Arrowpoint Investment Partners Singapore Pte. Ltd. Makes New Investment in Lumentum Holdings Inc. $LITE

Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 11,487 shares of the technology company’s stock, valued at approximately $4,234,000. Lumentum makes up about 0.6% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s investment portfolio, making the stock its 19th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in LITE. EverSource Wealth Advisors LLC raised its holdings in Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after acquiring an additional 131 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Lumentum during the 4th quarter valued at $28,000. Danske Bank A S bought a new stake in shares of Lumentum in the 3rd quarter worth $33,000. Harbour Investments Inc. increased its holdings in shares of Lumentum by 675.0% in the 4th quarter. Harbour Investments Inc. now owns 93 shares of the technology company’s stock worth $34,000 after purchasing an additional 81 shares in the last quarter. Finally, Chesapeake Asset Management LLC purchased a new position in shares of Lumentum in the fourth quarter worth $37,000. Institutional investors own 94.05% of the company’s stock.

Insider Activity

In related news, insider Vincent Retort sold 3,183 shares of Lumentum stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $3,036,422.85. Following the transaction, the insider directly owned 89,563 shares in the company, valued at approximately $85,438,623.85. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Isaac Hosojiro Harris sold 1,416 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the sale, the director directly owned 6,984 shares of the company’s stock, valued at $6,984,558.72. This represents a 16.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 41,260 shares of company stock worth $38,859,220. Company insiders own 0.43% of the company’s stock.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $945.08 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $73.53 billion, a PE ratio of 175.02 and a beta of 1.47. The firm’s 50 day moving average price is $878.56 and its 200-day moving average price is $606.00. Lumentum Holdings Inc. has a twelve month low of $80.39 and a twelve month high of $1,085.68.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the business posted $0.57 earnings per share. The firm’s quarterly revenue was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities research analysts expect that Lumentum Holdings Inc. will post 6.49 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on LITE. Barclays increased their price objective on Lumentum from $750.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Jefferies Financial Group reissued a “buy” rating and issued a $1,200.00 target price on shares of Lumentum in a research report on Wednesday, May 6th. Citigroup raised their price target on shares of Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Susquehanna lifted their price target 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. Finally, Rosenblatt Securities boosted their price objective on shares of Lumentum from $900.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Lumentum presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.95.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Northland Securities boosted its price target on Lumentum to $1,200 from $1,000 and reiterated an Outperform rating, reinforcing the bullish case for the stock. MarketScreener report on Northland target increase
• Positive Sentiment: Coverage continues to emphasize Lumentum’s exposure to AI data center demand, with Nvidia’s push toward optical interconnects putting LITE at the center of a major infrastructure trend. Yahoo Finance article on Nvidia optics shift
• Positive Sentiment: Lumentum announced agreements to exchange about $650.4 million of its 0.50% convertible senior notes due 2028, a transaction that may improve balance-sheet flexibility and reduce refinancing risk. Yahoo Finance article on private share exchange transaction
• Neutral Sentiment: Analyst sentiment remains constructive overall, with reports saying Lumentum carries an average rating of “Moderate Buy.” Analyst rating report
• Negative Sentiment: Director Isaac Hosojiro Harris sold 1,416 shares in a pre-arranged Rule 10b5-1 transaction, which is usually less concerning than discretionary insider selling but can still weigh on sentiment. SEC Form 4 filing

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.