Handelsbanken Fonder AB Acquires 24,293 Shares of Lumentum Holdings Inc. $LITE

Handelsbanken Fonder AB grew its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 84.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 53,040 shares of the technology company’s stock after buying an additional 24,293 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.07% of Lumentum worth $45,512,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Carolina Wealth Advisors LLC raised its holdings in shares of Lumentum by 62.5% during the second quarter. Carolina Wealth Advisors LLC now owns 143 shares of the technology company’s stock valued at $123,000 after acquiring an additional 55 shares in the last quarter. Fulton Bank N.A. bought a new stake in Lumentum in the second quarter valued at $274,000. Bay Rivers Group purchased a new position in Lumentum during the 2nd quarter valued at $414,000. Arista Wealth Management LLC bought a new position in Lumentum in the 2nd quarter worth $687,000. Finally, Tactive Advisors LLC purchased a new stake in shares of Lumentum in the 2nd quarter worth about $616,000. 94.05% of the stock is currently owned by institutional investors.

Lumentum Stock Performance

NASDAQ:LITE opened at $820.59 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. The stock has a 50-day simple moving average of $809.23 and a two-hundred day simple moving average of $763.39. The firm has a market capitalization of $63.84 billion, a PE ratio of 151.96 and a beta of 1.50. Lumentum Holdings Inc. has a 52-week low of $111.20 and a 52-week high of $1,085.68.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.97 by $0.26. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The business’s revenue for the quarter was up 109.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Analysts forecast that Lumentum Holdings Inc. will post 6.42 EPS for the current year.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Quarterly earnings and revenue exceeded estimates. Lumentum reported fourth-quarter adjusted earnings of $3.23 per share, up from $0.88 a year earlier and above consensus estimates near $2.97-$2.99. Revenue reached $1.01 billion, topping the $987.7 million analyst forecast. Lumentum Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: First-quarter fiscal 2027 guidance was substantially above expectations. Lumentum forecast EPS of $4.05-$4.35, compared with the consensus estimate of $3.55. Its $1.2 billion-$1.3 billion revenue outlook was at least in line with expectations and implies continued momentum. Lumentum Earnings Report
• Positive Sentiment: Management highlighted favorable AI infrastructure demand. CEO commentary indicated that data centers are increasingly shifting from copper to optical links, positioning Lumentum as a supplier of critical components for the ongoing AI buildout. Analysts also described the company as well positioned for AI-driven growth. Lumentum Beats Q4 Estimates
• Neutral Sentiment: Short-interest data offers no meaningful signal. Reported short interest was zero shares, but the accompanying percentage change was not meaningful, limiting its usefulness for explaining the stock’s move.
• Negative Sentiment: Valuation remains a risk. Lumentum’s elevated valuation—approximately 152 times earnings—leaves the shares sensitive to profit-taking or any slowdown in AI-related spending, despite the strong results.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price objective on Lumentum from $710.00 to $900.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. TD Cowen lowered their target price on Lumentum from $995.00 to $800.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Stifel Nicolaus upped their price target on shares of Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Loop Capital raised their price objective on shares of Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, B. Riley Financial restated a “buy” rating on shares of Lumentum in a research report on Friday, May 1st. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,012.67.

Insider Activity at Lumentum

In other news, SVP Jae Kim sold 1,422 shares of the stock in a transaction 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 completion of the sale, the senior vice president directly owned 32,333 shares of the company’s stock, valued at $30,844,065.35. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 1,416 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the sale, the director owned 6,984 shares in the company, valued at $6,984,558.72. The trade was a 16.86% 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. Insiders have sold 23,827 shares of company stock worth $22,051,069 in the last 90 days. Insiders own 0.43% of the company’s stock.

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.