Lumentum Holdings Inc. $LITE Stake Lifted by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. raised its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 129.5% during the third quarter, Holdings Channel reports. The fund owned 15,500 shares of the technology company’s stock after buying an additional 8,746 shares during the period. SBI Securities Co. Ltd.’s holdings in Lumentum were worth $15,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jupiter Topco LLC purchased a new stake in shares of Lumentum during the 2nd quarter worth approximately $1,621,396,000. Amundi raised its holdings in shares of Lumentum by 188.7% in the 2nd quarter. Amundi now owns 658,427 shares of the technology company’s stock worth $564,970,000 after purchasing an additional 430,355 shares during the period. WT Asset Management Ltd bought a new stake in shares of Lumentum in the 2nd quarter worth approximately $494,688,000. Janus Henderson Group PLC lifted its stake in Lumentum by 163.2% in the first quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock valued at $398,590,000 after purchasing an additional 351,676 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in Lumentum in the second quarter valued at approximately $376,539,000. 94.05% of the stock is owned by institutional investors.

Lumentum Stock Down 11.5%

LITE stock opened at $752.54 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $68.17 billion, a PE ratio of -9.15 and a beta of 1.53. Lumentum Holdings Inc. has a twelve month low of $157.40 and a twelve month high of $1,143.00. The stock has a 50-day simple moving average of $927.74 and a two-hundred day simple moving average of $878.60.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.26. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $987.70 million. During the same period in the prior year, the business posted $0.88 earnings per share. The company’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, equities analysts predict that Lumentum Holdings Inc. will post 19.79 EPS for the current fiscal year.

Insider Buying and Selling

In other Lumentum news, CFO Wajid Ali sold 24,542 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the sale, the chief financial officer directly owned 75,074 shares in the company, valued at $78,715,089. This represents a 24.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 12,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total transaction of $10,230,960.00. Following the completion of the transaction, the senior vice president directly owned 37,804 shares of the company’s stock, valued at approximately $32,230,934.32. The trade was a 24.09% decrease in their ownership of the stock. 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. Insiders sold 94,496 shares of company stock valued at $85,978,498 in the last three months. Insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LITE shares. Deutsche Bank Aktiengesellschaft began coverage on Lumentum in a report on Monday, August 31st. They set a “buy” rating and a $1,200.00 price objective for the company. Citigroup boosted their target price on Lumentum from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a research note on Monday, September 28th. Wolfe Research restated an “outperform” rating on shares of Lumentum in a research note on Friday, August 21st. Zacks Research cut Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Finally, Evercore initiated coverage on Lumentum in a research note on Monday, August 31st. They set an “outperform” rating and a $1,100.00 price target for the company. Sixteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,080.83.

Lumentum Profile

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.