Handelsbanken Fonder AB Boosts Holdings in Lumentum Holdings Inc. $LITE

Handelsbanken Fonder AB grew its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 84.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,040 shares of the technology company’s stock after buying an additional 24,293 shares during the period. Handelsbanken Fonder AB’s holdings in Lumentum were worth $45,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hilltop National Bank increased its stake in Lumentum by 26.8% in the 2nd quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock worth $61,000 after acquiring an additional 15 shares during the last quarter. Sachetta LLC lifted its stake 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. Versant Capital Management Inc grew its stake in Lumentum by 39.5% in the 2nd quarter. Versant Capital Management Inc now owns 106 shares of the technology company’s stock worth $91,000 after acquiring an additional 30 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of Lumentum in the 1st quarter worth $25,000. Finally, Abel Hall LLC grew its position in shares of Lumentum by 5.5% during the 1st quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock worth $487,000 after buying an additional 36 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Barclays raised their target price on shares of Lumentum from $750.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Jefferies Financial Group reissued a “buy” rating and set a $1,200.00 price objective on shares of Lumentum in a report on Wednesday, May 6th. Citic Securities increased their target price on Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. Weiss Ratings downgraded Lumentum from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 5th. Finally, Morgan Stanley raised their price target on shares of Lumentum from $710.00 to $900.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Lumentum has a consensus rating of “Moderate Buy” and an average price target of $1,012.67.

Insider Buying and Selling at Lumentum

In related news, 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 approximately $6,984,558.72. This trade represents a 16.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 1,422 shares of Lumentum stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $1,356,516.90. Following the completion of the transaction, the senior vice president directly owned 32,333 shares of the company’s stock, valued at $30,844,065.35. The trade was a 4.21% 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. Over the last ninety days, insiders have sold 23,827 shares of company stock worth $22,051,069. 0.43% of the stock is currently owned by insiders.

Key Headlines Impacting 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.

Lumentum Trading Up 0.9%

Lumentum stock opened at $820.59 on Wednesday. The stock has a 50-day moving average price of $809.23 and a 200 day moving average price of $763.39. The company has a market capitalization of $63.84 billion, a price-to-earnings ratio of 151.96 and a beta of 1.50. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. 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 earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The firm’s quarterly revenue was up 109.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Sell-side analysts anticipate that Lumentum Holdings Inc. will post 6.42 EPS for the current year.

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.