Capstone Capital Management Ltd Buys New Shares in Lumentum Holdings Inc. $LITE

Capstone Capital Management Ltd bought a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,291 shares of the technology company’s stock, valued at approximately $3,016,000. Lumentum accounts for about 2.9% of Capstone Capital Management Ltd’s holdings, making the stock its 9th largest holding.

Other institutional investors have also bought and sold shares of the company. Frank Rimerman Advisors LLC bought a new stake in Lumentum during the first quarter valued at about $498,000. Jackson Thornton Wealth Management LLC purchased a new position in shares of Lumentum in the first quarter valued at about $236,000. R Squared Ltd bought a new position in shares of Lumentum in the first quarter worth about $703,000. Swedbank AB boosted its stake in shares of Lumentum by 457.8% in the first quarter. Swedbank AB now owns 332,440 shares of the technology company’s stock worth $233,626,000 after acquiring an additional 272,840 shares during the period. Finally, Abel Hall LLC grew its position in shares of Lumentum by 5.5% during the first quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock worth $487,000 after purchasing an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

NASDAQ:LITE opened at $707.10 on Thursday. The firm has a market capitalization of $55.01 billion, a price-to-earnings ratio of 130.94 and a beta of 1.48. Lumentum Holdings Inc. has a 1 year low of $88.93 and a 1 year high of $1,085.68. The business has a 50 day simple moving average of $883.55 and a 200-day simple moving average of $694.44. 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 announced its earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 24.81% and a net margin of 17.61%.The company’s quarterly revenue was up 90.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities analysts forecast that Lumentum Holdings Inc. will post 6.4 EPS for the current year.

Insider Activity at Lumentum

In other Lumentum news, Director Ian Small sold 4,954 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $868.07, for a total value of $4,300,418.78. Following the completion of the sale, the director owned 21,008 shares of the company’s stock, valued at $18,236,414.56. This trade represents a 19.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yuen Wupen sold 3,210 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $3,062,179.50. Following the completion of the sale, the insider owned 81,488 shares in the company, valued at approximately $77,735,477.60. The trade was a 3.79% decrease in their ownership of the stock. 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 valued at $38,859,220 over the last three months. Corporate insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on LITE. Citic Securities lifted their target price on Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. Morgan Stanley upped their price target on Lumentum from $710.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. increased 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. Stifel Nicolaus lifted their price objective on shares of Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Rosenblatt Securities boosted their target price on shares of Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Fourteen equities 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.95.

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.