Lumentum Holdings Inc. $LITE Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 6,239.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,163 shares of the technology company’s stock after buying an additional 191,100 shares during the quarter. Hsbc Holdings PLC’s holdings in Lumentum were worth $71,724,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Truvestments Capital LLC raised its stake in shares of Lumentum by 300.0% in the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after acquiring an additional 57 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Lumentum during the 4th quarter worth approximately $28,000. Triumph Capital Management acquired a new stake in Lumentum in the 4th quarter valued at approximately $30,000. Harbour Investments Inc. increased its holdings in Lumentum by 675.0% in the 4th quarter. Harbour Investments Inc. now owns 93 shares of the technology company’s stock valued at $34,000 after purchasing an additional 81 shares during the last quarter. Finally, Chesapeake Asset Management LLC purchased a new stake in Lumentum in the fourth quarter valued at approximately $37,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LITE has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $1,040.00 price target on shares of Lumentum in a research note on Tuesday, June 9th. Craig Hallum boosted their price objective on Lumentum from $900.00 to $1,150.00 in a report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Lumentum in a research note on Tuesday, April 21st. Jefferies Financial Group restated a “buy” rating and set a $1,200.00 target price on shares of Lumentum in a report on Wednesday, May 6th. Finally, Loop Capital lifted their target price on Lumentum from $900.00 to $1,400.00 and gave the company a “buy” rating in a research 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,021.95.

Insider Activity

In other Lumentum news, Director Brian Lillie sold 11,951 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $981.64, for a total transaction of $11,731,579.64. Following the sale, the director owned 13,959 shares in the company, valued at $13,702,712.76. This represents a 46.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vincent Retort sold 3,183 shares of the company’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 $3,036,422.85. Following the sale, the insider owned 89,563 shares in the company, valued at approximately $85,438,623.85. This trade represents a 3.43% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 41,260 shares of company stock worth $38,859,220 over the last three months. Company insiders own 0.43% of the company’s stock.

Lumentum Stock Performance

Shares of LITE stock opened at $893.93 on Tuesday. The firm has a 50 day moving average of $902.94 and a two-hundred day moving average of $656.28. The stock has a market capitalization of $69.55 billion, a PE ratio of 165.54 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 Holdings Inc. has a 52 week low of $86.63 and a 52 week high of $1,085.68.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The business had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The company’s revenue was up 90.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, research analysts predict that Lumentum Holdings Inc. will post 6.4 EPS for the current fiscal year.

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.