Lumentum Holdings Inc. $LITE Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC trimmed its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 54.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,219 shares of the technology company’s stock after selling 46,546 shares during the period. Lumentum accounts for about 1.5% of Lisanti Capital Growth LLC’s holdings, making the stock its 16th biggest holding. Lisanti Capital Growth LLC owned approximately 0.05% of Lumentum worth $6,219,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Hood River Capital Management LLC grew 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 purchased a new position in Lumentum in the 2nd quarter worth approximately $82,983,000. FengHe Fund Management Pte. Ltd. acquired a new stake in Lumentum in the third quarter valued at approximately $71,771,000. Broad Peak Investment Advisers Pte Ltd purchased a new stake in shares of Lumentum during the second quarter valued at approximately $41,235,000. Finally, William Blair Investment Management LLC purchased a new stake in shares of Lumentum during the second quarter valued at approximately $34,193,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum Stock Performance

LITE stock opened at $391.84 on Friday. The stock’s 50 day simple moving average is $350.73 and its 200 day simple moving average is $224.53. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $448.00. The firm has a market cap of $27.78 billion, a P/E ratio of 262.98 and a beta of 1.51. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.07. The firm had revenue of $533.80 million during the quarter, compared to analyst estimates of $525.10 million. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The firm’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. As a group, equities research analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Raymond James Financial downgraded Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 target price for the company. in a research note on Friday, October 31st. Mizuho set a $455.00 price target on Lumentum in a report on Friday, January 9th. Needham & Company LLC lifted their price objective on Lumentum to $290.00 and gave the stock a “buy” rating in a report on Monday, November 24th. Finally, Susquehanna upped their target price on Lumentum from $230.00 to $420.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lumentum currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.06.

Insider Activity

In related news, Director Pamela Fletcher sold 3,421 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total value of $935,746.13. Following the sale, the director owned 10,561 shares of the company’s stock, valued at approximately $2,888,750.33. This trade represents a 24.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $243.32, for a total value of $1,751,904.00. Following the completion of the sale, the director directly owned 9,764 shares in the company, valued at $2,375,776.48. This represents a 42.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 28,612 shares of company stock valued at $7,317,398 over the last quarter. Corporate insiders own 0.43% of the company’s stock.

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.