Rockefeller Capital Management L.P. Increases Position in Lumentum Holdings Inc. $LITE

Rockefeller Capital Management L.P. raised its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 123.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,623 shares of the technology company’s stock after purchasing an additional 2,553 shares during the period. Rockefeller Capital Management L.P.’s holdings in Lumentum were worth $1,704,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Hsbc Holdings PLC grew its stake in shares of Lumentum by 6,239.0% in the 4th quarter. Hsbc Holdings PLC now owns 194,163 shares of the technology company’s stock worth $71,724,000 after buying an additional 191,100 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Lumentum during the fourth quarter valued at $1,136,000. Caitong International Asset Management Co. Ltd boosted its holdings in Lumentum by 46,666.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 8,418 shares of the technology company’s stock worth $3,103,000 after acquiring an additional 8,400 shares in the last quarter. Reflection Asset Management bought a new stake in Lumentum in the fourth quarter worth $59,000. Finally, MidFirst Bank purchased a new stake in shares of Lumentum in the fourth quarter worth $84,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LITE has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. B. Riley Financial reissued a “buy” rating on shares of Lumentum in a research report on Friday, May 1st. Susquehanna raised their price objective on shares of Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a research note on Monday, April 20th. Finally, Rosenblatt Securities lifted their target price on shares of Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,021.95.

Lumentum Stock Up 0.8%

LITE stock opened at $858.06 on Wednesday. The stock has a market capitalization of $66.76 billion, a P/E ratio of 158.90 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. Lumentum Holdings Inc. has a 1-year low of $88.37 and a 1-year high of $1,085.68. The business has a fifty day moving average price of $899.51 and a 200-day moving average price of $677.61.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $810.21 million. During the same period last year, the firm posted $0.57 earnings per share. Lumentum’s revenue 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 analysts forecast that Lumentum Holdings Inc. will post 6.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Lumentum

In other news, insider Yuen Wupen sold 3,210 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 81,488 shares of the company’s stock, valued at $77,735,477.60. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Ian Small sold 4,954 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the transaction, the director owned 21,008 shares in the company, valued at approximately $18,236,414.56. This trade represents a 19.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 41,260 shares of company stock worth $38,859,220. 0.43% of the stock is owned by company insiders.

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.