SEB Asset Management AB Takes Position in Lumentum Holdings Inc. $LITE

SEB Asset Management AB bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,288 shares of the technology company’s stock, valued at approximately $10,041,000.

Several other institutional investors and hedge funds have also bought and sold shares of LITE. Hilton Head Capital Partners LLC acquired a new position in Lumentum during the first quarter valued at approximately $25,000. Sachetta LLC increased its position 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 purchasing an additional 19 shares during the last quarter. Wiser Advisor Group LLC increased its position in shares of Lumentum by 6,000.0% during the 1st quarter. Wiser Advisor Group LLC now owns 61 shares of the technology company’s stock worth $43,000 after purchasing an additional 60 shares during the last quarter. SJS Investment Consulting Inc. increased its position in shares of Lumentum by 687.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 63 shares of the technology company’s stock worth $44,000 after purchasing an additional 55 shares during the last quarter. Finally, Truvestments Capital LLC raised its stake in shares of Lumentum by 300.0% during the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

LITE has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. UBS Group boosted their target price on shares of Lumentum from $455.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Barclays upped their price target on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and issued a $1,014.00 price objective on shares of Lumentum in a research report on Wednesday, May 6th. Finally, Mizuho set a $1,100.00 price objective on shares of Lumentum in a research note on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,012.67.

Lumentum Trading Up 4.5%

Shares of LITE opened at $765.55 on Tuesday. The business’s fifty day moving average is $859.31 and its 200-day moving average is $715.91. The firm has a market cap of $59.56 billion, a price-to-earnings ratio of 141.77 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. Lumentum Holdings Inc. has a 52-week low of $97.55 and a 52-week high of $1,085.68.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. The firm had revenue of $808.40 million for the quarter, compared to analysts’ expectations of $810.21 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 90.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities analysts anticipate that Lumentum Holdings Inc. will post 6.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Isaac Hosojiro Harris sold 1,416 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 6,984 shares in the company, valued at $6,984,558.72. This represents a 16.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 2,487 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $2,372,473.65. Following the completion of the transaction, the chief financial officer directly owned 60,951 shares of the company’s stock, valued at approximately $58,144,206.45. The trade was a 3.92% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 41,260 shares of company stock worth $38,859,220 in the last quarter. Corporate insiders own 0.43% of the company’s stock.

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.