Lumentum Holdings Inc. $LITE is Keystone Investors PTE Ltd.’s 8th Largest Position

Keystone Investors PTE Ltd. lessened its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 29.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,164 shares of the technology company’s stock after selling 46,113 shares during the period. Lumentum comprises about 3.6% of Keystone Investors PTE Ltd.’s holdings, making the stock its 8th biggest position. Keystone Investors PTE Ltd.’s holdings in Lumentum were worth $40,605,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in LITE. Advisors Asset Management Inc. increased its holdings in Lumentum by 36.8% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after buying an additional 254 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Lumentum by 109.9% during the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after buying an additional 6,275 shares during the last quarter. Empowered Funds LLC increased its holdings in Lumentum by 9.1% during the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after buying an additional 680 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Lumentum during the second quarter worth about $298,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Lumentum during the second quarter worth about $1,712,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

LITE opened at $921.56 on Friday. The company has a market capitalization of $71.70 billion, a price-to-earnings ratio of 170.66 and a beta of 1.47. 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 firm has a 50-day moving average price of $897.64 and a 200-day moving average price of $629.72. Lumentum Holdings Inc. has a twelve month low of $81.93 and a twelve month high of $1,085.68.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.10. The firm had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company’s revenue was up 90.1% on a year-over-year basis. 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. Equities analysts expect that Lumentum Holdings Inc. will post 6.49 EPS for the current year.

Insider Transactions at Lumentum

In other news, insider Vincent Retort sold 3,183 shares of Lumentum stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $3,036,422.85. Following the completion of the transaction, the insider owned 89,563 shares in the company, valued at $85,438,623.85. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 Yuen Wupen sold 3,210 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider owned 81,488 shares of the company’s stock, valued at $77,735,477.60. This trade represents 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 three months, insiders have sold 41,260 shares of company stock valued at $38,859,220. 0.43% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on LITE shares. Stifel Nicolaus raised their price objective on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. 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 report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Lumentum in a report on Tuesday, April 21st. JPMorgan Chase & Co. raised their price objective 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, Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.95.

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.