Semanteon Capital Management LP Purchases New Stake in Lumentum Holdings Inc. $LITE

Semanteon Capital Management LP acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,504 shares of the technology company’s stock, valued at approximately $570,000. Lumentum comprises about 0.7% of Semanteon Capital Management LP’s portfolio, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Highbridge Capital Management LLC acquired a new stake in shares of Lumentum in the 3rd quarter valued at about $3,075,000. Rossby Financial LCC acquired a new position in Lumentum in the third quarter worth $77,000. China Universal Asset Management Co. Ltd. bought a new stake in Lumentum during the third quarter valued at $1,383,000. WT Asset Management Ltd raised its holdings in shares of Lumentum by 170.0% during the third quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock worth $115,558,000 after purchasing an additional 447,208 shares during the period. Finally, SG Capital Management LLC lifted its position in shares of Lumentum by 340.4% in the 3rd quarter. SG Capital Management LLC now owns 214,121 shares of the technology company’s stock worth $34,840,000 after buying an additional 165,503 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Lumentum Stock Up 5.1%

Shares of LITE stock opened at $667.77 on Friday. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $678.00. 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 business’s fifty day moving average is $419.10 and its 200-day moving average is $272.40. The stock has a market cap of $47.68 billion, a PE ratio of 204.84 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.26. The business had revenue of $665.50 million during the quarter, compared to analysts’ expectations of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The company’s quarterly revenue was up 65.5% on a year-over-year basis. During the same quarter last year, the business posted $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Equities analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lumentum news, Director Penny Herscher sold 4,849 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $535.48, for a total value of $2,596,542.52. Following the transaction, the director owned 6,057 shares of the company’s stock, valued at approximately $3,243,402.36. This represents a 44.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vincent Retort sold 45,026 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total value of $26,624,774.32. Following the sale, the insider directly owned 102,455 shares of the company’s stock, valued at approximately $60,583,690.60. This represents a 30.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 60,473 shares of company stock worth $35,186,972. 0.43% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LITE has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lumentum in a research report on Monday, December 29th. Wolfe Research reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Lumentum in a research report on Wednesday, November 5th. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and upped their target price for the stock from $147.00 to $526.00 in a research report on Wednesday, February 4th. Finally, UBS Group raised their target price on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $447.38.

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.