Regal Partners Ltd Invests $1.42 Million in Lumentum Holdings Inc. $LITE

Regal Partners Ltd bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,013 shares of the technology company’s stock, valued at approximately $1,415,000.

Other large investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its stake in Lumentum by 18.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock worth $683,661,000 after purchasing an additional 291,591 shares in the last quarter. Geode Capital Management LLC raised its stake in Lumentum by 9.6% during the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock valued at $521,563,000 after buying an additional 123,265 shares in the last quarter. Situational Awareness LP raised its stake in Lumentum by 210.9% during the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after buying an additional 880,800 shares in the last quarter. Norges Bank acquired a new stake in Lumentum during the fourth quarter valued at approximately $474,495,000. Finally, Value Aligned Research Advisors LLC bought a new position in Lumentum during the 4th quarter worth approximately $432,062,000. Institutional investors own 94.05% of the company’s stock.

Insider Transactions at Lumentum

In other news, insider Vincent Retort sold 3,183 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $3,036,422.85. Following the completion of the transaction, the insider owned 89,563 shares in the company, valued at approximately $85,438,623.85. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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, Director Isaac Hosojiro Harris sold 1,416 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the completion of the sale, the director directly owned 6,984 shares in the company, valued at approximately $6,984,558.72. This trade represents a 16.86% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 41,260 shares of company stock valued at $38,859,220 over the last three months. 0.43% of the stock is currently owned by company insiders.

Lumentum Stock Down 8.4%

Shares of Lumentum stock opened at $651.93 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $836.46 and its 200-day simple moving average is $732.51. The stock has a market capitalization of $50.72 billion, a price-to-earnings ratio of 120.73 and a beta of 1.48. Lumentum Holdings Inc. has a twelve month low of $101.61 and a twelve month high of $1,085.68.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $810.21 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The business’s revenue for the quarter was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities research analysts forecast that Lumentum Holdings Inc. will post 6.42 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on LITE. TD Cowen decreased their target price on Lumentum from $995.00 to $800.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Morgan Stanley upped their price target on 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 raised their price objective on Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. Barclays lifted their price objective on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Rosenblatt Securities boosted their target price on shares of Lumentum from $900.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,012.67.

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.