Lumentum Holdings Inc. $LITE Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 355.3% in the 4th quarter, Holdings Channel reports. The fund owned 7,740 shares of the technology company’s stock after acquiring an additional 6,040 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Lumentum were worth $2,853,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in LITE. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lumentum by 8,579.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after acquiring an additional 1,545,199 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Lumentum by 707.0% in the 4th 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 during the period. Holocene Advisors LP acquired a new stake in shares of Lumentum in the 3rd quarter worth $136,401,000. WT Asset Management Ltd lifted its stake in shares of Lumentum by 170.0% in the 3rd 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 during the period. Finally, Federated Hermes Inc. lifted its stake in shares of Lumentum by 7,168.8% in the 3rd 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 during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Stock Down 2.8%

Shares of NASDAQ LITE opened at $1,001.81 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 52 week low of $71.04 and a 52 week high of $1,085.68. The firm has a 50-day moving average price of $804.16 and a 200 day moving average price of $532.16. The stock has a market capitalization of $77.94 billion, a price-to-earnings ratio of 185.52 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating 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 firm had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. During the same quarter last year, the business earned $0.57 earnings per share. The business’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. Equities research analysts anticipate that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum was added to the Nasdaq-100, which can trigger buying from index funds and boost visibility with large institutional investors. Lumentum Joins the Nasdaq-100 Index®, Achieving New Milestone in Global Growth
• Positive Sentiment: Lumentum was upgraded to Zacks Rank #1 (Strong Buy), reflecting improving earnings expectations and reinforcing momentum-buying interest. What Makes Lumentum (LITE) a New Strong Buy Stock
• Positive Sentiment: Commentary highlighted that Lumentum’s Components business is accelerating, with AI optics demand surging and key products sold out, suggesting stronger revenue potential ahead. Lumentum’s Components Business Accelerates: More Upside Ahead?
• Positive Sentiment: Northland Securities raised earnings estimates for Lumentum, adding to the view that the company’s profit outlook is improving. Lumentum stock report
• Neutral Sentiment: Recent coverage also notes that Lumentum’s strong rally has pushed the stock to fresh highs, which can attract momentum buyers but also raise valuation questions.
• Neutral Sentiment: Insider selling was reported this week, but the transactions were made under pre-arranged trading plans, so they appear less likely to signal a major change in fundamentals.

Insider Transactions at Lumentum

In other Lumentum news, SVP Jae Kim sold 1,933 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $950.99, for a total transaction of $1,838,263.67. Following the completion of the transaction, the senior vice president directly owned 35,114 shares in the company, valued at approximately $33,393,062.86. This trade represents a 5.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brian Lillie sold 11,951 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $981.64, for a total transaction of $11,731,579.64. Following the transaction, the director owned 13,959 shares of the company’s stock, valued at $13,702,712.76. This trade represents a 46.13% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 29,333 shares of company stock valued at $24,049,017. 0.43% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LITE shares. Stifel Nicolaus raised their target price on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Mizuho set a $1,100.00 target price on shares of Lumentum in a research note on Wednesday, May 6th. Citigroup raised their target price on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Raymond James Financial reiterated an “outperform” rating and issued a $1,014.00 price objective on shares of Lumentum in a research note on Wednesday, May 6th. Finally, Citic Securities raised their price objective on shares of Lumentum from $620.00 to $1,186.00 in a research note on Monday. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,012.43.

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.