LMR Partners LLP Buys New Shares in Lumentum Holdings Inc. $LITE

LMR Partners LLP purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 127,000 shares of the technology company’s stock, valued at approximately $12,073,000. LMR Partners LLP owned about 0.18% of Lumentum 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. Vanguard Group Inc. raised its holdings in Lumentum by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock worth $463,198,000 after purchasing an additional 47,811 shares in the last quarter. Leeward Investments LLC MA increased its position 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 valued at $49,092,000 after buying an additional 66,541 shares during the period. Schroder Investment Management Group raised its stake in Lumentum by 1.9% in the second quarter. Schroder Investment Management Group now owns 881,813 shares of the technology company’s stock worth $83,825,000 after buying an additional 16,200 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in Lumentum by 45.7% in the second quarter. Northwest & Ethical Investments L.P. now owns 10,200 shares of the technology company’s stock worth $966,000 after buying an additional 3,200 shares during the period. Finally, FORA Capital LLC bought a new stake in Lumentum during the 1st quarter valued at approximately $642,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $324.35 on Friday. The business has a fifty day moving average price of $237.68 and a 200-day moving average price of $157.68. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The company has a market capitalization of $23.00 billion, a PE ratio of 217.69 and a beta of 1.53. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $376.53.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The company 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%. Lumentum’s revenue was up 58.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 EPS. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. As a group, equities analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Insider Activity

In other Lumentum news, SVP Jae Kim sold 170 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $246.00, for a total transaction of $41,820.00. Following the sale, the senior vice president directly owned 38,400 shares in the company, valued at approximately $9,446,400. This trade represents a 0.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the business’s stock in a transaction on 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 completion of the transaction, the director owned 9,764 shares of the company’s stock, valued at $2,375,776.48. This represents a 42.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 28,612 shares of company stock valued at $7,317,398. Company insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wall Street Zen lowered Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. B. Riley increased their price objective on Lumentum from $83.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Raymond James Financial lowered 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. Mizuho upped their target price on shares of Lumentum to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Finally, Susquehanna increased their price target on shares of Lumentum from $140.00 to $190.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and an average target price of $215.00.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.