OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes Position in Lumentum Holdings Inc. $LITE

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Lumentum Holdings Inc. (NASDAQ:LITE) during the fourth quarter, Holdings Channel reports. The fund bought 3,083 shares of the technology company’s stock, valued at approximately $1,136,000.

Other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC lifted its position in Lumentum by 16.0% during the 4th quarter. Parallel Advisors LLC now owns 326 shares of the technology company’s stock valued at $120,000 after acquiring an additional 45 shares during the period. Allworth Financial LP boosted its stake in Lumentum by 6.4% during the third quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock worth $128,000 after acquiring an additional 47 shares in the last quarter. UMB Bank n.a. grew its holdings in Lumentum by 5.2% in the fourth quarter. UMB Bank n.a. now owns 968 shares of the technology company’s stock worth $357,000 after purchasing an additional 48 shares during the period. Truvestments Capital LLC grew its holdings in Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after purchasing an additional 57 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Lumentum by 0.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company’s stock valued at $5,208,000 after purchasing an additional 60 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Insider Transactions at Lumentum

In related news, insider Yuen Wupen sold 3,210 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $3,062,179.50. Following the sale, the insider directly owned 81,488 shares of the company’s stock, valued at $77,735,477.60. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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, Director Brian Lillie sold 11,951 shares of Lumentum stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $981.64, for a total value of $11,731,579.64. Following the completion of the sale, the director owned 13,959 shares of the company’s stock, valued at $13,702,712.76. The trade was a 46.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 41,260 shares of company stock valued at $38,859,220. Insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

LITE has been the subject of several recent research reports. UBS Group lifted their target price on shares of Lumentum from $455.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. B. Riley Financial restated a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $1,040.00 price objective on shares of Lumentum in a research report on Tuesday, June 9th. BNP Paribas Exane lifted their price objective on Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Finally, Rosenblatt Securities boosted their target price on Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. One equities 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.95.

Lumentum Price Performance

Shares of LITE opened at $850.00 on Friday. The company has a market capitalization of $66.13 billion, a P/E ratio of 157.41 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. The firm has a 50 day moving average of $902.94 and a 200 day moving average of $649.78. Lumentum Holdings Inc. has a twelve month low of $86.63 and a twelve month high of $1,085.68.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share (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 analysts’ expectations of $810.21 million. During the same period in the prior year, the firm posted $0.57 EPS. The firm’s quarterly 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, equities research analysts anticipate that Lumentum Holdings Inc. will post 6.4 earnings per share for the current fiscal year.

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.