HighTower Advisors LLC Grows Holdings in Lumentum Holdings Inc. $LITE

HighTower Advisors LLC lifted its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 13.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,100 shares of the technology company’s stock after buying an additional 846 shares during the quarter. HighTower Advisors LLC’s holdings in Lumentum were worth $2,617,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LITE. Arrowstreet Capital Limited Partnership grew its position in shares of Lumentum by 8,579.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after buying an additional 1,545,199 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Lumentum by 707.0% in the 4th 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 during the period. Holocene Advisors LP purchased a new stake in shares of Lumentum in the 3rd quarter worth about $136,401,000. WT Asset Management Ltd grew its position in shares of Lumentum by 170.0% in the 3rd quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock worth $115,558,000 after buying an additional 447,208 shares during the period. Finally, Voloridge Investment Management LLC grew its position in shares of Lumentum by 107.5% in the 3rd quarter. Voloridge Investment Management LLC now owns 644,194 shares of the technology company’s stock worth $104,817,000 after buying an additional 333,734 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum Stock Performance

Shares of Lumentum stock opened at $854.96 on Monday. The stock has a market cap of $66.52 billion, a price-to-earnings ratio of 158.33 and a beta of 1.47. The firm’s 50-day moving average is $862.40 and its 200 day moving average is $585.91. Lumentum Holdings Inc. has a 1 year low of $71.04 and a 1 year high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The company had revenue of $808.40 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Sell-side analysts anticipate that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lumentum in a research report on Tuesday, April 21st. JPMorgan Chase & Co. upped their target price on shares of Lumentum from $950.00 to $1,130.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Mizuho set a $1,100.00 target price on shares of Lumentum in a research report on Wednesday, May 6th. Barclays upped their target price on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Bank of America upped their price target on shares of Lumentum to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Lumentum currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,012.43.

Insider Buying and Selling at Lumentum

In other Lumentum news, insider Vincent Retort sold 3,183 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $3,036,422.85. Following the transaction, the insider owned 89,563 shares in the company, valued at approximately $85,438,623.85. This represents a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction dated 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 transaction, the director owned 21,008 shares in the company, valued at $18,236,414.56. This represents a 19.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 35,844 shares of company stock worth $34,003,107. 0.43% of the stock is owned by company insiders.

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.