Jackson Square Capital LLC Has $3.76 Million Stock Holdings in Lumentum Holdings Inc. $LITE

Jackson Square Capital LLC reduced its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 9.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,075 shares of the technology company’s stock after selling 2,369 shares during the quarter. Jackson Square Capital LLC’s holdings in Lumentum were worth $3,755,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Veracity Capital LLC acquired a new position in Lumentum during the third quarter worth $460,000. Assenagon Asset Management S.A. lifted its holdings in Lumentum by 198.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 123,229 shares of the technology company’s stock worth $20,051,000 after purchasing an additional 81,906 shares in the last quarter. Sanders Morris Harris LLC purchased a new position in Lumentum during the 3rd quarter valued at about $1,014,000. Oak Thistle LLC increased its position in shares of Lumentum by 337.9% during the third quarter. Oak Thistle LLC now owns 37,399 shares of the technology company’s stock valued at $6,085,000 after buying an additional 28,858 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Lumentum by 11.2% in the third quarter. GAMMA Investing LLC now owns 2,671 shares of the technology company’s stock valued at $435,000 after acquiring an additional 270 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on LITE shares. Wall Street Zen lowered shares of Lumentum from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Morgan Stanley increased their target price on Lumentum from $190.00 to $304.00 and gave the company an “equal weight” rating in a report on Wednesday. Susquehanna lifted their target price on shares of Lumentum from $140.00 to $190.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Rosenblatt Securities upped their price target on shares of Lumentum to $380.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Lumentum in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $222.13.

Insider Buying and Selling

In other Lumentum news, Director Julia Suzanne Johnson sold 10,000 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $270.39, for a total value of $2,703,900.00. Following the completion of the sale, the director directly owned 12,037 shares in the company, valued at approximately $3,254,684.43. This trade represents a 45.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jae Kim sold 1,367 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $234.14, for a total transaction of $320,069.38. Following the transaction, the senior vice president owned 38,570 shares in the company, valued at approximately $9,030,779.80. This trade represents a 3.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,612 shares of company stock valued at $7,317,398 over the last ninety days. Company insiders own 0.43% of the company’s stock.

Lumentum Stock Performance

Shares of Lumentum stock opened at $371.43 on Friday. The company has a market capitalization of $26.33 billion, a PE ratio of 249.28 and a beta of 1.53. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $376.53. The stock’s fifty day moving average is $255.47 and its two-hundred day moving average is $166.71. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77.

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, beating analysts’ consensus estimates of $1.03 by $0.07. The firm had revenue of $533.80 million during the quarter, compared to analyst estimates of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.Lumentum’s quarterly revenue was up 58.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. As a group, analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

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.