Allianz SE Makes New $665,000 Investment in Lumentum Holdings Inc. $LITE

Allianz SE bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,000 shares of the technology company’s stock, valued at approximately $665,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in Lumentum by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock worth $463,198,000 after purchasing an additional 47,811 shares during the last quarter. Leeward Investments LLC MA grew its position in shares of Lumentum by 14.8% during the second quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock worth $49,092,000 after buying an additional 66,541 shares in the last quarter. FORA Capital LLC acquired a new stake in shares of Lumentum during the first quarter worth approximately $642,000. Corton Capital Inc. bought a new stake in shares of Lumentum in the second quarter worth $272,000. Finally, Quantitative Investment Management LLC acquired a new stake in Lumentum in the first quarter valued at $1,424,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lumentum

In other Lumentum news, Director Isaac Hosojiro Harris sold 7,200 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $243.32, for a total transaction of $1,751,904.00. Following the completion of the transaction, the director directly owned 9,764 shares of the company’s stock, valued at $2,375,776.48. The trade was a 42.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jae Kim sold 4,507 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $116.88, for a total transaction of $526,778.16. Following the completion of the sale, the senior vice president owned 33,465 shares in the company, valued at $3,911,389.20. The trade was a 11.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 39,521 shares of company stock valued at $7,638,422. Corporate insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

LITE has been the subject of several recent analyst reports. Northland Securities set a $250.00 price objective on shares of Lumentum in a report on Wednesday, November 5th. Zacks Research cut shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Susquehanna boosted their price objective on Lumentum from $140.00 to $190.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Bank of America upgraded Lumentum from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $78.00 to $135.00 in a research note on Wednesday, August 13th. Finally, Needham & Company LLC lifted their target price on Lumentum from $180.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.67.

Lumentum Stock Down 10.6%

Shares of Lumentum stock opened at $226.86 on Friday. The stock has a market capitalization of $16.08 billion, a price-to-earnings ratio of 152.26 and a beta of 1.48. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $273.89. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77. The business’s 50 day simple moving average is $178.84 and its 200-day simple moving average is $123.70.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The business had revenue of $533.80 million during the quarter, compared to analyst estimates of $525.10 million. During the same quarter in the previous year, the firm posted $0.18 EPS. The business’s revenue for the quarter was up 58.4% compared to the same quarter last year. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Equities research analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.