Swiss Life Asset Management Ltd Takes Position in Lumentum Holdings Inc. $LITE

Swiss Life Asset Management Ltd acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,181 shares of the technology company’s stock, valued at approximately $518,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. increased its position in Lumentum by 7,168.8% during the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock worth $58,958,000 after purchasing an additional 357,367 shares during the last quarter. FengHe Fund Management Pte. Ltd. acquired a new position in shares of Lumentum in the 3rd quarter valued at $71,771,000. Pacer Advisors Inc. purchased a new stake in shares of Lumentum during the 3rd quarter valued at $1,512,000. Headwater Capital Co Ltd acquired a new stake in shares of Lumentum during the 3rd quarter worth $20,339,000. Finally, China Universal Asset Management Co. Ltd. purchased a new position in shares of Lumentum in the 3rd quarter worth $1,383,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum Price Performance

LITE stock opened at $801.99 on Wednesday. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $803.58. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $57.26 billion, a PE ratio of 246.01 and a beta of 1.38. The stock’s 50 day moving average is $558.75 and its two-hundred day moving average is $360.20.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.26. The company had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm’s revenue for the quarter was up 65.5% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Transactions at Lumentum

In other news, CFO Wajid Ali sold 5,302 shares of Lumentum stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the transaction, the chief financial officer owned 66,287 shares in the company, valued at approximately $45,812,934.31. This trade represents a 7.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Yuen Wupen sold 3,157 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the sale, the insider directly owned 88,439 shares in the company, valued at approximately $47,580,182. This represents a 3.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 65,775 shares of company stock worth $38,851,343. 0.43% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Lumentum in a research report on Monday, December 29th. Northland Securities set a $350.00 price objective on Lumentum in a report on Wednesday, December 3rd. Barclays boosted their target price on Lumentum to $750.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. TD Cowen started coverage on shares of Lumentum in a research report on Thursday, March 12th. They set a “hold” rating and a $675.00 price target on the stock. Finally, Stifel Nicolaus increased their price objective on shares of Lumentum to $800.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $575.06.

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.