Blue Whale Capital LLP Acquires Shares of 185,019 Lumentum Holdings Inc. $LITE

Blue Whale Capital LLP acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the second quarter, HoldingsChannel.com reports. The fund acquired 185,019 shares of the technology company’s stock, valued at approximately $158,757,000. Lumentum makes up about 5.0% of Blue Whale Capital LLP’s portfolio, making the stock its 6th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. increased its holdings in shares of Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after acquiring an additional 254 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Lumentum by 109.9% during the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock valued at $747,000 after purchasing an additional 6,275 shares during the last quarter. Empowered Funds LLC boosted its position in Lumentum by 9.1% during the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after purchasing an additional 680 shares during the period. Hsbc Holdings PLC bought a new position in Lumentum during the second quarter worth $298,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Lumentum in the second quarter valued at $1,712,000. 94.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LITE shares. JPMorgan Chase & Co. increased their price objective on shares of Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. BNP Paribas Exane lifted their target price on shares of Lumentum from $1,040.00 to $1,300.00 in a report on Wednesday, May 6th. Loop Capital upped their price target on shares of Lumentum from $900.00 to $1,400.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Needham & Company LLC reissued a “buy” rating and issued a $1,040.00 price target on shares of Lumentum in a report on Wednesday, August 12th. Finally, UBS Group set a $820.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and a consensus target price of $1,044.67.

Insider Buying and Selling at Lumentum

In other Lumentum news, insider Yuen Wupen sold 500 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $898.15, for a total transaction of $449,075.00. Following the transaction, the insider owned 93,229 shares in the company, valued at $83,733,626.35. This represents a 0.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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, Director Isaac Hosojiro Harris sold 1,416 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the transaction, the director directly owned 6,984 shares in the company, valued at $6,984,558.72. This represents a 16.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,352 shares of company stock worth $14,315,562 over the last quarter. Company insiders own 0.43% of the company’s stock.

Lumentum Price Performance

LITE stock opened at $866.71 on Monday. Lumentum Holdings Inc. has a fifty-two week low of $115.89 and a fifty-two week high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The stock has a market capitalization of $77.74 billion, a price-to-earnings ratio of -10.54 and a beta of 1.50. The business’s fifty day moving average price is $809.76 and its two-hundred day moving average price is $792.80.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $987.70 million. During the same quarter in the previous year, the business posted $0.88 earnings per share. Lumentum’s quarterly revenue was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, equities analysts anticipate that Lumentum Holdings Inc. will post 19.76 earnings per share for the current year.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Northland Securities raised its Lumentum earnings forecasts substantially. The firm lifted its FY2027 EPS estimate to $19.81 from $14.97, with quarterly estimates now ranging from $3.81 in Q1 to $6.20 in Q4. Northland maintained an “Outperform” rating and a $1,200 price target, supporting the bullish case for continued earnings growth. Northland Securities analyst estimate report
• Positive Sentiment: Lumentum is being highlighted as an AI-infrastructure beneficiary. Analysts and financial publications point to rising demand for optical networking equipment as data centers expand to support artificial intelligence workloads. Lumentum is positioned across the optics and networking portions of that buildout. Beyond Chipmakers: 4 Stocks to Buy That Power AI Data Center Expansion
• Positive Sentiment: LITE was added to Zacks’ Rank #1 momentum-stock list. The designation may attract momentum-oriented investors and reinforces the stock’s strong recent performance. Best Momentum Stocks to Buy for August 21st
• Neutral Sentiment: A report on data-center construction emphasized the enormous fiber requirements of new AI facilities, a potential long-term demand driver for optical-component suppliers such as Lumentum. However, the article provided limited company-specific financial updates. A Single Meta Data Center Will Require “8 Million Miles of Fiber”
• Negative Sentiment: Valuation concerns could be limiting further upside. A Seeking Alpha analysis characterized Lumentum as increasingly expensive after its sharp rally. With the shares near their 52-week high and the company still reporting a negative net margin, some investors may be taking profits despite the favorable growth outlook. Lumentum: It’s Getting Expensive

Lumentum Company 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.