84,127 Shares in Lumentum Holdings Inc. $LITE Acquired by Nykredit A S

Key Points

• Nykredit A/S acquired 84,127 Lumentum shares worth approximately $72.2 million, representing 0.09% of the company. Institutional investors collectively own 94.05% of Lumentum.
• Lumentum reported quarterly EPS of $3.23, exceeding estimates of $2.97, while revenue reached $1.01 billion—up 109.3% year over year. Rising AI-data-center demand for optical interconnects is a key growth driver.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus and an average price target of $1,053.83, though elevated valuation, competition and potential slowdowns in AI infrastructure spending remain risks.

Nykredit A S purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 84,127 shares of the technology company's stock, valued at approximately $72,186,000. Nykredit A S owned 0.09% of Lumentum at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of LITE. Hilltop National Bank increased its holdings in Lumentum by 26.8% during the second quarter. Hilltop National Bank now owns 71 shares of the technology company's stock valued at $61,000 after buying an additional 15 shares during the last quarter. Sachetta LLC boosted its stake in shares of Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company's stock worth $25,000 after acquiring an additional 19 shares during the last quarter. Toth Financial Advisory Corp grew its position in shares of Lumentum by 127.3% during the 2nd quarter. Toth Financial Advisory Corp now owns 50 shares of the technology company's stock valued at $43,000 after acquiring an additional 28 shares during the period. Versant Capital Management Inc increased its stake in shares of Lumentum by 39.5% in the 2nd quarter. Versant Capital Management Inc now owns 106 shares of the technology company's stock worth $91,000 after purchasing an additional 30 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in Lumentum in the 1st quarter worth $25,000. Institutional investors own 94.05% of the company's stock.

Lumentum Trading Up 0.2%

LITE stock opened at $870.58 on Thursday. Lumentum Holdings Inc. has a 1-year low of $130.97 and a 1-year high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The company has a market capitalization of $78.09 billion, a price-to-earnings ratio of -10.59 and a beta of 1.53. The business has a 50 day simple moving average of $813.66 and a two-hundred day simple moving average of $813.27.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $987.70 million. During the same quarter last year, the business posted $0.88 earnings per share. The company's revenue for the quarter was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Research analysts anticipate that Lumentum Holdings Inc. will post 19.76 EPS for the current fiscal year.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Evercore begins coverage with an Outperform rating: Evercore initiated coverage with a $1,100 price target, indicating meaningful potential upside from the referenced trading level. The call strengthens Lumentum’s generally favorable analyst outlook, which includes a Moderate Buy consensus and an average target of about $1,054. Evercore Lumentum Coverage
• Positive Sentiment: AI demand remains the primary growth catalyst: Lumentum is benefiting from rising demand for optical interconnects used in AI data centers. Its work on optical circuit switching, co-packaged optics and near-package optics could expand its addressable market. Recent earnings also showed strong momentum, with revenue more than doubling year over year and adjusted EPS exceeding expectations. Lumentum AI Optics Growth
• Neutral Sentiment: Shares remain in consolidation: After a substantial AI-driven rally, LITE has spent roughly 15 weeks consolidating below its record high. A breakout could attract momentum investors, but the setup also reflects elevated expectations. Lumentum Technical Setup
• Negative Sentiment: Insider selling adds a modest cautionary signal: Insider Yuen Wupen sold 500 shares at an average price of $895 after selling another 500 shares at approximately $941 on August 28. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, and the latest sale reduced the insider’s holdings by only 0.42%, limiting its significance. Lumentum Insider Sale
• Negative Sentiment: Valuation and competition remain risks: Lumentum’s large rally has raised execution expectations, while NVIDIA and Marvell compete in adjacent optical and connectivity markets. Any slowdown in AI infrastructure spending or difficulty scaling new products could pressure the stock.

Analyst Ratings Changes

Several research firms recently weighed in on LITE. JPMorgan Chase & Co. lifted their target price on Lumentum from $1,165.00 to $1,280.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. Wolfe Research reaffirmed an "outperform" rating on shares of Lumentum in a research note on Friday, August 21st. Northland Securities boosted their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Wednesday, June 3rd. Barclays increased their target price on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 6th. Finally, TD Cowen lifted their price target on shares of Lumentum from $800.00 to $820.00 and gave the company a "hold" rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,053.83.

Insider Transactions at Lumentum

In other news, CEO Michael E. Hurlston sold 548 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $958.66, for a total transaction of $525,345.68. Following the completion of the transaction, the chief executive officer directly owned 186,951 shares in the company, valued at approximately $179,222,445.66. This represents a 0.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Yuen Wupen sold 1,500 shares of the firm's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $827.82, for a total transaction of $1,241,730.00. Following the completion of the transaction, the insider directly owned 100,434 shares of the company's stock, valued at approximately $83,141,273.88. This trade represents a 1.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last three months, insiders have sold 64,147 shares of company stock worth $54,950,611. 0.43% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding LITE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lumentum Holdings Inc. (NASDAQ:LITE - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source