37,201 Shares in Lumentum Holdings Inc. $LITE Acquired by Danske Bank A S

Key Points

• Danske Bank acquired 37,201 Lumentum shares in the second quarter, valued at approximately $31.9 million. Institutional investors and hedge funds collectively own 94.05% of the company.
• Lumentum exceeded quarterly expectations with $3.23 in EPS versus $2.97 expected and $1.01 billion in revenue, up 109.3% year over year. Strong AI networking and hyperscale data-center demand are expected to support further growth.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $1,044.67 price target, but the stock’s high valuation and broader AI-sector risk aversion could increase volatility. Recent insider sales were conducted under pre-arranged plans, including one to cover tax obligations.

Danske Bank A S bought a new position in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 37,201 shares of the technology company's stock, valued at approximately $31,921,000.

Several other institutional investors also recently bought and sold shares of the business. Hilltop National Bank lifted its stake in shares of Lumentum by 26.8% during the 2nd quarter. Hilltop National Bank now owns 71 shares of the technology company's stock worth $61,000 after purchasing an additional 15 shares during the period. Sachetta LLC grew its position in shares of Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company's stock valued at $25,000 after purchasing an additional 19 shares during the period. Versant Capital Management Inc increased its stake in Lumentum by 39.5% in the second quarter. Versant Capital Management Inc now owns 106 shares of the technology company's stock valued at $91,000 after purchasing an additional 30 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in Lumentum in the first quarter valued at $25,000. Finally, Abel Hall LLC lifted its position in Lumentum by 5.5% during the first quarter. Abel Hall LLC now owns 693 shares of the technology company's stock worth $487,000 after buying an additional 36 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI networking demand is accelerating. Analysts say rising adoption of near-packaged optics (NPO) and co-packaged optics (CPO), along with demand from hyperscale data centers, could drive substantial revenue growth and margin expansion. One analysis expects fiscal 2027 revenue to more than double, while also highlighting opportunities in both merchant and custom chips. Lumentum Upgrade
• Positive Sentiment: Lumentum compares favorably with other AI technology stocks. Recent coverage points to steadier quarter-over-quarter revenue expansion than C3.ai and stronger growth prospects than Applied Optoelectronics, supporting the view that Lumentum is a preferred way to invest in optical networking. AAOI versus Lumentum
• Neutral Sentiment: Analyst sentiment remains favorable, but valuation is demanding. Lumentum has a broad “Moderate Buy” consensus and several price-target increases, yet its approximately 11.4-times sales multiple leaves the stock vulnerable to profit-taking if growth expectations weaken. Lumentum Moderate Buy Rating
• Negative Sentiment: Sector-wide AI risk aversion is the immediate pressure. Reports involving Anthropic and a Wall Street Journal article triggered a selloff in optics and AI hardware shares, raising concerns about the pace or durability of AI infrastructure spending. Optics Stocks Drop on Anthropic News
• Negative Sentiment: Insider selling adds a modest sentiment headwind. Two executives sold shares under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards. Because the sales were planned and the executives retained sizable positions, they appear less significant than discretionary selling. Lumentum Insider Sale

Lumentum Price Performance

LITE stock opened at $827.60 on Thursday. The company has a market cap of $74.24 billion, a PE ratio of -10.07 and a beta of 1.50. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $811.06 and a two-hundred day moving average price of $786.24. Lumentum Holdings Inc. has a 12-month low of $111.20 and a 12-month high of $1,085.68.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, topping analysts' consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The company's quarterly revenue was up 109.3% compared to the same quarter last year. During the same period last year, the business posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, research analysts predict that Lumentum Holdings Inc. will post 16.97 EPS for the current year.

Insider Buying and Selling at Lumentum

In other news, Director Isaac Hosojiro Harris sold 4,000 shares of the firm's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $860.00, for a total value of $3,440,000.00. Following the transaction, the director owned 8,400 shares of the company's stock, valued at approximately $7,224,000. This trade represents a 32.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vincent Retort sold 3,183 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $909.43, for a total transaction of $2,894,715.69. Following the completion of the transaction, the insider directly owned 114,495 shares in the company, valued at approximately $104,125,187.85. This represents a 2.70% 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 have sold a total of 9,965 shares of company stock valued at $8,993,110 over the last ninety days. Corporate insiders own 0.43% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on LITE shares. Weiss Ratings lowered Lumentum from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, August 5th. Citic Securities upped their price objective on shares of Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. JPMorgan Chase & Co. increased their price objective on shares of Lumentum from $1,165.00 to $1,280.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Citigroup restated a "buy" rating on shares of Lumentum in a report on Wednesday, August 12th. Finally, BNP Paribas Exane upped their price target on shares of Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,044.67.

About Lumentum

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.

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