Allianz SE Increases Stock Holdings in Lumentum Holdings Inc. $LITE

Allianz SE increased its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 309.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,685 shares of the technology company’s stock after buying an additional 21,685 shares during the quarter. Allianz SE’s holdings in Lumentum were worth $4,667,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LITE. EverSource Wealth Advisors LLC grew its stake in shares of Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after acquiring an additional 131 shares in the last quarter. MAI Capital Management boosted its holdings in Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after purchasing an additional 96 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in Lumentum in the 3rd quarter worth about $49,000. Cullen Frost Bankers Inc. bought a new stake in Lumentum in the 3rd quarter worth about $49,000. Finally, Advisors Asset Management Inc. increased its stake in Lumentum by 36.8% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after buying an additional 254 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Vincent Retort sold 3,441 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the sale, the insider directly owned 95,975 shares in the company, valued at approximately $52,381,235.50. The trade was a 3.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Penny Herscher sold 4,000 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $597.29, for a total value of $2,389,160.00. Following the sale, the director directly owned 2,057 shares in the company, valued at $1,228,625.53. This trade represents a 66.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 60,473 shares of company stock worth $35,186,972 over the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

LITE has been the topic of a number of research analyst reports. Bank of America boosted their target price on Lumentum to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 29th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. UBS Group upped their price objective on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Finally, Northland Securities set a $350.00 target price on Lumentum in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $458.00.

Lumentum Trading Up 3.5%

Shares of Lumentum stock opened at $700.91 on Friday. The stock has a market capitalization of $50.04 billion, a P/E ratio of 215.00 and a beta of 1.51. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $765.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The stock’s 50-day simple moving average is $454.79 and its 200 day simple moving average is $291.42.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.26. The company had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company’s quarterly revenue was up 65.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, research analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Lumentum Company 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.