Lightrock Netherlands B.V. Sells 11,600 Shares of Lumentum Holdings Inc. $LITE

Lightrock Netherlands B.V. trimmed its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 37.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,321 shares of the technology company’s stock after selling 11,600 shares during the period. Lumentum accounts for about 1.4% of Lightrock Netherlands B.V.’s portfolio, making the stock its 17th biggest holding. Lightrock Netherlands B.V.’s holdings in Lumentum were worth $13,578,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LITE. Sachetta LLC increased its holdings in shares of Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after acquiring an additional 19 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in Lumentum during the 1st quarter valued at $25,000. Abel Hall LLC lifted its holdings in Lumentum by 5.5% during the 1st quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock valued at $487,000 after purchasing an additional 36 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in Lumentum by 5.1% during the first quarter. Checchi Capital Advisers LLC now owns 790 shares of the technology company’s stock worth $555,000 after purchasing an additional 38 shares during the period. Finally, 180 Wealth Advisors LLC boosted its position in Lumentum by 2.9% during the first quarter. 180 Wealth Advisors LLC now owns 1,553 shares of the technology company’s stock worth $1,092,000 after purchasing an additional 44 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Yuen Wupen sold 3,210 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $3,062,179.50. Following the completion of the sale, the insider directly owned 81,488 shares of the company’s stock, valued at approximately $77,735,477.60. This represents a 3.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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, Director Isaac Hosojiro Harris sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $860.00, for a total transaction of $3,440,000.00. Following the transaction, the director directly owned 8,400 shares in the company, valued at $7,224,000. The trade was a 32.26% 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. Over the last three months, insiders sold 41,260 shares of company stock valued at $38,859,220. 0.43% of the stock is currently owned by insiders.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Zacks upgraded Lumentum to Rank #2 (Buy), citing improved earnings estimates and a more constructive outlook for the company’s profit growth. Lumentum (LITE) Is Up 6.3% After Zacks Upgrade on AI Data Center Optics Demand Shift
• Positive Sentiment: Multiple reports highlighted Lumentum’s growing role in AI data center optics, which is supporting investor optimism that demand for optical components could remain strong as AI infrastructure spending expands. LITE vs. APLD: Which AI Infrastructure Stock Offers Better Growth?
• Neutral Sentiment: UBS reportedly reaffirmed a Hold rating, which does not add a strong bullish catalyst but suggests analysts remain divided on the stock’s near-term upside. UBS Reaffirms Their Hold Rating on Lumentum Holdings (LITE)
• Negative Sentiment: One recent note said the broader AI optics trade cooled, with high-beta names like Lumentum seeing some profit-taking as investors rotated away from the group. Applied Optoelectronics Falls 12%, Coherent and Lumentum Slide as AI Optics Trade Cools

Wall Street Analyst Weigh In

LITE has been the topic of several research analyst reports. UBS Group increased their price objective on shares of Lumentum from $455.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Barclays lifted their target price on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Needham & Company LLC reiterated a “buy” rating and issued a $1,040.00 price target on shares of Lumentum in a research note on Tuesday, June 9th. Rosenblatt Securities raised their price target on shares of Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lumentum in a research note on Tuesday, April 21st. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,012.67.

Lumentum Trading Down 6.1%

LITE opened at $706.23 on Friday. 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 fifty day moving average of $868.47 and a 200-day moving average of $710.60. Lumentum Holdings Inc. has a twelve month low of $97.55 and a twelve month high of $1,085.68. The stock has a market cap of $54.94 billion, a PE ratio of 130.78 and a beta of 1.48.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. During the same quarter in the previous year, the business posted $0.57 EPS. Lumentum’s revenue for the quarter was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, sell-side analysts predict that Lumentum Holdings Inc. will post 6.4 EPS for the current 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.