Machina Capital S.A.S. Invests $265,000 in Lumentum Holdings Inc. $LITE

Machina Capital S.A.S. acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,792 shares of the technology company’s stock, valued at approximately $265,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Lumentum by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock valued at $463,198,000 after purchasing an additional 47,811 shares during the period. PointState Capital LP bought a new position in Lumentum during the first quarter valued at approximately $213,503,000. Atreides Management LP lifted its position in Lumentum by 6.8% during the first quarter. Atreides Management LP now owns 1,875,257 shares of the technology company’s stock valued at $116,904,000 after purchasing an additional 119,938 shares during the period. Alliancebernstein L.P. lifted its position in Lumentum by 1.1% during the first quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company’s stock valued at $107,913,000 after purchasing an additional 19,085 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Lumentum by 26.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,063,529 shares of the technology company’s stock valued at $66,300,000 after purchasing an additional 225,240 shares during the period. Institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

LITE has been the subject of a number of research reports. Bank of America raised shares of Lumentum from an “underperform” rating to a “neutral” rating and upped their target price for the company from $78.00 to $135.00 in a report on Wednesday, August 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a report on Wednesday, October 8th. B. Riley upped their target price on shares of Lumentum from $73.00 to $83.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. KGI Securities initiated coverage on shares of Lumentum in a report on Monday, August 18th. They set an “outperform” rating for the company. Finally, Morgan Stanley upped their target price on shares of Lumentum from $100.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.43.

Insider Activity at Lumentum

In related news, CFO Wajid Ali sold 2,526 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $124.39, for a total transaction of $314,209.14. Following the completion of the transaction, the chief financial officer directly owned 77,087 shares of the company’s stock, valued at approximately $9,588,851.93. This trade represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jae Kim sold 4,507 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $116.88, for a total transaction of $526,778.16. Following the transaction, the senior vice president directly owned 33,465 shares of the company’s stock, valued at $3,911,389.20. The trade was a 11.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 18,198 shares of company stock valued at $2,180,887. Insiders own 0.43% of the company’s stock.

Lumentum Stock Performance

Shares of NASDAQ LITE opened at $188.36 on Wednesday. The firm has a fifty day moving average price of $163.44 and a 200-day moving average price of $115.37. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.37 and a quick ratio of 3.18. The stock has a market cap of $13.36 billion, a PE ratio of 818.96 and a beta of 1.48. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $214.50.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, August 12th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The firm had revenue of $480.70 million during the quarter, compared to analysts’ expectations of $465.27 million. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The company’s revenue for the quarter was up 55.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 earnings per share. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Equities analysts anticipate that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.