Van Lanschot Kempen Investment Management N.V. Reduces Position in Lumentum Holdings Inc. $LITE

Key Points

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Van Lanschot Kempen Investment Management N.V. lowered its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 26.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 453,931 shares of the technology company's stock after selling 165,209 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned about 0.65% of Lumentum worth $28,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. CoreCap Advisors LLC increased its position in shares of Lumentum by 2,235.3% during the fourth quarter. CoreCap Advisors LLC now owns 397 shares of the technology company's stock valued at $33,000 after buying an additional 380 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Lumentum during the first quarter valued at about $25,000. Rakuten Securities Inc. increased its position in shares of 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 buying an additional 296 shares during the period. Golden State Wealth Management LLC increased its position in shares of 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 buying an additional 260 shares during the period. Finally, UMB Bank n.a. increased its position in shares of 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 buying an additional 448 shares during the period. Hedge funds and other institutional investors own 94.05% of the company's stock.

Insider Activity

In related news, SVP Jae Kim sold 912 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $116.45, for a total value of $106,202.40. Following the sale, the senior vice president owned 29,820 shares in the company, valued at approximately $3,472,539. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Vincent Retort sold 22,719 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $110.00, for a total transaction of $2,499,090.00. Following the completion of the sale, the insider owned 121,747 shares in the company, valued at $13,392,170. This represents a 15.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,313 shares of company stock valued at $7,777,835. Company insiders own 0.19% of the company's stock.

Lumentum Stock Up 1.6%

Shares of NASDAQ:LITE traded up $1.91 during trading on Friday, reaching $119.34. 2,679,776 shares of the stock traded hands, compared to its average volume of 2,991,241. The stock has a 50-day moving average of $102.10 and a two-hundred day moving average of $80.03. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $129.98. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.18 and a current ratio of 4.37. The stock has a market cap of $8.34 billion, a P/E ratio of 518.87 and a beta of 1.33.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and set a $145.00 price target (up previously from $135.00) on shares of Lumentum in a research report on Wednesday, August 13th. Wall Street Zen raised shares of Lumentum from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Stifel Nicolaus lifted their target price on shares of Lumentum from $100.00 to $132.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Susquehanna lifted their target price on shares of Lumentum to $125.00 and gave the company a "positive" rating in a report on Tuesday, August 12th. Finally, Barclays lifted their target price on shares of Lumentum from $75.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Lumentum has a consensus rating of "Moderate Buy" and an average target price of $122.85.

Lumentum Company 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.