2,502 Shares in Lumentum Holdings Inc. $LITE Acquired by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG bought 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 & Exchange Commission. The institutional investor bought 2,502 shares of the technology company's stock, valued at approximately $2,147,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC bought a new position in shares of Lumentum in the first quarter valued at $25,000. Sachetta LLC lifted its position in shares of Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company's stock valued at $25,000 after acquiring an additional 19 shares during the last quarter. Truvestments Capital LLC boosted its stake in shares of Lumentum by 300.0% during the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company's stock worth $28,000 after acquiring an additional 57 shares in the last quarter. Triumph Capital Management bought a new stake in shares of Lumentum during the 4th quarter worth $30,000. Finally, Danske Bank A S acquired a new position in shares of Lumentum in the 3rd quarter worth $33,000. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LITE has been the topic of a number of recent analyst reports. Jefferies Financial Group reaffirmed a "buy" rating and set a $1,200.00 target price on shares of Lumentum in a research report on Wednesday, May 6th. Stifel Nicolaus lifted their price target on Lumentum from $800.00 to $1,100.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Mizuho lifted their price target on Lumentum from $1,100.00 to $1,140.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. Zacks Research upgraded Lumentum from a "hold" rating to a "strong-buy" rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Lumentum from $1,165.00 to $1,280.00 and gave the company an "overweight" rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,044.67.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $866.71 on Friday. The company's fifty day moving average is $809.76 and its two-hundred day moving average is $790.21. The company has a market cap of $77.74 billion, a P/E ratio of -10.54 and a beta of 1.50. Lumentum Holdings Inc. has a 12-month low of $115.89 and a 12-month high of $1,085.68. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE - Get Free Report) last issued its earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS 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 business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $987.70 million. During the same quarter last year, the firm posted $0.88 earnings per share. Lumentum's 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. Equities analysts expect that Lumentum Holdings Inc. will post 19.76 earnings per share for the current fiscal year.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Northland Securities raised its Lumentum earnings forecasts substantially. The firm lifted its FY2027 EPS estimate to $19.81 from $14.97, with quarterly estimates now ranging from $3.81 in Q1 to $6.20 in Q4. Northland maintained an “Outperform” rating and a $1,200 price target, supporting the bullish case for continued earnings growth. Northland Securities analyst estimate report
• Positive Sentiment: Lumentum is being highlighted as an AI-infrastructure beneficiary. Analysts and financial publications point to rising demand for optical networking equipment as data centers expand to support artificial intelligence workloads. Lumentum is positioned across the optics and networking portions of that buildout. Beyond Chipmakers: 4 Stocks to Buy That Power AI Data Center Expansion
• Positive Sentiment: LITE was added to Zacks’ Rank #1 momentum-stock list. The designation may attract momentum-oriented investors and reinforces the stock’s strong recent performance. Best Momentum Stocks to Buy for August 21st
• Neutral Sentiment: A report on data-center construction emphasized the enormous fiber requirements of new AI facilities, a potential long-term demand driver for optical-component suppliers such as Lumentum. However, the article provided limited company-specific financial updates. A Single Meta Data Center Will Require “8 Million Miles of Fiber”
• Negative Sentiment: Valuation concerns could be limiting further upside. A Seeking Alpha analysis characterized Lumentum as increasingly expensive after its sharp rally. With the shares near their 52-week high and the company still reporting a negative net margin, some investors may be taking profits despite the favorable growth outlook. Lumentum: It’s Getting Expensive

Insiders Place Their Bets

In other Lumentum news, insider Vincent Retort sold 2,483 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $827.82, for a total transaction of $2,055,477.06. Following the completion of the sale, the insider directly owned 109,438 shares in the company, valued at approximately $90,594,965.16. This trade represents a 2.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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, SVP Jae Kim sold 1,904 shares of Lumentum stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,576,169.28. Following the transaction, the senior vice president directly owned 42,096 shares in the company, valued at approximately $34,847,910.72. This trade represents a 4.33% 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. Insiders sold a total of 16,352 shares of company stock valued at $14,315,562 in the last 90 days. Insiders own 0.43% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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