Intech Investment Management LLC Has $12.85 Million Stock Holdings in Lumentum Holdings Inc. $LITE

Intech Investment Management LLC trimmed its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 20.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,850 shares of the technology company’s stock after selling 9,112 shares during the quarter. Intech Investment Management LLC’s holdings in Lumentum were worth $12,845,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Lumentum by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock valued at $1,217,930,000 after acquiring an additional 41,975 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Lumentum by 8,579.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after acquiring an additional 1,545,199 shares during the period. Geode Capital Management LLC lifted its position in shares of Lumentum by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock valued at $521,563,000 after acquiring an additional 123,265 shares during the period. Alliancebernstein L.P. lifted its position in shares of Lumentum by 4.4% during the 3rd quarter. Alliancebernstein L.P. now owns 1,085,119 shares of the technology company’s stock valued at $176,560,000 after acquiring an additional 45,953 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Lumentum by 707.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock valued at $366,555,000 after acquiring an additional 871,249 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Citigroup upped their target price on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Mizuho set a $1,100.00 target price on Lumentum in a research report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Lumentum in a research report on Tuesday, April 21st. Finally, Citic Securities upped their price objective on Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Lumentum has an average rating of “Moderate Buy” and a consensus price target of $1,012.43.

Lumentum Price Performance

Lumentum stock opened at $854.96 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $66.52 billion, a PE ratio of 158.33 and a beta of 1.53. Lumentum Holdings Inc. has a 12 month low of $71.04 and a 12 month high of $1,085.68. The stock has a 50-day moving average price of $862.40 and a two-hundred day moving average price of $583.63.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.27 by $0.10. The firm had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The business’s quarterly revenue was up 90.1% on a year-over-year basis. During the same period last year, the company earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Analysts expect that Lumentum Holdings Inc. will post 6.49 EPS for the current year.

Insider Buying and Selling

In other news, insider Vincent Retort sold 3,183 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $3,036,422.85. Following the completion of the sale, the insider owned 89,563 shares of the company’s stock, valued at approximately $85,438,623.85. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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, insider Yuen Wupen sold 3,210 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $3,062,179.50. Following the completion of the sale, the insider directly owned 81,488 shares of the company’s stock, valued at approximately $77,735,477.60. The trade was a 3.79% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 35,844 shares of company stock valued at $34,003,107. Corporate insiders own 0.43% of the company’s stock.

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.