Temasek Holdings Private Ltd Acquires Shares of 25,926 Lumentum Holdings Inc. $LITE

Temasek Holdings Private Ltd bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the first quarter, Holdings Channel.com reports. The firm bought 25,926 shares of the technology company’s stock, valued at approximately $18,220,000.

Several other institutional investors have also recently made changes to their positions in LITE. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lumentum by 8,579.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after purchasing an additional 1,545,199 shares during the period. Norges Bank purchased a new stake in Lumentum in the fourth quarter worth $474,495,000. Value Aligned Research Advisors LLC purchased a new stake in Lumentum in the fourth quarter worth $432,062,000. Situational Awareness LP raised its holdings in Lumentum by 210.9% in the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock worth $478,577,000 after purchasing an additional 880,800 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Lumentum by 707.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock worth $366,555,000 after purchasing an additional 871,249 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Insider Transactions at Lumentum

In other Lumentum news, Director Ian Small sold 4,954 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $868.07, for a total value of $4,300,418.78. Following the transaction, the director owned 21,008 shares of the company’s stock, valued at approximately $18,236,414.56. This represents a 19.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Lillie sold 11,951 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $981.64, for a total value of $11,731,579.64. Following the completion of the transaction, the director directly owned 13,959 shares in the company, valued at $13,702,712.76. The trade was a 46.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 41,260 shares of company stock worth $38,859,220. Company insiders own 0.43% of the company’s stock.

Lumentum Stock Up 9.4%

LITE opened at $837.56 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $856.21 and a 200-day moving average price of $719.22. Lumentum Holdings Inc. has a twelve month low of $97.55 and a twelve month high of $1,085.68. The stock has a market capitalization of $65.16 billion, a price-to-earnings ratio of 155.10 and a beta of 1.48.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company had revenue of $808.40 million for the quarter, compared to analysts’ expectations of $810.21 million. During the same quarter last year, the company posted $0.57 earnings per share. The firm’s quarterly revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities research analysts forecast that Lumentum Holdings Inc. will post 6.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on LITE shares. Citic Securities boosted their target price on shares of Lumentum from $620.00 to $1,186.00 in a report on Monday, May 11th. Needham & Company LLC reiterated a “buy” rating and issued a $1,040.00 price target on shares of Lumentum in a research note on Tuesday, June 9th. B. Riley Financial reissued a “buy” rating on shares of Lumentum in a research report on Friday, May 1st. Northland Securities boosted their price objective on shares of Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Raymond James Financial restated an “outperform” rating and issued a $1,014.00 price objective on shares of Lumentum in a report on Wednesday, May 6th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and a consensus target price of $1,012.67.

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.