Andra AP fonden Has $3.02 Million Position in Lumentum Holdings Inc. $LITE

Andra AP fonden raised its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 11.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,556 shares of the technology company’s stock after purchasing an additional 1,857 shares during the period. Andra AP fonden’s holdings in Lumentum were worth $3,019,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings in shares of Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after buying an additional 254 shares during the period. NewEdge Advisors LLC boosted its holdings in Lumentum by 109.9% during the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock valued at $747,000 after acquiring an additional 6,275 shares during the period. Empowered Funds LLC grew its position in shares of Lumentum by 9.1% in the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after purchasing an additional 680 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Lumentum by 16.3% in the second quarter. Envestnet Asset Management Inc. now owns 14,926 shares of the technology company’s stock valued at $1,419,000 after purchasing an additional 2,089 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Lumentum by 5.8% in the second quarter. Bessemer Group Inc. now owns 2,473 shares of the technology company’s stock worth $234,000 after purchasing an additional 136 shares during the period. Institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling at Lumentum

In other Lumentum news, Director Penny Herscher sold 4,000 shares of Lumentum stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $597.29, for a total transaction of $2,389,160.00. Following the completion of the transaction, the director directly owned 2,057 shares of the company’s stock, valued at approximately $1,228,625.53. This trade represents a 66.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vincent Retort sold 3,441 shares of the company’s stock in a transaction dated 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 completion of 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 disclosure for this sale is available in the SEC filing. Insiders have sold 60,473 shares of company stock worth $35,186,972 over the last three months. Company insiders own 0.43% of the company’s stock.

Lumentum Stock Performance

NASDAQ:LITE opened at $700.91 on Friday. The firm has a market capitalization of $50.04 billion, a PE ratio of 215.00 and a beta of 1.51. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $765.00. The firm has a 50-day moving average price of $454.79 and a 200 day moving average price of $292.63.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Lumentum to $565.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Stifel Nicolaus boosted their target price on shares of Lumentum to $480.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and upped their target price for the company from $147.00 to $526.00 in a research note on Wednesday, February 4th. Finally, Bank of America increased their price target on shares of Lumentum to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $458.00.

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.