Lumentum Holdings Inc. $LITE Shares Sold by Ion Asset Management Ltd.

Ion Asset Management Ltd. cut its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 12.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,000 shares of the technology company’s stock after selling 1,186 shares during the quarter. Ion Asset Management Ltd.’s holdings in Lumentum were worth $1,302,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after acquiring an additional 1,545,199 shares during the period. Hood River Capital Management LLC boosted its stake in shares of Lumentum by 82.1% in 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 buying an additional 994,551 shares in the last quarter. Norges Bank acquired a new position in Lumentum during the second quarter worth $82,983,000. Holocene Advisors LP acquired a new position in Lumentum during the third quarter worth $136,401,000. Finally, WT Asset Management Ltd boosted its position in shares of Lumentum by 170.0% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

LITE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Lumentum to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Morgan Stanley increased their price objective on shares of Lumentum to $520.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Barclays increased their price target on shares of Lumentum to $750.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Stifel Nicolaus lifted their price objective on Lumentum to $800.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Mizuho upped their target price on Lumentum to $645.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $550.38.

Insider Activity at Lumentum

In related news, insider Yuen Wupen sold 3,157 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the completion of the transaction, the insider owned 88,439 shares of the company’s stock, valued at approximately $47,580,182. This represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 65,775 shares of company stock worth $38,851,343. 0.43% of the stock is owned by insiders.

Lumentum Trading Up 1.0%

Shares of Lumentum stock opened at $622.50 on Monday. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $783.80. The business’s fifty day moving average is $510.02 and its two-hundred day moving average is $331.85. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The firm has a market cap of $44.45 billion, a PE ratio of 190.95 and a beta of 1.38.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating 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 firm had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. During the same period in the prior year, the firm posted $0.42 earnings per share. The business’s quarterly revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Analysts anticipate that Lumentum Holdings Inc. will post 0.03 earnings per share for the current 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.