Robeco Schweiz AG Sells 8,871 Shares of Lumentum Holdings Inc. $LITE

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

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jupiter Topco LLC acquired a new stake in shares of Lumentum in the second quarter worth approximately $1,621,396,000. Amundi increased its position in shares of Lumentum by 188.7% during the second quarter. Amundi now owns 658,427 shares of the technology company’s stock worth $564,970,000 after purchasing an additional 430,355 shares in the last quarter. WT Asset Management Ltd purchased a new stake in shares of Lumentum during the second quarter worth approximately $494,688,000. Janus Henderson Group PLC raised its stake in Lumentum by 163.2% in the 1st quarter. Janus Henderson Group PLC now owns 567,182 shares of the technology company’s stock valued at $398,590,000 after purchasing an additional 351,676 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Lumentum in the 2nd quarter valued at $376,539,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Key Lumentum News

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 Stock Up 0.5%

NASDAQ LITE opened at $756.17 on Friday. Lumentum Holdings Inc. has a 52 week low of $173.73 and a 52 week 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’s fifty day simple moving average is $924.34 and its 200-day simple moving average is $877.75. The firm has a market cap of $68.49 billion, a PE ratio of -9.20 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $987.70 million. During the same quarter in the previous year, the company posted $0.88 EPS. The company’s revenue was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, equities analysts anticipate that Lumentum Holdings Inc. will post 19.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LITE shares. Citigroup raised their price objective on Lumentum from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a report on Monday, September 28th. Mizuho upped their target price on shares of Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Bank of America reduced their target price on shares of Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft started coverage on shares of Lumentum in a research report on Monday, August 31st. They issued a “buy” rating and a $1,200.00 target price for the company. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price target on shares of Lumentum in a research note on Monday, October 5th. Sixteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,080.83.

Insider Activity at Lumentum

In other news, CFO Wajid Ali sold 24,542 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the completion of the sale, the chief financial officer owned 75,074 shares of the company’s stock, valued at $78,715,089. This represents a 24.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $827.82, for a total transaction of $1,241,730.00. Following the sale, the insider owned 100,434 shares of the company’s stock, valued at $83,141,273.88. This 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. Insiders sold 94,496 shares of company stock valued at $85,978,498 over the last ninety days. Corporate insiders own 0.28% of the company’s stock.

Lumentum 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.