William Blair Investment Management LLC Trims Stock Holdings in Lumentum Holdings Inc. $LITE

William Blair Investment Management LLC decreased its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 23.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 274,124 shares of the technology company’s stock after selling 85,574 shares during the quarter. William Blair Investment Management LLC’s holdings in Lumentum were worth $44,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in shares of Lumentum by 363.9% in the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after purchasing an additional 131 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in Lumentum in the 3rd quarter worth about $49,000. Cullen Frost Bankers Inc. purchased a new position in Lumentum during the 3rd quarter valued at about $49,000. Huntington National Bank increased its position in shares of Lumentum by 4,125.0% during the third quarter. Huntington National Bank now owns 338 shares of the technology company’s stock valued at $55,000 after buying an additional 330 shares during the period. Finally, Rossby Financial LCC bought a new stake in Lumentum during the 3rd quarter worth approximately $77,000. 94.05% of the stock is owned by institutional investors.

Lumentum Stock Performance

Lumentum stock opened at $700.91 on Monday. The firm has a fifty day simple moving average of $454.79 and a two-hundred day simple moving average of $293.84. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $765.00. The company has a market capitalization of $50.04 billion, a PE ratio of 215.00 and a beta of 1.38.

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

Insider Activity

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

Analyst Ratings Changes

A number of research firms have recently commented on LITE. UBS Group boosted their price target 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 boosted their target price on Lumentum to $480.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Barclays raised their price target on Lumentum to $475.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Bank of America boosted their price objective on Lumentum to $520.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Two equities 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 stock. According to data from MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and a consensus target price of $458.00.

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.