E20 Capital Ltd Has $131.18 Million Stock Position in Lumentum Holdings Inc. $LITE

E20 Capital Ltd boosted its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 606.9% during the first quarter, Holdings Channel reports. The institutional investor owned 186,661 shares of the technology company’s stock after purchasing an additional 160,256 shares during the quarter. Lumentum comprises approximately 12.3% of E20 Capital Ltd’s portfolio, making the stock its largest holding. E20 Capital Ltd’s holdings in Lumentum were worth $131,178,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Sachetta LLC lifted its position 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 in the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of Lumentum during the 1st quarter worth about $25,000. Abel Hall LLC grew its holdings in shares of Lumentum by 5.5% in the 1st quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock valued at $487,000 after acquiring an additional 36 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of Lumentum by 5.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 790 shares of the technology company’s stock valued at $555,000 after acquiring an additional 38 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its position in shares of Lumentum by 2.9% in 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 last quarter. Institutional investors own 94.05% of the company’s stock.

Insider Transactions at Lumentum

In other news, insider Yuen Wupen sold 3,210 shares of Lumentum stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $3,062,179.50. Following the completion of the sale, the insider owned 81,488 shares of the company’s stock, valued at approximately $77,735,477.60. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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, insider Vincent Retort sold 3,183 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $85,438,623.85. The trade was a 3.43% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last quarter, insiders sold 41,260 shares of company stock worth $38,859,220. 0.43% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LITE has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Lumentum in a report on Friday, July 17th. Barclays raised their price target on Lumentum from $750.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Loop Capital upped their price objective on Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Northland Securities increased their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Finally, TD Cowen cut their price objective on Lumentum from $995.00 to $800.00 and set a “hold” rating for the company in a report on Monday, July 13th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,012.67.

Lumentum Trading Up 15.1%

Shares of NASDAQ:LITE opened at $693.24 on Friday. Lumentum Holdings Inc. has a 12-month low of $101.61 and a 12-month high of $1,085.68. The business has a 50 day moving average of $825.72 and a 200-day moving average of $736.71. 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 stock has a market cap of $53.93 billion, a PE ratio of 128.38 and a beta of 1.48.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The company had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm’s quarterly revenue was up 90.1% compared to the same quarter last year. During the same quarter last year, the company earned $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.

About Lumentum

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.