Lumentum Holdings Inc. $LITE Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 6.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,632 shares of the technology company’s stock after selling 1,110 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Lumentum were worth $11,688,000 as of its most recent SEC filing.

Other hedge funds also recently 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 bought a new stake in Lumentum in the fourth quarter worth about $4,325,000. Whittier Trust Co. lifted its holdings in Lumentum by 21,806.5% in the 1st quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock valued at $57,183,000 after acquiring an additional 73,706 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Lumentum in the 4th quarter valued at about $6,755,000. Finally, Maxi Investments CY Ltd bought a new position in shares of Lumentum during the 4th quarter valued at about $2,212,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lumentum news, SVP Jae Kim sold 1,422 shares of Lumentum 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 $1,356,516.90. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, 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 business’s stock in a transaction 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 sale, the director directly owned 21,008 shares in the company, valued at approximately $18,236,414.56. This trade represents a 19.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 41,260 shares of company stock worth $38,859,220 in the last quarter. Corporate insiders own 0.43% of the company’s stock.

Lumentum Price Performance

NASDAQ LITE opened at $768.15 on Tuesday. The stock’s 50-day moving average price is $879.63 and its two-hundred day moving average price is $702.94. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The company has a market cap of $59.76 billion, a PE ratio of 142.25 and a beta of 1.48. Lumentum Holdings Inc. has a 1 year low of $90.98 and a 1 year high of $1,085.68.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. During the same period in the prior year, the firm earned $0.57 earnings per share. The business’s quarterly revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, analysts predict that Lumentum Holdings Inc. will post 6.4 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LITE shares. Susquehanna lifted their price objective on shares of Lumentum from $550.00 to $1,100.00 and gave the stock a “positive” rating in a research note on Monday, April 20th. Jefferies Financial Group reissued a “buy” rating and set a $1,200.00 target price on shares of Lumentum in a research note on Wednesday, May 6th. JPMorgan Chase & Co. raised their target price 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. Rosenblatt Securities lifted their price target on shares of Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, TD Cowen dropped their price target on Lumentum from $995.00 to $800.00 and set a “hold” rating on the stock in a report on Monday. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,012.67.

Lumentum Company 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.