Healthcare of Ontario Pension Plan Trust Fund Acquires 4,482 Shares of Lumentum Holdings Inc. $LITE

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 448,200.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,483 shares of the technology company’s stock after purchasing an additional 4,482 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Lumentum were worth $3,150,000 at the end of the most recent quarter.

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

Lumentum Stock Up 15.1%

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

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share (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 company had revenue of $808.40 million for the quarter, compared to analysts’ expectations of $810.21 million. During the same quarter in the prior year, the business posted $0.57 EPS. The business’s revenue was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Research analysts anticipate that Lumentum Holdings Inc. will post 6.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

LITE has been the topic of several research reports. Rosenblatt Securities boosted their price objective on shares of Lumentum from $900.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. B. Riley Financial reissued a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Zacks Research lowered Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lumentum in a research report on Friday, July 17th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $1,014.00 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and an average price target of $1,012.67.

Insider Buying and Selling

In other news, Director Isaac Hosojiro Harris sold 4,000 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $860.00, for a total transaction of $3,440,000.00. Following the transaction, the director directly owned 8,400 shares in the company, valued at $7,224,000. The trade was a 32.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 3,210 shares of the company’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 $3,062,179.50. Following the completion of the sale, the insider directly 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. 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 have sold 41,260 shares of company stock worth $38,859,220. Corporate insiders own 0.43% of the company’s stock.

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.