Anther Capital Ltd Invests $167.30 Million in Lumentum Holdings Inc. $LITE

Key Points

• Anther Capital acquired 194,973 Lumentum shares worth approximately $167.3 million in the second quarter, making Lumentum about 4.3% of its portfolio. Institutional investors collectively own 94.05% of the company.
• Analysts remain broadly bullish: Lumentum has a consensus “Moderate Buy” rating and an average price target of $1,044.67, with recent targets ranging from $1,040 to $1,300.
• Lumentum beat quarterly expectations with $3.23 in adjusted EPS and $1.01 billion in revenue, up 109.3% year over year. Shares opened at $866.71, though valuation concerns remain after the stock’s sharp rally and the company’s negative net margin.

Anther Capital Ltd acquired 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 acquired 194,973 shares of the technology company's stock, valued at approximately $167,299,000. Lumentum accounts for approximately 4.3% of Anther Capital Ltd's investment portfolio, making the stock its 11th largest holding. Anther Capital Ltd owned 0.25% of Lumentum as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hilltop National Bank increased its holdings in Lumentum by 26.8% in the 2nd quarter. Hilltop National Bank now owns 71 shares of the technology company's stock worth $61,000 after acquiring an additional 15 shares during the last quarter. Sachetta LLC raised 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 lifted its stake in shares of Lumentum by 39.5% during the 2nd quarter. Versant Capital Management Inc now owns 106 shares of the technology company's stock valued at $91,000 after buying an additional 30 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of Lumentum during the 1st quarter valued at approximately $25,000. Finally, Abel Hall LLC boosted its holdings in Lumentum by 5.5% in the 1st 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 owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on LITE. Needham & Company LLC restated a "buy" rating and set a $1,040.00 target price on shares of Lumentum in a research report on Wednesday, August 12th. Mizuho lifted their price target on Lumentum from $1,100.00 to $1,140.00 and gave the company an "outperform" rating in a research report on Wednesday, August 12th. B. Riley Financial reiterated a "buy" rating on shares of Lumentum in a research note on Friday, May 1st. Rosenblatt Securities reissued a "buy" rating and set a $1,300.00 price objective on shares of Lumentum in a report on Wednesday, August 12th. Finally, Citic Securities raised their target price on Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,044.67.

Insider Buying and Selling at Lumentum

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

Lumentum Stock Performance

NASDAQ LITE opened at $866.71 on Monday. The stock's 50-day simple moving average is $809.76 and its two-hundred day simple moving average is $792.80. Lumentum Holdings Inc. has a twelve month low of $115.89 and a twelve 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. The company has a market capitalization of $77.74 billion, a price-to-earnings ratio of -10.54 and a beta of 1.50.

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

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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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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