Van Lanschot Kempen Investment Management N.V. Trims Stake in Lumentum Holdings Inc. $LITE

Van Lanschot Kempen Investment Management N.V. reduced its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 47.3% in the 4th quarter, Holdings Channel reports. The firm owned 130,913 shares of the technology company’s stock after selling 117,465 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Lumentum were worth $48,253,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Aspex Management HK Ltd purchased a new stake in shares of Lumentum in the 4th quarter valued at about $251,363,000. Summit Financial LLC purchased a new stake in shares of Lumentum in the 4th quarter valued at about $383,000. Circle Wealth Management LLC purchased a new stake in shares of Lumentum in the 4th quarter valued at about $1,076,000. Quadrant Capital Group LLC lifted its holdings in shares of Lumentum by 53.9% in the 4th quarter. Quadrant Capital Group LLC now owns 6,767 shares of the technology company’s stock valued at $2,494,000 after purchasing an additional 2,371 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Lumentum by 95.7% in the 4th quarter. Advisors Asset Management Inc. now owns 15,225 shares of the technology company’s stock valued at $5,612,000 after purchasing an additional 7,447 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum Stock Up 3.6%

LITE opened at $921.56 on Friday. The business has a 50 day moving average price of $897.64 and a two-hundred day moving average price of $629.72. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The company has a market cap of $71.70 billion, a PE ratio of 170.66 and a beta of 1.47. Lumentum Holdings Inc. has a 52 week low of $81.93 and a 52 week high of $1,085.68.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.27 by $0.10. The firm had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm’s revenue was up 90.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, research analysts anticipate that Lumentum Holdings Inc. will post 6.49 EPS for the current year.

Insider Activity

In other Lumentum news, CFO Wajid Ali sold 2,487 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $2,372,473.65. Following the completion of the sale, the chief financial officer directly owned 60,951 shares of the company’s stock, valued at $58,144,206.45. This represents a 3.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 1,422 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $1,356,516.90. Following the sale, the senior vice president directly owned 32,333 shares of the company’s stock, valued at approximately $30,844,065.35. This represents a 4.21% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 41,260 shares of company stock worth $38,859,220 over the last quarter. 0.43% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on LITE shares. Susquehanna boosted their target price on Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a report on Monday, April 20th. Loop Capital boosted their target price on Lumentum from $900.00 to $1,400.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. B. Riley Financial reissued a “buy” rating on shares of Lumentum in a report on Friday, May 1st. Mizuho set a $1,100.00 target price on Lumentum in a report on Wednesday, May 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Lumentum in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Lumentum currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.95.

About Lumentum

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.