110,188 Shares in Lumentum Holdings Inc. $LITE Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 110,188 shares of the technology company’s stock, valued at approximately $17,930,000. Quadrature Capital Ltd owned 0.16% of Lumentum at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its stake in shares of Lumentum by 8,579.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after purchasing an additional 1,545,199 shares in the last quarter. Hood River Capital Management LLC increased its holdings in shares of Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after purchasing an additional 994,551 shares during the period. Norges Bank bought a new stake in shares of Lumentum during the second quarter valued at about $82,983,000. WT Asset Management Ltd raised its stake 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 valued at $115,558,000 after purchasing an additional 447,208 shares in the last quarter. Finally, FengHe Fund Management Pte. Ltd. acquired a new stake in Lumentum in the third quarter worth about $71,771,000. Institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $616.09 on Friday. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $783.80. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $43.99 billion, a price-to-earnings ratio of 188.98 and a beta of 1.38. The firm has a 50-day moving average of $505.29 and a two-hundred day moving average of $325.51.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data 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. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. During the same quarter last year, the firm posted $0.42 EPS. The business’s revenue for the quarter was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Lumentum

In other Lumentum news, CFO Wajid Ali sold 5,302 shares of Lumentum stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $691.13, for a total value of $3,664,371.26. Following the transaction, the chief financial officer owned 66,287 shares in the company, valued at approximately $45,812,934.31. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Vincent Retort sold 3,441 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total value of $1,878,028.98. Following the completion of the transaction, the insider directly owned 95,975 shares in the company, valued at $52,381,235.50. This represents a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 65,775 shares of company stock valued at $38,851,343. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LITE shares. UBS Group increased their target price on shares of Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Stifel Nicolaus upped their price target on shares of Lumentum to $800.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Morgan Stanley increased their price objective on shares of Lumentum to $520.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Barclays raised their price objective on shares of Lumentum to $750.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Finally, Northland Securities set a $350.00 target price on Lumentum in a report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $550.38.

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.