NS Partners Ltd Makes New $1.67 Million Investment in Lumentum Holdings Inc. $LITE

NS Partners Ltd bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,946 shares of the technology company’s stock, valued at approximately $1,670,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jupiter Topco LLC purchased a new position in shares of Lumentum during the second quarter worth approximately $1,621,396,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Lumentum by 18.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock valued at $683,661,000 after buying an additional 291,591 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Lumentum by 9.6% during the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock worth $521,563,000 after buying an additional 123,265 shares during the period. Situational Awareness LP grew its holdings in shares of Lumentum by 210.9% during the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock worth $478,577,000 after buying an additional 880,800 shares during the last quarter. Finally, Norges Bank acquired a new position in Lumentum in the 4th quarter valued at about $474,495,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lumentum

In other news, insider Yuen Wupen sold 500 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $882.15, for a total value of $441,075.00. Following the completion of the transaction, the insider owned 119,127 shares in the company, valued at $105,087,883.05. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 12,000 shares of Lumentum stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $852.58, for a total value of $10,230,960.00. Following the transaction, the senior vice president directly owned 37,804 shares of the company’s stock, valued at $32,230,934.32. This trade represents a 24.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 63,147 shares of company stock worth $54,032,636 over the last quarter. Insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

LITE has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on Lumentum from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. Mizuho lifted their price objective on shares of Lumentum from $1,100.00 to $1,140.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price objective on shares of Lumentum in a research note on Wednesday, August 12th. Wolfe Research restated an “outperform” rating on shares of Lumentum in a research note on Friday, August 21st. Finally, Loop Capital lifted their target price on shares of Lumentum from $900.00 to $1,400.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,053.83.

Lumentum Price Performance

Lumentum stock opened at $914.76 on Tuesday. The company has a market cap of $82.05 billion, a P/E ratio of -11.13 and a beta of 1.50. Lumentum Holdings Inc. has a one year low of $125.00 and a one year high of $1,085.68. The business has a fifty day moving average of $812.24 and a two-hundred day moving average of $809.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business’s revenue was up 109.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, analysts predict that Lumentum Holdings Inc. will post 19.76 earnings per share for the current fiscal year.

Lumentum 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.