Fox Run Management L.L.C. Has $760,000 Stock Position in Lumentum Holdings Inc. $LITE

Fox Run Management L.L.C. reduced its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 20.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,671 shares of the technology company’s stock after selling 1,196 shares during the quarter. Fox Run Management L.L.C.’s holdings in Lumentum were worth $760,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Hood River Capital Management LLC increased its stake in shares of Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after purchasing an additional 994,551 shares during the period. Norges Bank bought a new stake in Lumentum in the 2nd quarter valued at $82,983,000. WT Asset Management Ltd grew its holdings in Lumentum by 170.0% in the 3rd quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock valued at $115,558,000 after buying an additional 447,208 shares in the last quarter. FengHe Fund Management Pte. Ltd. bought a new position in Lumentum during the 3rd quarter worth $71,771,000. Finally, Channing Capital Management LLC increased its position in Lumentum by 61.0% during the 2nd quarter. Channing Capital Management LLC now owns 948,334 shares of the technology company’s stock worth $90,149,000 after buying an additional 359,394 shares during the period. Institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LITE shares. Rosenblatt Securities boosted their target price on shares of Lumentum to $580.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Raymond James Financial downgraded shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective for the company. in a report on Friday, October 31st. Citigroup raised their target price on shares of Lumentum to $560.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Stifel Nicolaus lifted their price target on shares of Lumentum to $480.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, Bank of America increased their price target on Lumentum to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $458.00.

Insider Transactions at Lumentum

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

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $700.91 on Friday. The firm has a 50 day moving average of $454.79 and a 200-day moving average of $291.42. Lumentum Holdings Inc. has a 12 month low of $45.65 and a 12 month high of $765.00. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $50.04 billion, a PE ratio of 215.00 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. During the same period last year, the firm posted $0.42 earnings per share. The firm’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. On average, equities research analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal 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.