Csenge Advisory Group Acquires New Holdings in Lumentum Holdings Inc. $LITE

Csenge Advisory Group acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,353 shares of the technology company’s stock, valued at approximately $499,000.

Several other hedge funds also recently bought and sold shares of LITE. Advisors Asset Management Inc. lifted its position in Lumentum by 36.8% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after purchasing an additional 254 shares during the last quarter. NewEdge Advisors LLC lifted its position in Lumentum by 109.9% during the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock valued at $747,000 after purchasing an additional 6,275 shares during the last quarter. Empowered Funds LLC lifted its position in Lumentum by 9.1% during the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after purchasing an additional 680 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Lumentum during the second quarter valued at approximately $298,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Lumentum during the second quarter valued at approximately $1,712,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum was added to the Nasdaq-100, which can trigger buying from index funds and ETFs while increasing visibility with institutional investors.
• Positive Sentiment: Broker-rating upgrades and bullish commentary have reinforced the view that AI infrastructure demand remains a major long-term tailwind for LITE.
• Positive Sentiment: Zacks and other momentum-focused coverage placed Lumentum on strong-buy and top momentum lists, signaling continued Wall Street enthusiasm.
• Positive Sentiment: REX Shares launched a leveraged 2x long LITE ETF, which can add trading interest and speculative demand for the shares.
• Neutral Sentiment: Several insider sales were disclosed, but they were pre-planned 10b5-1 transactions tied to equity vesting and tax withholding, making them less concerning from a fundamental standpoint.
• Neutral Sentiment: Recent articles also noted Lumentum’s strong earnings growth and raised guidance, which support the bull case but were already well known from the company’s latest quarterly report.
• Negative Sentiment: Some investors may still be taking profits after Lumentum’s sharp run-up, and that has weighed on sentiment in parts of the AI optics sector.

Insider Transactions at Lumentum

In related news, SVP Jae Kim sold 1,422 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction 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 $30,844,065.35. This represents a 4.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 Yuen Wupen sold 3,210 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $3,062,179.50. Following the sale, the insider owned 81,488 shares of the company’s stock, valued at $77,735,477.60. This represents a 3.79% 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. In the last quarter, insiders sold 36,192 shares of company stock worth $33,367,059. Corporate insiders own 0.43% of the company’s stock.

Lumentum Trading Up 11.1%

Shares of LITE opened at $964.50 on Friday. The firm has a market cap of $75.04 billion, a price-to-earnings ratio of 178.61 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. Lumentum Holdings Inc. has a fifty-two week low of $71.04 and a fifty-two week high of $1,085.68. The firm has a 50 day moving average price of $831.67 and a 200-day moving average price of $557.30.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The firm had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The business’s quarterly revenue was up 90.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. 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 6.49 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on LITE shares. Northland Securities set a $1,000.00 target price on shares of Lumentum in a research report on Monday, April 20th. Morgan Stanley lifted their target price on shares of Lumentum from $710.00 to $900.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Citic Securities lifted their target price on shares of Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. Jefferies Financial Group reiterated a “buy” rating and set a $1,200.00 target price on shares of Lumentum in a research report on Wednesday, May 6th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $1,014.00 target price on shares of Lumentum in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,012.43.

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.