OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases New Holdings in Lumentum Holdings Inc. $LITE

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the fourth quarter, Holdings Channel reports. The firm purchased 3,083 shares of the technology company’s stock, valued at approximately $1,136,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Truvestments Capital LLC increased its position in Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after buying an additional 57 shares during the last quarter. Valliance Asset Management Ltd purchased a new stake in Lumentum in the fourth quarter worth $7,372,000. Vanguard Personalized Indexing Management LLC increased its position in Lumentum by 9.7% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 7,380 shares of the technology company’s stock worth $2,720,000 after buying an additional 650 shares during the last quarter. Mariner LLC increased its position in Lumentum by 33.9% in the fourth quarter. Mariner LLC now owns 12,485 shares of the technology company’s stock worth $4,604,000 after buying an additional 3,158 shares during the last quarter. Finally, KCM Investment Advisors LLC purchased a new stake in Lumentum in the fourth quarter worth $265,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lumentum

In related news, Director Brian Lillie sold 11,951 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $981.64, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Isaac Hosojiro Harris sold 4,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $860.00, for a total value of $3,440,000.00. Following the transaction, the director owned 8,400 shares of the company’s stock, valued at approximately $7,224,000. The trade was a 32.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 41,260 shares of company stock valued at $38,859,220 over the last 90 days. Insiders own 0.43% of the company’s stock.

Lumentum Price Performance

Lumentum stock opened at $957.24 on Tuesday. Lumentum Holdings Inc. has a one year low of $83.42 and a one year high of $1,085.68. The business has a fifty day moving average price of $900.25 and a 200-day moving average price of $636.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The firm has a market capitalization of $74.47 billion, a P/E ratio of 177.27 and a beta of 1.47.

Lumentum (NASDAQ:LITE) last posted its quarterly 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. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. During the same period last year, the company 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, equities research analysts forecast that Lumentum Holdings Inc. will post 6.49 EPS for the current year.

Analysts Set New Price Targets

LITE has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Lumentum in a research report on Tuesday, April 21st. UBS Group raised their target price on Lumentum from $455.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Craig Hallum raised their price target on Lumentum from $900.00 to $1,150.00 in a report on Wednesday, May 6th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Finally, Citigroup raised their price target on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.95.

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.