Andar Capital Management HK Ltd Purchases New Shares in Lumentum Holdings Inc. $LITE

Andar Capital Management HK Ltd purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,733 shares of the technology company’s stock, valued at approximately $4,325,000. Lumentum makes up about 4.7% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 7th biggest position.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Lumentum by 0.6% during the third quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock valued at $1,217,930,000 after acquiring an additional 41,975 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Lumentum by 8,579.2% during 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 acquiring an additional 1,545,199 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Lumentum by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock worth $521,563,000 after purchasing an additional 123,265 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Lumentum by 4.4% in the third quarter. Alliancebernstein L.P. now owns 1,085,119 shares of the technology company’s stock worth $176,560,000 after purchasing an additional 45,953 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Lumentum by 707.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock worth $366,555,000 after purchasing an additional 871,249 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Transactions at Lumentum

In related news, insider Vincent Retort sold 3,183 shares of the stock in a transaction that occurred on 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 directly owned 89,563 shares of the company’s stock, valued at $85,438,623.85. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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, Director Ian Small sold 4,954 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the completion of the transaction, the director directly owned 21,008 shares of the company’s stock, valued at $18,236,414.56. The trade was a 19.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 35,844 shares of company stock worth $34,003,107 over the last ninety days. 0.43% of the stock is currently owned by insiders.

Lumentum Stock Performance

LITE stock opened at $860.62 on Friday. The firm has a market cap of $66.96 billion, a price-to-earnings ratio of 159.37 and a beta of 1.53. The firm has a 50-day simple moving average of $859.32 and a two-hundred day simple moving average of $581.72. Lumentum Holdings Inc. has a one year low of $71.04 and a one year high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.27 by $0.10. The firm had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. Lumentum’s revenue was up 90.1% on a year-over-year basis. During the same period last year, the firm posted $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities analysts forecast that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on LITE. Raymond James Financial reiterated an “outperform” rating and set a $1,014.00 target price on shares of Lumentum in a report on Wednesday, May 6th. Susquehanna increased their target price on shares of Lumentum from $550.00 to $1,100.00 and gave the stock a “positive” rating in a report on Monday, April 20th. B. Riley Financial reiterated a “buy” rating on shares of Lumentum in a report on Friday, May 1st. Loop Capital increased their target price on shares of Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Northland Securities set a $1,000.00 price target on shares of Lumentum in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and an average target price of $1,012.43.

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.