Talos Eurisko Asset Management LP Invests $21.51 Million in Lumentum Holdings Inc. $LITE

Talos Eurisko Asset Management LP purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 58,353 shares of the technology company’s stock, valued at approximately $21,508,000. Lumentum comprises 3.8% of Talos Eurisko Asset Management LP’s investment portfolio, making the stock its 8th biggest holding.

Other large investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its holdings in Lumentum by 45.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock worth $136,306,000 after acquiring an additional 114,714 shares during the period. Andar Capital Management HK Ltd acquired a new position in Lumentum during the fourth quarter worth $4,325,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Lumentum during the fourth quarter worth $6,755,000. Headwater Capital Co Ltd acquired a new position in Lumentum during the third quarter worth $20,339,000. Finally, Maxi Investments CY Ltd acquired a new position in Lumentum during the fourth quarter worth $2,212,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Stock Up 3.9%

Lumentum stock opened at $957.24 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. The firm has a market capitalization of $74.47 billion, a price-to-earnings ratio of 177.27 and a beta of 1.47. Lumentum Holdings Inc. has a fifty-two week low of $83.42 and a fifty-two week high of $1,085.68. The stock’s fifty day moving average is $900.25 and its two-hundred day moving average is $636.73.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. The company had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.Lumentum’s revenue was up 90.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Analysts predict that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LITE has been the topic of a number of recent analyst reports. TD Cowen upped their price objective on Lumentum from $875.00 to $995.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. B. Riley Financial reaffirmed a “buy” rating on shares of Lumentum in a report on Friday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $1,040.00 price objective on shares of Lumentum in a report on Tuesday, June 9th. Northland Securities upped their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Finally, Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,021.95.

Insider Buying and Selling at Lumentum

In related 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 owned 21,008 shares of the company’s stock, valued at $18,236,414.56. This trade represents a 19.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jae Kim sold 1,422 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $1,356,516.90. Following the sale, the senior vice president directly owned 32,333 shares in the company, valued at approximately $30,844,065.35. The trade was a 4.21% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 valued at $38,859,220. 0.43% of the stock is owned by company insiders.

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.