18,700 Shares in Lumentum Holdings Inc. $LITE Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,700 shares of the technology company’s stock, valued at approximately $13,142,000.

A number of other large investors have also added to or reduced their stakes in the company. Hilton Head Capital Partners LLC bought a new stake in Lumentum during the first quarter worth about $25,000. Parallel Advisors LLC boosted its holdings in shares of Lumentum by 16.0% in the 4th quarter. Parallel Advisors LLC now owns 326 shares of the technology company’s stock worth $120,000 after purchasing an additional 45 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Lumentum by 6.4% in the 3rd quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock worth $128,000 after purchasing an additional 47 shares in the last quarter. UMB Bank n.a. increased its position in shares of Lumentum by 5.2% during the 4th quarter. UMB Bank n.a. now owns 968 shares of the technology company’s stock valued at $357,000 after purchasing an additional 48 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its position in shares of Lumentum by 687.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 63 shares of the technology company’s stock valued at $44,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Activity

In other news, insider Vincent Retort sold 3,183 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $3,036,422.85. Following the completion of the sale, the insider owned 89,563 shares of the company’s stock, valued at approximately $85,438,623.85. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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, SVP Jae Kim sold 1,422 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $1,356,516.90. Following the completion of the transaction, the senior vice president owned 32,333 shares in the company, valued at $30,844,065.35. This represents a 4.21% 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 90 days, insiders have sold 41,260 shares of company stock valued at $38,859,220. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LITE shares. Rosenblatt Securities boosted their target price on Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Mizuho set a $1,100.00 price target on shares of Lumentum in a research report on Wednesday, May 6th. UBS Group increased their price target on shares of Lumentum from $455.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Jefferies Financial Group reissued a “buy” rating and set a $1,200.00 price target on shares of Lumentum in a research note on Wednesday, May 6th. Finally, Citic Securities boosted their price objective on shares of Lumentum from $620.00 to $1,186.00 in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and an average target price of $1,021.95.

Lumentum Price Performance

LITE opened at $728.32 on Friday. Lumentum Holdings Inc. has a 12 month low of $88.93 and a 12 month high of $1,085.68. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $892.56 and its 200-day moving average price is $683.79. The company has a market cap of $56.66 billion, a P/E ratio of 134.87 and a beta of 1.48.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. The company had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.Lumentum’s quarterly revenue was up 90.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities analysts expect that Lumentum Holdings Inc. will post 6.4 EPS for the current year.

Lumentum 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.