Baader Bank Aktiengesellschaft Lowers Stock Holdings in Lumentum Holdings Inc. $LITE

Baader Bank Aktiengesellschaft reduced its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 16.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,683 shares of the technology company’s stock after selling 1,086 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Lumentum were worth $3,894,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LITE. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lumentum by 8,579.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after purchasing an additional 1,545,199 shares during the period. Norges Bank bought a new position in Lumentum in the fourth quarter worth approximately $474,495,000. Value Aligned Research Advisors LLC purchased a new position in Lumentum during the 4th quarter worth $432,062,000. Situational Awareness LP increased its holdings in Lumentum by 210.9% during the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock worth $478,577,000 after purchasing an additional 880,800 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Lumentum by 707.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock valued at $366,555,000 after purchasing an additional 871,249 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ian Small sold 4,954 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the sale, the director directly owned 21,008 shares of the company’s stock, valued at $18,236,414.56. This represents a 19.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Yuen Wupen sold 3,210 shares of Lumentum stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $3,062,179.50. Following the completion of the sale, the insider directly owned 81,488 shares in the company, valued at $77,735,477.60. This represents a 3.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 41,260 shares of company stock worth $38,859,220. 0.43% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $1,040.00 price target on shares of Lumentum in a research note on Tuesday, June 9th. Zacks Research lowered shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Jefferies Financial Group reiterated a “buy” rating and set a $1,200.00 target price on shares of Lumentum in a report on Wednesday, May 6th. Rosenblatt Securities raised their target price on shares of Lumentum from $900.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Barclays boosted their price target on shares of Lumentum from $750.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and an average price target of $1,012.67.

Lumentum Stock Up 4.5%

LITE stock opened at $765.55 on Tuesday. The company has a market capitalization of $59.56 billion, a P/E ratio of 141.77 and a beta of 1.48. Lumentum Holdings Inc. has a 12 month low of $97.55 and a 12 month high of $1,085.68. The firm’s fifty day simple moving average is $859.31 and its 200-day simple moving average is $715.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.10. The company had revenue of $808.40 million for the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm’s revenue for the quarter was up 90.1% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, equities research analysts forecast that Lumentum Holdings Inc. will post 6.42 earnings per share for the current year.

Lumentum 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.