Stratos Investment Management LLC Acquires Shares of 1,045 Lumentum Holdings Inc. $LITE

Stratos Investment Management LLC bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,045 shares of the technology company’s stock, valued at approximately $385,000.

Several other hedge funds also recently made changes to their positions in LITE. Arrowstreet Capital Limited Partnership raised its position in shares of Lumentum by 8,579.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after buying an additional 1,545,199 shares in the last quarter. Hood River Capital Management LLC grew its position in Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after buying an additional 994,551 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Lumentum by 707.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock worth $366,555,000 after buying an additional 871,249 shares in the last quarter. Holocene Advisors LP bought a new position in Lumentum during the 3rd quarter worth $136,401,000. Finally, WT Asset Management Ltd raised its holdings in Lumentum by 170.0% in the 3rd quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock valued at $115,558,000 after acquiring an additional 447,208 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Insider Transactions at Lumentum

In other news, insider Vincent Retort sold 45,026 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total value of $26,624,774.32. Following the completion of the transaction, the insider owned 102,455 shares of the company’s stock, valued at $60,583,690.60. This represents a 30.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Wajid Ali sold 5,302 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the transaction, the chief financial officer owned 66,287 shares of the company’s stock, valued at approximately $45,812,934.31. This trade represents a 7.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 65,775 shares of company stock valued at $38,851,343 over the last three months. Company insiders own 0.43% of the company’s stock.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $826.88 on Friday. The company has a fifty day moving average of $622.91 and a 200-day moving average of $391.32. The company has a market capitalization of $59.04 billion, a PE ratio of 253.64 and a beta of 1.38. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $827.56.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.26. The company had revenue of $665.50 million for the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.Lumentum’s revenue for the quarter was up 65.5% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, equities analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LITE. TD Cowen began coverage on Lumentum in a research report on Thursday, March 12th. They set a “hold” rating and a $675.00 target price for the company. Rosenblatt Securities restated a “buy” rating and issued a $900.00 price target on shares of Lumentum in a research report on Wednesday, March 18th. Needham & Company LLC boosted their price target on Lumentum to $850.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Bank of America upped their price objective on shares of Lumentum to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, UBS Group increased their price objective on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $575.06.

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.