Swedbank AB Makes New $9.70 Million Investment in Lumentum Holdings Inc. $LITE

Swedbank AB bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 59,600 shares of the technology company’s stock, valued at approximately $9,698,000. Swedbank AB owned 0.08% of Lumentum as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in Lumentum in the 2nd quarter valued at about $38,000. MAI Capital Management raised its holdings in shares of Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after acquiring an additional 96 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Lumentum by 36.8% in the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after acquiring an additional 254 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Lumentum by 224.4% in the second quarter. Hantz Financial Services Inc. now owns 704 shares of the technology company’s stock valued at $67,000 after acquiring an additional 487 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Lumentum by 121.3% in the second quarter. Allworth Financial LP now owns 737 shares of the technology company’s stock worth $70,000 after acquiring an additional 404 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

LITE has been the subject of several recent research reports. Raymond James Financial downgraded Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective for the company. in a research note on Friday, October 31st. Barclays raised their price target on shares of Lumentum from $165.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Rosenblatt Securities upped their price objective on shares of Lumentum to $380.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Wolfe Research reiterated an “outperform” rating and issued a $240.00 price objective on shares of Lumentum in a report on Wednesday, November 5th. Finally, Wall Street Zen cut Lumentum from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $222.13.

Lumentum Stock Performance

NASDAQ:LITE opened at $390.77 on Friday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The firm has a market capitalization of $27.71 billion, a price-to-earnings ratio of 262.26 and a beta of 1.53. The company’s 50-day moving average is $278.69 and its two-hundred day moving average is $178.21. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $401.60.

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

Insider Activity

In related news, SVP Jae Kim sold 170 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $246.00, for a total value of $41,820.00. Following the sale, the senior vice president directly owned 38,400 shares in the company, valued at approximately $9,446,400. The trade was a 0.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $243.32, for a total transaction of $1,751,904.00. Following the transaction, the director directly owned 9,764 shares of the company’s stock, valued at approximately $2,375,776.48. This trade represents a 42.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 28,612 shares of company stock worth $7,317,398. 0.43% of the stock is currently owned by corporate insiders.

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.