ABN Amro Investment Solutions Invests $2.57 Million in Lumentum Holdings Inc. $LITE

ABN Amro Investment Solutions acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,651 shares of the technology company’s stock, valued at approximately $2,566,000.

Several other large investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its position in shares of Lumentum by 18.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock valued at $683,661,000 after purchasing an additional 291,591 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Lumentum by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock worth $521,563,000 after purchasing an additional 123,265 shares in the last quarter. Situational Awareness LP raised its holdings in shares of Lumentum by 210.9% in 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 in the last quarter. Norges Bank bought a new stake in shares of Lumentum in the 4th quarter worth approximately $474,495,000. Finally, Value Aligned Research Advisors LLC acquired a new stake in Lumentum during the fourth quarter valued at approximately $432,062,000. Institutional investors own 94.05% of the company’s stock.

Lumentum Stock Up 0.5%

LITE stock opened at $833.64 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The firm has a market capitalization of $64.86 billion, a P/E ratio of 154.38 and a beta of 1.48. Lumentum Holdings Inc. has a 52-week low of $101.22 and a 52-week high of $1,085.68. The company’s 50 day simple moving average is $848.84 and its 200-day simple moving average is $725.62.

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

Insider Buying and Selling

In other news, SVP Jae Kim sold 1,422 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $1,356,516.90. Following the completion of the sale, the senior vice president owned 32,333 shares of the company’s stock, valued at $30,844,065.35. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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. Also, CFO Wajid Ali sold 2,487 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $2,372,473.65. Following the completion of the sale, the chief financial officer directly owned 60,951 shares of the company’s stock, valued at approximately $58,144,206.45. This trade represents a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 three months, insiders have sold 41,260 shares of company stock valued at $38,859,220. 0.43% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LITE shares. Citigroup restated a “buy” rating on shares of Lumentum in a report on Thursday, July 16th. Loop Capital increased their price objective on Lumentum from $900.00 to $1,400.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Mizuho set a $1,100.00 price objective on Lumentum in a research report on Wednesday, May 6th. JPMorgan Chase & Co. raised their price objective on Lumentum from $950.00 to $1,130.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $1,040.00 target price on shares of Lumentum in a report on Tuesday, June 9th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,012.67.

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.