65,000 Shares in Lumentum Holdings Inc. $LITE Acquired by Danske Bank A S

Danske Bank A S acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 65,000 shares of the technology company’s stock, valued at approximately $55,774,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hilltop National Bank increased its position in Lumentum by 26.8% in the second quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock worth $61,000 after buying an additional 15 shares during the period. Sachetta LLC boosted its holdings in shares of Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after acquiring an additional 19 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Lumentum by 39.5% during the second quarter. Versant Capital Management Inc now owns 106 shares of the technology company’s stock valued at $91,000 after acquiring an additional 30 shares during the period. Hilton Head Capital Partners LLC bought a new position in shares of Lumentum during the first quarter worth about $25,000. Finally, Abel Hall LLC grew its position in shares of Lumentum by 5.5% during the first quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock worth $487,000 after acquiring an additional 36 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Lumentum Stock Down 9.9%

LITE stock opened at $873.31 on Wednesday. The firm’s 50-day moving average is $811.58 and its two-hundred day moving average is $783.10. The company has a market capitalization of $67.94 billion, a price-to-earnings ratio of -10.62 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. 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 (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $987.70 million. During the same period last year, the firm posted $0.88 earnings per share. The business’s revenue was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, analysts forecast that Lumentum Holdings Inc. will post 16.97 earnings per share for the current fiscal year.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI-driven growth remains the bullish case. Lumentum’s exposure to optical components used in AI data-center networks, along with expectations for rising margins and stronger fiscal 2027 earnings, continues to support the long-term growth narrative. Lumentum Stock Is Overvalued at 11.4X P/S: Should You Still Buy It?
• Positive Sentiment: Broker sentiment remains constructive. Analysts collectively assign Lumentum an average “Moderate Buy” rating, providing ongoing support despite the recent volatility. Lumentum Receives Average Rating of Moderate Buy
• Neutral Sentiment: Valuation is a central debate. At approximately 11.4 times sales, Lumentum trades at a demanding multiple after substantial multi-year gains. While a discounted-cash-flow analysis indicates potential upside, market-based valuation measures suggest the stock may already reflect considerable optimism. Lumentum Stock Looks Fully Priced Despite Cash Flow Upside
• Negative Sentiment: Risk aversion is weighing on optics stocks. Reports concerning Anthropic and a Wall Street Journal article have triggered a selloff across AI hardware names, with Lumentum among the affected optics companies. The move indicates investors are taking profits and questioning near-term AI spending or demand expectations. Optics Stocks Drop on Anthropic News
• Negative Sentiment: The recent rally has increased downside sensitivity. Lumentum had rallied alongside Coherent and AXT after indium phosphide price hikes, but the reversal shows how quickly sentiment can change when sector-wide AI concerns emerge. Optics Stocks Rally on Indium Phosphide Price Hikes

Insider Transactions at Lumentum

In other Lumentum news, Director Ian Small sold 4,954 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the completion of the transaction, the director directly owned 21,008 shares of the company’s stock, valued at approximately $18,236,414.56. This trade represents a 19.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vincent Retort sold 3,183 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $909.43, for a total value of $2,894,715.69. Following the transaction, the insider directly owned 114,495 shares of the company’s stock, valued at approximately $104,125,187.85. The trade was a 2.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last ninety days, insiders have sold 14,919 shares of company stock valued at $13,293,529. 0.43% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LITE. Loop Capital increased 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. Morgan Stanley upped their target price on shares of Lumentum from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. B. Riley Financial restated a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Weiss Ratings cut Lumentum from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Finally, Zacks Research cut Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,044.67.

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.