Lumentum Holdings Inc. $LITE Stake Increased by SBI Securities Co. Ltd.

Key Points

• SBI Securities increased its Lumentum stake by 129.5% in the third quarter, bringing its holdings to 15,500 shares valued at approximately $15.1 million. Institutional investors collectively own 94.05% of the company.
• Lumentum reported quarterly EPS of $3.23, exceeding estimates of $2.97, while revenue reached $1.01 billion and rose 109.3% year over year. The company issued Q1 2027 EPS guidance of $4.05–$4.35.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $1,080.83, although insiders have sold 94,496 shares worth about $86.0 million over the past 90 days.

SBI Securities Co. Ltd. raised its position in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 129.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 15,500 shares of the technology company's stock after purchasing an additional 8,746 shares during the period. SBI Securities Co. Ltd.'s holdings in Lumentum were worth $15,055,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Financiere des Professionnels Fonds d investissement inc. acquired a new position in Lumentum during the 1st quarter worth approximately $2,046,000. Styrax Capital LP increased its holdings in shares of Lumentum by 3.6% during the first quarter. Styrax Capital LP now owns 140,000 shares of the technology company's stock valued at $98,386,000 after acquiring an additional 4,837 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of Lumentum by 21,806.5% during the first quarter. Whittier Trust Co. now owns 74,044 shares of the technology company's stock valued at $57,183,000 after acquiring an additional 73,706 shares in the last quarter. Swiss National Bank raised its position in shares of Lumentum by 47.2% during the first quarter. Swiss National Bank now owns 208,015 shares of the technology company's stock worth $146,185,000 after purchasing an additional 66,700 shares during the period. Finally, Patton Fund Management Inc. acquired a new position in shares of Lumentum during the first quarter worth approximately $5,201,000. Institutional investors own 94.05% of the company's stock.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $752.54 on Friday. Lumentum Holdings Inc. has a twelve month low of $157.40 and a twelve month high of $1,143.00. The stock's 50 day moving average price is $927.74 and its 200-day moving average price is $878.60. The company has a market capitalization of $68.17 billion, a PE ratio of -9.15 and a beta of 1.53. 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 released its earnings results 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. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. Lumentum's quarterly revenue was up 109.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, equities analysts anticipate that Lumentum Holdings Inc. will post 19.79 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on LITE shares. Wolfe Research restated an "outperform" rating on shares of Lumentum in a report on Friday, August 21st. Mizuho lifted their price objective on shares of Lumentum from $1,100.00 to $1,140.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th. Stifel Nicolaus boosted their target price on shares of Lumentum from $1,100.00 to $1,232.00 and gave the stock a "buy" rating in a research report on Monday, October 5th. JPMorgan Chase & Co. boosted their target price on shares of Lumentum from $1,165.00 to $1,280.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. Finally, Bank of America lowered their target price on shares of Lumentum from $1,100.00 to $1,000.00 and set a "neutral" rating on the stock in a report on Wednesday, August 12th. Sixteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lumentum presently has a consensus rating of "Moderate Buy" and an average price target of $1,080.83.

Insiders Place Their Bets

In other Lumentum news, insider Yuen Wupen sold 1,500 shares of the business's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $827.82, for a total value of $1,241,730.00. Following the transaction, the insider owned 100,434 shares of the company's stock, valued at approximately $83,141,273.88. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 12,000 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total value of $10,230,960.00. Following the completion of the transaction, the senior vice president owned 37,804 shares of the company's stock, valued at $32,230,934.32. This trade represents 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. In the last 90 days, insiders have sold 94,496 shares of company stock valued at $85,978,498. 0.28% of the stock is currently owned by insiders.

Lumentum Profile

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.

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