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

Robeco Institutional Asset Management B.V. lifted its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 50.2% during the second quarter, according to the company in its most recent 13F filing 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 quarter. Robeco Institutional Asset Management B.V.’s holdings in Lumentum were worth $1,579,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Lumentum by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock worth $463,198,000 after purchasing an additional 47,811 shares in the last quarter. PointState Capital LP bought a new stake in shares of Lumentum in the 1st quarter worth approximately $213,503,000. Atreides Management LP boosted its position in shares of Lumentum by 6.8% in the 1st quarter. Atreides Management LP now owns 1,875,257 shares of the technology company’s stock worth $116,904,000 after purchasing an additional 119,938 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Lumentum by 1.1% in the 1st quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company’s stock worth $107,913,000 after purchasing an additional 19,085 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its position in shares of Lumentum by 26.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,063,529 shares of the technology company’s stock worth $66,300,000 after purchasing an additional 225,240 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Lumentum Price Performance

Shares of LITE opened at $157.15 on Wednesday. The firm has a market cap of $10.98 billion, a PE ratio of 683.26 and a beta of 1.42. The company has a current ratio of 4.37, a quick ratio of 3.18 and a debt-to-equity ratio of 2.26. The firm has a fifty day simple moving average of $139.56 and a two-hundred day simple moving average of $98.29. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $178.49.

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

Wall Street Analyst Weigh In

LITE has been the topic of a number of analyst reports. Stifel Nicolaus boosted their price target on Lumentum from $100.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Bank of America raised Lumentum from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $78.00 to $135.00 in a research report on Wednesday, August 13th. Wall Street Zen raised Lumentum from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a research report on Saturday, September 27th. Finally, B. Riley upped their price objective on Lumentum from $73.00 to $83.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.36.

Insider Buying and Selling at Lumentum

In other news, CFO Wajid Ali sold 2,526 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $124.39, for a total value of $314,209.14. Following the completion of the sale, the chief financial officer directly owned 77,087 shares in the company, valued at $9,588,851.93. This represents a 3.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Vincent Retort sold 22,719 shares of the company’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $110.00, for a total value of $2,499,090.00. Following the completion of the sale, the insider owned 121,747 shares of the company’s stock, valued at $13,392,170. This trade represents a 15.73% 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. 0.19% of the stock is owned by corporate insiders.

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.