Lumentum Holdings Inc. $LITE Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 7,168.8% during the third quarter, Holdings Channel reports. The fund owned 362,352 shares of the technology company’s stock after acquiring an additional 357,367 shares during the period. Federated Hermes Inc.’s holdings in Lumentum were worth $58,958,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FengHe Fund Management Pte. Ltd. acquired a new position in Lumentum during the 3rd quarter worth approximately $71,771,000. Pacer Advisors Inc. purchased a new stake in shares of Lumentum during the 3rd quarter worth $1,512,000. Leeward Investments LLC MA grew its stake in shares of Lumentum by 14.8% during the second quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock worth $49,092,000 after purchasing an additional 66,541 shares in the last quarter. Global Trust Asset Management LLC purchased a new position in Lumentum in the third quarter valued at $1,942,000. Finally, Braun Stacey Associates Inc. acquired a new stake in Lumentum in the third quarter valued at $15,125,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Lumentum Price Performance

LITE stock opened at $381.44 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77. The company has a market capitalization of $27.04 billion, a P/E ratio of 256.00 and a beta of 1.51. The business has a 50 day simple moving average of $348.01 and a 200-day simple moving average of $222.45. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $402.79.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, November 4th. The technology company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The business had revenue of $533.80 million for the quarter, compared to analysts’ expectations of $525.10 million. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The company’s quarterly revenue was up 58.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. As a group, equities analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Jae Kim sold 170 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $246.00, for a total transaction of $41,820.00. Following the completion of the sale, the senior vice president owned 38,400 shares in the company, valued at approximately $9,446,400. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $243.32, for a total value of $1,751,904.00. Following the transaction, the director directly owned 9,764 shares in the company, valued at approximately $2,375,776.48. This represents a 42.44% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 28,612 shares of company stock valued at $7,317,398. 0.43% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LITE shares. Wall Street Zen cut Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Susquehanna upped their price target on Lumentum from $230.00 to $420.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Wolfe Research reiterated an “outperform” rating and issued a $240.00 price target on shares of Lumentum in a research note on Wednesday, November 5th. Raymond James Financial downgraded shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective for the company. in a research report on Friday, October 31st. Finally, B. Riley upped their target price on shares of Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $285.19.

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.