Lumentum Holdings Inc. $LITE Stake Lowered by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,011 shares of the technology company’s stock after selling 912 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Lumentum were worth $14,766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in LITE. Sachetta LLC grew its stake in Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after buying an additional 19 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in Lumentum in the first quarter worth $25,000. Abel Hall LLC lifted its stake in Lumentum by 5.5% in the first quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock valued at $487,000 after buying an additional 36 shares during the last quarter. Checchi Capital Advisers LLC lifted its stake in Lumentum by 5.1% in the first quarter. Checchi Capital Advisers LLC now owns 790 shares of the technology company’s stock valued at $555,000 after buying an additional 38 shares during the last quarter. Finally, 180 Wealth Advisors LLC boosted its holdings in shares of Lumentum by 2.9% during the first quarter. 180 Wealth Advisors LLC now owns 1,553 shares of the technology company’s stock valued at $1,092,000 after acquiring an additional 44 shares during the period. Institutional investors own 94.05% of the company’s stock.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Barclays recently upgraded Lumentum and cited expectations for continued earnings strength, keeping the photonics maker in focus ahead of its next earnings report.
• Positive Sentiment: Zacks highlighted Lumentum as one of three stocks worth buying after recent broker rating upgrades, reinforcing the bullish analyst backdrop.
• Positive Sentiment: Analysts now describe Lumentum as a “Moderate Buy,” reflecting broad Street confidence in the company’s outlook.
• Positive Sentiment: Recent coverage has tied Lumentum to AI and data-center spending themes, with investors expecting optical networking suppliers to benefit from ongoing infrastructure buildout.
• Neutral Sentiment: Investors are also watching Lumentum’s upcoming quarterly earnings preview, with results likely to be a key catalyst for the stock.
• Negative Sentiment: Short interest data showed 0 shares reported, so there is no meaningful bearish signal from the latest short-interest update.

Analysts Set New Price Targets

A number of analysts recently weighed in on LITE shares. Loop Capital increased their price objective on shares of Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Citigroup reissued a “buy” rating on shares of Lumentum in a research note on Thursday, July 16th. Craig Hallum upped their target price on shares of Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. TD Cowen dropped their price target on shares of Lumentum from $995.00 to $800.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Finally, Northland Securities boosted their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,012.67.

Insiders Place Their Bets

In related news, insider Vincent Retort sold 3,183 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $3,036,422.85. Following the completion of the sale, the insider directly owned 89,563 shares in the company, valued at approximately $85,438,623.85. This trade represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 Ian Small sold 4,954 shares of the firm’s stock in a transaction on 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 sale, the director directly 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 41,260 shares of company stock valued at $38,859,220. 0.43% of the stock is currently owned by insiders.

Lumentum Stock Performance

Shares of NASDAQ:LITE opened at $762.99 on Monday. The company has a 50 day moving average of $844.69 and a 200-day moving average of $728.47. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The firm has a market cap of $59.36 billion, a P/E ratio of 141.29 and a beta of 1.48. Lumentum Holdings Inc. has a twelve month low of $101.22 and a twelve month high of $1,085.68.

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

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.