Lumentum Holdings Inc. $LITE Shares Bought by Liontrust Investment Partners LLP

Liontrust Investment Partners LLP raised its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 25.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 21,580 shares of the technology company’s stock after acquiring an additional 4,419 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Lumentum were worth $15,166,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership increased its holdings in shares of Lumentum by 18.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock valued at $683,661,000 after acquiring an additional 291,591 shares in the last quarter. Geode Capital Management LLC grew its position in Lumentum by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock worth $521,563,000 after purchasing an additional 123,265 shares during the last quarter. Situational Awareness LP increased its stake in Lumentum by 210.9% during the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after purchasing an additional 880,800 shares in the last quarter. Norges Bank purchased a new position in shares of Lumentum in the fourth quarter worth $474,495,000. Finally, Value Aligned Research Advisors LLC acquired a new stake in shares of Lumentum during the fourth quarter worth $432,062,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Activity at Lumentum

In other news, Director Ian Small sold 4,954 shares of the company’s 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 sale, the director owned 21,008 shares in the company, valued at $18,236,414.56. This represents a 19.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Wajid Ali sold 2,487 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $2,372,473.65. Following the completion of the sale, the chief financial officer owned 60,951 shares in the company, valued at $58,144,206.45. The trade was a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 41,260 shares of company stock worth $38,859,220 in the last three months. Company insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

LITE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Barclays raised their target price on Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Craig Hallum lifted their price target on Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Citic Securities boosted their price target on Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $1,200.00 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 issued a Hold rating to the company. According to data from MarketBeat, Lumentum has a consensus rating of “Moderate Buy” and a consensus target price of $1,012.67.

Lumentum Stock Up 15.1%

LITE stock opened at $693.24 on Friday. The company has a market capitalization of $53.93 billion, a P/E ratio of 128.38 and a beta of 1.48. Lumentum Holdings Inc. has a 12 month low of $101.61 and a 12 month high of $1,085.68. The firm’s fifty day simple moving average is $825.72 and its 200-day simple moving average is $736.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97.

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. The firm had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The firm’s revenue was up 90.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, equities research analysts forecast that Lumentum Holdings Inc. will post 6.42 earnings per share for the current 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.