Robeco Institutional Asset Management B.V. Acquires 5,550 Shares of Lumentum Holdings Inc. $LITE

Robeco Institutional Asset Management B.V. raised its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 50.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,609 shares of the technology company's stock after purchasing an additional 5,550 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Lumentum were worth $1,579,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in Lumentum during the first quarter valued at about $25,000. Rakuten Securities Inc. raised its position in Lumentum by 164.4% during the first quarter. Rakuten Securities Inc. now owns 476 shares of the technology company's stock valued at $30,000 after purchasing an additional 296 shares in the last quarter. Golden State Wealth Management LLC raised its position in Lumentum by 103.2% during the first quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company's stock valued at $32,000 after purchasing an additional 260 shares in the last quarter. SVB Wealth LLC purchased a new stake in Lumentum during the first quarter valued at about $40,000. Finally, UMB Bank n.a. raised its position in Lumentum by 132.9% during the first quarter. UMB Bank n.a. now owns 785 shares of the technology company's stock valued at $49,000 after purchasing an additional 448 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Lumentum Stock Down 2.1%

Shares of NASDAQ:LITE opened at $157.15 on Wednesday. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $178.49. The company has a market cap of $10.98 billion, a PE ratio of 683.26 and a beta of 1.42. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.37 and a quick ratio of 3.18. The stock's 50-day moving average is $139.56 and its 200 day moving average is $98.29.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.The company had revenue of $480.70 million for the quarter, compared to the consensus estimate of $465.27 million. During the same quarter in the previous year, the business earned $0.06 EPS. Lumentum's revenue was up 55.9% compared to the same quarter last year. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Sell-side analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on LITE. Citigroup started coverage on Lumentum in a research report on Friday, August 29th. They set a "buy" rating and a $165.00 price target on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $145.00 price objective (up previously from $135.00) on shares of Lumentum in a report on Wednesday, August 13th. Bank of America upgraded Lumentum from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $78.00 to $135.00 in a report on Wednesday, August 13th. Wall Street Zen upgraded Lumentum from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Finally, Wolfe Research started coverage on Lumentum in a report on Tuesday, August 12th. They issued an "outperform" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $133.36.

Insider Buying and Selling at Lumentum

In other Lumentum news, CFO Wajid Ali sold 2,526 shares of Lumentum stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $124.39, for a total transaction of $314,209.14. Following the sale, the chief financial officer directly owned 77,087 shares of the company's stock, valued at approximately $9,588,851.93. The trade was a 3.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jae Kim sold 4,507 shares of Lumentum stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $116.88, for a total value of $526,778.16. Following the sale, the senior vice president directly owned 33,465 shares in the company, valued at approximately $3,911,389.20. The trade was a 11.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,687 shares of company stock worth $4,759,552. Insiders own 0.19% of the company's stock.

Lumentum Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.

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