Landscape Capital Management L.L.C. Purchases 10,318 Shares of Lumentum Holdings Inc. $LITE

Landscape Capital Management L.L.C. increased its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 335.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,390 shares of the technology company’s stock after acquiring an additional 10,318 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Lumentum were worth $4,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its holdings in shares of Lumentum by 45.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock worth $136,306,000 after acquiring an additional 114,714 shares during the period. Andar Capital Management HK Ltd bought a new stake in shares of Lumentum in the fourth quarter worth $4,325,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Lumentum in the fourth quarter worth $6,755,000. Headwater Capital Co Ltd bought a new stake in shares of Lumentum in the third quarter worth $20,339,000. Finally, Maxi Investments CY Ltd bought a new stake in shares of Lumentum in the fourth quarter worth $2,212,000. Institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

Shares of Lumentum stock opened at $921.56 on Friday. The stock’s 50-day simple moving average is $897.64 and its 200-day simple moving average is $629.72. Lumentum Holdings Inc. has a 52 week low of $81.93 and a 52 week high of $1,085.68. The company has a market capitalization of $71.70 billion, a price-to-earnings ratio of 170.66 and a beta of 1.47. 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 (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 return on equity of 24.81% and a net margin of 17.61%.The business had revenue of $808.40 million for the quarter, compared to the consensus estimate of $810.21 million. During the same period in the previous year, the business earned $0.57 earnings per share. The business’s revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, analysts expect that Lumentum Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on LITE. BNP Paribas Exane boosted their price target on Lumentum from $1,040.00 to $1,300.00 in a report on Wednesday, May 6th. Jefferies Financial Group reissued a “buy” rating and set a $1,200.00 price target on shares of Lumentum in a report on Wednesday, May 6th. Craig Hallum boosted their price target on Lumentum from $900.00 to $1,150.00 in a report on Wednesday, May 6th. Needham & Company LLC reissued a “buy” rating and set a $1,040.00 price target on shares of Lumentum in a report on Tuesday, June 9th. Finally, Loop Capital boosted their price target on 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, fourteen have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.95.

Insiders Place Their Bets

In other news, insider Yuen Wupen sold 3,210 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $3,062,179.50. Following the transaction, the insider directly owned 81,488 shares in the company, valued at $77,735,477.60. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, Director Isaac Hosojiro Harris sold 4,000 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $860.00, for a total value of $3,440,000.00. Following the completion of the transaction, the director owned 8,400 shares in the company, valued at $7,224,000. The trade was a 32.26% 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 ninety days, insiders sold 41,260 shares of company stock valued at $38,859,220. Insiders own 0.43% of the company’s stock.

Lumentum Company 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.