FACT Capital LP Invests $1.32 Million in Lumentum Holdings Inc. $LITE

FACT Capital LP purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the first quarter, HoldingsChannel.com reports. The fund purchased 1,872 shares of the technology company’s stock, valued at approximately $1,316,000. Lumentum makes up approximately 0.9% of FACT Capital LP’s portfolio, making the stock its 17th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sachetta LLC lifted its holdings in shares of Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after purchasing an additional 19 shares in the last quarter. Hilton Head Capital Partners LLC bought a new stake in Lumentum in the 1st quarter valued at approximately $25,000. Abel Hall LLC grew its stake in shares of Lumentum by 5.5% during the 1st quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock worth $487,000 after acquiring an additional 36 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Lumentum by 5.1% in the first quarter. Checchi Capital Advisers LLC now owns 790 shares of the technology company’s stock worth $555,000 after purchasing an additional 38 shares in the last quarter. Finally, 180 Wealth Advisors LLC boosted its holdings in Lumentum by 2.9% during the first quarter. 180 Wealth Advisors LLC now owns 1,553 shares of the technology company’s stock worth $1,092,000 after purchasing an additional 44 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lumentum

In other news, Director Ian Small sold 4,954 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Isaac Hosojiro Harris sold 4,000 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $860.00, for a total transaction of $3,440,000.00. Following the sale, the director directly owned 8,400 shares of the company’s stock, valued at $7,224,000. This represents a 32.26% 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. Over the last three months, insiders sold 41,260 shares of company stock worth $38,859,220. Corporate insiders own 0.43% of the company’s stock.

Lumentum Stock Performance

NASDAQ LITE opened at $711.96 on Tuesday. The firm has a 50-day moving average price of $841.23 and a two-hundred day moving average price of $730.69. Lumentum Holdings Inc. has a 12-month low of $101.61 and a 12-month high of $1,085.68. The company has a market capitalization of $55.39 billion, a P/E ratio of 131.84 and a beta of 1.48. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company had revenue of $808.40 million for the quarter, compared to analysts’ expectations of $810.21 million. During the same period last year, the firm 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. Analysts anticipate that Lumentum Holdings Inc. will post 6.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on LITE. Barclays increased their price target on shares of Lumentum from $750.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Morgan Stanley raised their price target on Lumentum from $710.00 to $900.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Susquehanna increased their price objective on shares of Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. lifted their target price on shares of Lumentum from $950.00 to $1,130.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Rosenblatt Securities raised their price objective on shares of Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,012.67.

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.