Lumentum Holdings Inc. $LITE Stock: Robeco Schweiz AG Reduces Position

Robeco Schweiz AG cut its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 4.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 175,239 shares of the technology company’s stock after selling 8,871 shares during the period. Lumentum makes up 3.1% of Robeco Schweiz AG’s holdings, making the stock its 6th largest position. Robeco Schweiz AG owned approximately 0.19% of Lumentum worth $170,203,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Lumentum in the first quarter worth $2,046,000. Styrax Capital LP raised its holdings in shares of Lumentum by 3.6% during the first quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock worth $98,386,000 after purchasing an additional 4,837 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Lumentum by 21,806.5% during the first quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock worth $57,183,000 after purchasing an additional 73,706 shares during the last quarter. Swiss National Bank lifted its position in Lumentum by 47.2% during the first quarter. Swiss National Bank now owns 208,015 shares of the technology company’s stock valued at $146,185,000 after purchasing an additional 66,700 shares during the period. Finally, Patton Fund Management Inc. acquired a new position in Lumentum during the first quarter valued at $5,201,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Mizuho upped their price target on shares of Lumentum from $1,100.00 to $1,140.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. UBS Group set a $820.00 price objective on Lumentum in a research note on Wednesday, August 12th. Citigroup lifted their price objective on Lumentum from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a research note on Monday, September 28th. Wolfe Research reissued an “outperform” rating on shares of Lumentum in a report on Friday, August 21st. Finally, Evercore started coverage on Lumentum in a research note on Monday, August 31st. They issued an “outperform” rating and a $1,100.00 target price on the stock. Sixteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,080.83.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Jefferies reportedly raised its price target on Lumentum to $1,250, signaling continued confidence in the company’s AI-optics growth prospects. Lumentum stock rises pre-market; Jefferies lifts target to USD 1,250
• Positive Sentiment: Brown Advisory identified Lumentum as an opportunity within AI infrastructure, reflecting institutional support for the company’s exposure to optical components used in data centers. Management has also highlighted strong AI demand through early 2029. Brown Advisory Sees AI Infrastructure Opportunity in Lumentum Holdings Inc. (LITE)
• Neutral Sentiment: Investors are looking ahead to Lumentum’s fiscal first-quarter update on November 4. The company has guided revenue above the prior quarter, while its latest reported quarter exceeded analyst expectations for both earnings and revenue, creating a potentially important catalyst but also raising expectations.
• Negative Sentiment: Lumentum shares have fallen sharply over the past week as investors reduced exposure to AI-optics stocks following a hotter-than-expected September inflation report. Higher interest-rate concerns are weighing particularly heavily on high-growth technology valuations. Lumentum Holdings (LITE) Fell In The AI Optics Selloff, Is It Still Undervalued?
• Negative Sentiment: The broader technology selloff has spread across optical-networking peers, including Coherent and Applied Optoelectronics, suggesting the recent weakness is driven more by sector-wide positioning and valuation concerns than by a new company-specific setback. Optics Stocks Tumble as Tech Selloff Deepens Ahead of Earnings
• Negative Sentiment: Lumentum’s CFO reportedly sold approximately $25.7 million of stock ahead of earnings. Although insider selling does not necessarily indicate deteriorating fundamentals, the timing may add to investor caution. Lumentum Slips Off Its $1,143 Peak as CFO Sells $25.7 Million Ahead of Earnings

Lumentum Price Performance

Shares of Lumentum stock opened at $756.17 on Friday. The firm has a market cap of $68.49 billion, a PE ratio of -9.20 and a beta of 1.53. Lumentum Holdings Inc. has a twelve month low of $173.73 and a twelve month high of $1,143.00. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $924.34 and a 200 day moving average price of $877.75.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same quarter in the prior year, the business posted $0.88 earnings per share. Lumentum’s revenue for the quarter was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Sell-side analysts predict that Lumentum Holdings Inc. will post 19.79 earnings per share for the current fiscal year.

Insider Buying and Selling at Lumentum

In other news, CEO Michael Hurlston sold 548 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $958.66, for a total transaction of $525,345.68. Following the transaction, the chief executive officer owned 186,951 shares in the company, valued at $179,222,445.66. This trade represents a 0.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Yuen Wupen sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,241,730.00. Following the transaction, the insider owned 100,434 shares in the company, valued at $83,141,273.88. This trade represents a 1.47% 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. Over the last quarter, insiders sold 94,496 shares of company stock worth $85,978,498. 0.28% of the stock is currently owned by corporate insiders.

Lumentum Company Profile

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.