Fisher Asset Management LLC Has $197.46 Million Position in Lumentum Holdings Inc. $LITE

Fisher Asset Management LLC trimmed its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 34.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 535,723 shares of the technology company’s stock after selling 282,086 shares during the quarter. Fisher Asset Management LLC’s holdings in Lumentum were worth $197,462,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Clearstead Advisors LLC lifted its position in shares of Lumentum by 166.7% during the 4th quarter. Clearstead Advisors LLC now owns 264 shares of the technology company’s stock valued at $97,000 after acquiring an additional 165 shares during the period. Optimize Financial Inc lifted its position in shares of Lumentum by 1.4% during the 4th quarter. Optimize Financial Inc now owns 9,394 shares of the technology company’s stock valued at $3,463,000 after acquiring an additional 132 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Lumentum by 157.6% during the 4th quarter. Hantz Financial Services Inc. now owns 3,354 shares of the technology company’s stock valued at $1,236,000 after acquiring an additional 2,052 shares during the period. Systematic Financial Management LP bought a new stake in shares of Lumentum during the 4th quarter valued at $369,000. Finally, Coldstream Capital Management Inc. lifted its position in shares of Lumentum by 4.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,897 shares of the technology company’s stock valued at $1,068,000 after acquiring an additional 135 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Insider Activity at Lumentum

In other news, CFO Wajid Ali sold 5,302 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the transaction, the chief financial officer owned 66,287 shares of the company’s stock, valued at approximately $45,812,934.31. The trade was a 7.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Lillie sold 11,951 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $981.64, for a total value of $11,731,579.64. Following the transaction, the director directly owned 13,959 shares of the company’s stock, valued at $13,702,712.76. This trade represents a 46.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 41,146 shares of company stock worth $37,667,478 in the last three months. Insiders own 0.43% of the company’s stock.

Lumentum Price Performance

Lumentum stock opened at $946.90 on Tuesday. 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 52 week low of $71.04 and a 52 week high of $1,085.68. The stock has a market capitalization of $73.67 billion, a P/E ratio of 175.35 and a beta of 1.53. The stock has a fifty day moving average of $843.78 and a 200-day moving average of $567.91.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping 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 company had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. During the same quarter in the previous year, the firm earned $0.57 EPS. Lumentum’s revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, sell-side analysts expect that Lumentum Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LITE shares. Barclays upped their target price on Lumentum from $750.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. 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. Stifel Nicolaus upped their target price on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Lumentum in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and an average price target of $1,012.43.

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.