owned 2,057 shares in the company, valued at $1,228,625.53. This represents a 66.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yuen Wupen sold 3,157 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the sale, the insider directly owned 88,439 shares in the company, valued at approximately $47,580,182. The trade was a 3.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,775 shares of company stock worth $38,851,343 in the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LITE shares. Susquehanna increased their price target on shares of Lumentum to $550.00 and gave the stock a “positive” rating in a research note on Wednesday, February 4th. Needham & Company LLC lifted their target price on Lumentum to $850.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Northland Securities set a $350.00 price objective on shares of Lumentum in a research report on Wednesday, December 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $900.00 target price on shares of Lumentum in a report on Wednesday, March 18th. Finally, TD Cowen began coverage on shares of Lumentum in a report on Thursday, March 12th. They set a “hold” rating and a $675.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $575.06.

Lumentum Stock Performance

LITE opened at $801.99 on Wednesday. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $803.58. The stock has a market cap of $57.26 billion, a P/E ratio of 246.01 and a beta of 1.38. The stock’s 50 day simple moving average is $558.75 and its 200 day simple moving average is $360.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.26. The firm had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm’s revenue for the quarter was up 65.5% on a year-over-year basis. During the same period last year, the firm posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

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.