Telligent Fund LP Invests $1.69 Million in Lumentum Holdings Inc. $LITE

Telligent Fund LP acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,400 shares of the technology company’s stock, valued at approximately $1,687,000. Lumentum makes up approximately 1.8% of Telligent Fund LP’s portfolio, making the stock its 19th largest holding.

A number of other institutional investors have also recently bought and sold shares of LITE. Hilton Head Capital Partners LLC purchased a new position in Lumentum in the first quarter valued at about $25,000. Sachetta LLC raised its stake in shares of Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after purchasing an additional 19 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Lumentum during the 4th quarter worth about $28,000. Truvestments Capital LLC lifted its holdings in shares of Lumentum by 300.0% during the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after buying an additional 57 shares during the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of Lumentum during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

LITE has been the subject of several recent research reports. Barclays boosted their price target on Lumentum from $750.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $1,014.00 price objective on shares of Lumentum in a research report on Wednesday, May 6th. TD Cowen reduced their target price on shares of Lumentum from $995.00 to $800.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Jefferies Financial Group reissued a “buy” rating and issued a $1,200.00 target price on shares of Lumentum in a research report on Wednesday, May 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lumentum in a research note on Friday. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average price target of $1,012.67.

Insider Activity

In other news, SVP Jae Kim sold 1,422 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $1,356,516.90. Following the completion of the sale, the senior vice president directly owned 32,333 shares in the company, valued at approximately $30,844,065.35. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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, insider Vincent Retort sold 3,183 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $3,036,422.85. Following the completion of the sale, the insider owned 89,563 shares of the company’s stock, valued at $85,438,623.85. The trade was a 3.43% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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.

Lumentum Stock Performance

LITE opened at $837.56 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. The company has a market cap of $65.16 billion, a PE ratio of 155.10 and a beta of 1.48. The stock has a 50-day moving average of $856.21 and a 200-day moving average of $719.22. Lumentum Holdings Inc. has a 52-week low of $97.55 and a 52-week high of $1,085.68.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business earned $0.57 EPS. The firm’s revenue was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, equities research analysts forecast that Lumentum Holdings Inc. will post 6.42 earnings per share 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.