Lumentum Holdings Inc. $LITE Stock Holdings Trimmed by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,699 shares of the technology company’s stock after selling 1,335 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Lumentum were worth $9,104,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in 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 in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in 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 in the last quarter. Alliancebernstein L.P. raised its stake in 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 in the last quarter. Assenagon Asset Management S.A. raised its stake in 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 in the last quarter. Finally, Holocene Advisors LP bought a new stake in Lumentum during the 3rd quarter valued at $136,401,000. Institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on LITE. Needham & Company LLC boosted their price objective on Lumentum from $880.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Citigroup boosted their price objective on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Northland Securities set a $1,000.00 price objective on Lumentum in a research note on Monday, April 20th. UBS Group boosted their price objective on Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Finally, Zacks Research downgraded Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $757.25.

Lumentum Stock Up 5.3%

LITE opened at $949.93 on Friday. Lumentum Holdings Inc. has a one year low of $60.38 and a one year high of $985.13. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The stock’s fifty day moving average is $760.12 and its 200-day moving average is $484.10. The company has a market capitalization of $67.83 billion, a PE ratio of 291.39 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. The company had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.Lumentum’s revenue for the quarter was up 65.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, equities analysts predict that Lumentum Holdings Inc. will post 5.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Yuen Wupen sold 3,157 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the sale, the insider directly owned 88,439 shares of the company’s stock, valued at $47,580,182. The trade was a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Penny Herscher sold 4,000 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $597.29, for a total value of $2,389,160.00. Following the sale, the director directly owned 2,057 shares in the company, valued at $1,228,625.53. This trade represents a 66.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,775 shares of company stock valued at $38,851,343 over the last ninety days. 0.43% of the stock is currently owned by company insiders.

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.