20,399 Shares in Lumentum Holdings Inc. $LITE Purchased by Andra AP fonden

Key Points

• Andra AP fonden purchased 20,399 Lumentum shares worth approximately $17.5 million in the second quarter. Institutional investors collectively own 94.05% of Lumentum’s outstanding stock.
• Lumentum’s AI and optical infrastructure outlook remains a major investor focus: quarterly revenue more than doubled year over year to $1.01 billion, while earnings of $3.23 per share exceeded estimates. The company is also developing optical technologies for high-bandwidth AI interconnects.
• Despite a generally positive analyst consensus—an average “Moderate Buy” rating and $1,053.83 price target—several insiders sold shares, and analysts cautioned that the stock’s sharp rally may have priced in much of the expected AI-related growth.

Andra AP fonden purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,399 shares of the technology company's stock, valued at approximately $17,504,000.

Other hedge funds have also recently bought and sold shares of the company. Silicon Valley Capital Partners raised its holdings in shares of Lumentum by 800.0% in the 2nd quarter. Silicon Valley Capital Partners now owns 450 shares of the technology company's stock valued at $386,000 after purchasing an additional 400 shares during the period. Sequoia Financial Advisors LLC raised its stake in Lumentum by 36.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,272 shares of the technology company's stock valued at $1,950,000 after acquiring an additional 612 shares during the period. Van Hulzen Asset Management LLC bought a new stake in Lumentum in the 2nd quarter valued at $644,000. Arlington Capital Management Inc. lifted its holdings in Lumentum by 196.3% during the 2nd quarter. Arlington Capital Management Inc. now owns 883 shares of the technology company's stock valued at $758,000 after purchasing an additional 585 shares during the last quarter. Finally, Gemmer Asset Management LLC acquired a new stake in Lumentum during the 2nd quarter valued at $1,517,000. 94.05% of the stock is currently owned by institutional investors.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum plans to demonstrate an eight-wavelength dense wavelength-division multiplexing External Laser SFP (DWDM ELSFP) at ECOC 2026. The module is designed for Optical Compute Interconnect MSA applications and co-packaged or near-packaged optics, potentially positioning LITE to benefit from rising demand for high-bandwidth AI interconnects. Lumentum DWDM ELSFP announcement
• Positive Sentiment: A joint optical die-to-die demonstration with Qualcomm and Corning highlighted Lumentum’s role in replacing copper connections with optical links inside AI computing systems. The event helped lift LITE and other photonics stocks as investors focused on accelerating AI infrastructure spending. Lumentum Qualcomm Corning AI optical technology
• Positive Sentiment: LITE has gained substantially over the past month, supported by expectations for stronger AI-related optical demand, optical circuit switching growth and margin expansion. Its latest reported quarter also exceeded earnings and revenue estimates, with revenue more than doubling year over year.
• Positive Sentiment: Lumentum’s addition to the FTSE All-World Index may increase visibility and create incremental demand from funds that track the benchmark. FTSE All-World Index inclusion
• Neutral Sentiment: Meta’s planned petabit-scale Petal subsea cable reinforces the long-term need for optical fiber and connectivity equipment, but the project is not scheduled for commercial service until 2029 and benefits Lumentum indirectly through industry demand. Meta Petal cable and AI bandwidth boom
• Negative Sentiment: Several Lumentum insiders, including a company president, recently sold shares worth approximately $460,000, $428,000 and $1.4 million. The transactions may raise caution after the stock’s sharp advance, although insider sales do not necessarily indicate weakening business fundamentals. Lumentum president stock sale
• Negative Sentiment: Recent analyst commentary warns that favorable earnings-estimate revisions may not support another near-term advance. After the rally, profit-taking and concerns about whether AI growth expectations are already reflected in LITE’s valuation may be contributing to the latest weakness.

Insider Buying and Selling

In related news, insider Vincent Retort sold 38,663 shares of Lumentum stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $852.59, for a total value of $32,963,687.17. Following the transaction, the insider directly owned 78,440 shares of the company's stock, valued at $66,877,159.60. The trade was a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 12,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $852.58, for a total transaction of $10,230,960.00. Following the transaction, the senior vice president owned 37,804 shares of the company's stock, valued at approximately $32,230,934.32. The trade was a 24.09% 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. Insiders have sold 67,647 shares of company stock valued at $58,061,056 over the last three months. 0.43% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on LITE. UBS Group set a $820.00 price objective on shares of Lumentum in a report on Wednesday, August 12th. Northland Securities lifted their target price on shares of Lumentum from $1,000.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Wednesday, June 3rd. Rosenblatt Securities reiterated a "buy" rating and issued a $1,300.00 price target on shares of Lumentum in a research note on Wednesday, August 12th. Weiss Ratings cut Lumentum from a "hold (c-)" rating to a "sell (d-)" rating in a research report on Wednesday, August 19th. Finally, Zacks Research raised shares of Lumentum from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,053.83.

Lumentum Stock Down 0.9%

Shares of NASDAQ:LITE opened at $945.67 on Wednesday. Lumentum Holdings Inc. has a 52-week low of $144.52 and a 52-week high of $1,085.68. The company has a fifty day moving average of $849.70 and a 200-day moving average of $838.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. The company has a market capitalization of $84.83 billion, a PE ratio of -11.50 and a beta of 1.53.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.26. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The company had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $987.70 million. During the same period in the previous year, the business posted $0.88 earnings per share. The business's quarterly revenue was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, equities analysts predict that Lumentum Holdings Inc. will post 19.78 EPS for the current fiscal year.

About Lumentum

Lumentum Holdings Inc NASDAQ: LITE designs and manufactures optical and photonic products used to transmit, process and control light. Its portfolio includes optical components, modules, subsystems, lasers and photonic integrated circuits that support communications networks, data centers, cloud infrastructure and industrial applications.

The company also supplies technologies for consumer electronics and 3D sensing, including laser-based products used in applications such as depth sensing and facial recognition.

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