84,127 Shares in Lumentum Holdings Inc. $LITE Purchased by Nykredit A S

Nykredit A S bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 84,127 shares of the technology company’s stock, valued at approximately $72,186,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hilton Head Capital Partners LLC purchased a new position in Lumentum during the 1st quarter valued at $25,000. Sachetta LLC lifted its position in shares of Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after purchasing an additional 19 shares during the last quarter. Truvestments Capital LLC boosted its stake in shares of Lumentum by 300.0% during the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after purchasing an additional 57 shares during the period. Triumph Capital Management bought a new position in shares of Lumentum in the fourth quarter worth about $30,000. Finally, Danske Bank A S bought a new position in Lumentum in the 3rd quarter worth about $33,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Evercore begins coverage with an Outperform rating: Evercore initiated coverage with a $1,100 price target, indicating meaningful potential upside from the referenced trading level. The call strengthens Lumentum’s generally favorable analyst outlook, which includes a Moderate Buy consensus and an average target of about $1,054. Evercore Lumentum Coverage
• Positive Sentiment: AI demand remains the primary growth catalyst: Lumentum is benefiting from rising demand for optical interconnects used in AI data centers. Its work on optical circuit switching, co-packaged optics and near-package optics could expand its addressable market. Recent earnings also showed strong momentum, with revenue more than doubling year over year and adjusted EPS exceeding expectations. Lumentum AI Optics Growth
• Neutral Sentiment: Shares remain in consolidation: After a substantial AI-driven rally, LITE has spent roughly 15 weeks consolidating below its record high. A breakout could attract momentum investors, but the setup also reflects elevated expectations. Lumentum Technical Setup
• Negative Sentiment: Insider selling adds a modest cautionary signal: Insider Yuen Wupen sold 500 shares at an average price of $895 after selling another 500 shares at approximately $941 on August 28. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, and the latest sale reduced the insider’s holdings by only 0.42%, limiting its significance. Lumentum Insider Sale
• Negative Sentiment: Valuation and competition remain risks: Lumentum’s large rally has raised execution expectations, while NVIDIA and Marvell compete in adjacent optical and connectivity markets. Any slowdown in AI infrastructure spending or difficulty scaling new products could pressure the stock.

Lumentum Trading Up 0.2%

LITE opened at $870.58 on Thursday. The firm has a market cap of $78.09 billion, a price-to-earnings ratio of -10.59 and a beta of 1.53. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 12 month low of $130.97 and a 12 month high of $1,085.68. The stock has a fifty day moving average price of $813.66 and a 200-day moving average price of $813.27.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $987.70 million. During the same period in the prior year, the business posted $0.88 EPS. The firm’s quarterly revenue was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, equities research analysts anticipate that Lumentum Holdings Inc. will post 19.76 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Michael E. 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 of the company’s stock, valued at $179,222,445.66. The trade was a 0.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jae Kim sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $852.58, for a total transaction of $10,230,960.00. Following the transaction, the senior vice president owned 37,804 shares of the company’s stock, valued at approximately $32,230,934.32. This trade represents a 24.09% 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. Over the last three months, insiders have sold 64,147 shares of company stock valued at $54,950,611. Company insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Mizuho increased their price objective on Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Barclays raised their price target on Lumentum from $750.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Morgan Stanley lifted their price objective on Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 price objective on shares of Lumentum in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,053.83.

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.