Systematic Financial Management LP Purchases Shares of 1,000 Lumentum Holdings Inc. $LITE

Systematic Financial Management LP purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,000 shares of the technology company’s stock, valued at approximately $369,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LITE. Arrowstreet Capital Limited Partnership increased its stake in Lumentum by 8,579.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after purchasing an additional 1,545,199 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Lumentum by 707.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock worth $366,555,000 after acquiring an additional 871,249 shares in the last quarter. Holocene Advisors LP bought a new stake in shares of Lumentum during the third quarter worth about $136,401,000. WT Asset Management Ltd increased its position in shares of Lumentum by 170.0% during the third quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock worth $115,558,000 after acquiring an additional 447,208 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Lumentum by 7,168.8% during the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock worth $58,958,000 after acquiring an additional 357,367 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Lumentum Price Performance

Lumentum stock opened at $946.90 on Tuesday. Lumentum Holdings Inc. has a fifty-two week low of $71.04 and a fifty-two week high of $1,085.68. The stock has a market cap of $73.67 billion, a PE ratio of 175.35 and a beta of 1.53. The firm’s 50-day simple moving average is $843.78 and its 200 day simple moving average is $567.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping 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 business had revenue of $808.40 million for the quarter, compared to analysts’ expectations of $810.21 million. During the same period in the previous year, the company earned $0.57 earnings per share. The firm’s revenue for the quarter was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Research analysts predict that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LITE shares. Loop Capital boosted their target price on shares of Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Jefferies Financial Group reissued a “buy” rating and set a $1,200.00 target price on shares of Lumentum in a research report on Wednesday, May 6th. Northland Securities set a $1,000.00 target price on shares of Lumentum in a research report on Monday, April 20th. Rosenblatt Securities boosted their target price on shares of Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, TD Cowen boosted their target price on shares of Lumentum from $875.00 to $995.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,012.43.

Insider Buying and Selling at Lumentum

In other Lumentum news, Director Brian Lillie sold 11,951 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $981.64, for a total value of $11,731,579.64. Following the transaction, the director directly owned 13,959 shares in the company, valued at $13,702,712.76. The trade was a 46.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vincent Retort sold 3,183 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $3,036,422.85. Following the completion of the transaction, the insider 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 SEC filing for this sale provides additional information. 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. Insiders sold 41,146 shares of company stock valued at $37,667,478 in the last quarter. 0.43% of the stock is owned by company insiders.

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.