Alliancebernstein L.P. Has $107.91 Million Holdings in Lumentum Holdings Inc. $LITE

Key Points

• Alliancebernstein L.P. has increased its stake in Lumentum Holdings Inc. by 1.1%, owning 1,731,041 shares valued at approximately $107.91 million.
• Lumentum reported $0.88 earnings per share for the last quarter, surpassing estimates and showing a significant 55.9% year-over-year revenue increase.
• Insider transactions revealed that CFO Wajid Ali sold a total of 2,526 shares, indicating a 3.17% decrease in his ownership of the company’s stock.

Alliancebernstein L.P. lifted its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,731,041 shares of the technology company's stock after purchasing an additional 19,085 shares during the period. Alliancebernstein L.P. owned 2.49% of Lumentum worth $107,913,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of LITE. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Lumentum during the first quarter worth $25,000. Rakuten Securities Inc. lifted its holdings in shares of Lumentum by 164.4% during the first quarter. Rakuten Securities Inc. now owns 476 shares of the technology company's stock worth $30,000 after purchasing an additional 296 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Lumentum by 103.2% during the first quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company's stock worth $32,000 after purchasing an additional 260 shares during the period. CoreCap Advisors LLC lifted its holdings in shares of Lumentum by 2,235.3% during the fourth quarter. CoreCap Advisors LLC now owns 397 shares of the technology company's stock worth $33,000 after purchasing an additional 380 shares during the period. Finally, SVB Wealth LLC bought a new position in Lumentum during the first quarter worth $40,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Lumentum Trading Up 5.3%

LITE opened at $149.46 on Friday. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $152.27. The company has a current ratio of 4.37, a quick ratio of 3.18 and a debt-to-equity ratio of 2.26. The company has a market cap of $10.45 billion, a P/E ratio of 649.83 and a beta of 1.42. The company has a fifty day moving average price of $110.74 and a two-hundred day moving average price of $83.56.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The firm had revenue of $480.70 million during the quarter, compared to the consensus estimate of $465.27 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The business's revenue was up 55.9% compared to the same quarter last year. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LITE has been the subject of a number of analyst reports. KGI Securities initiated coverage on shares of Lumentum in a research note on Monday, August 18th. They set an "outperform" rating for the company. UBS Group lifted their target price on shares of Lumentum from $78.00 to $130.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Barclays lifted their target price on shares of Lumentum from $75.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. Wall Street Zen downgraded shares of Lumentum from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Finally, Stifel Nicolaus lifted their target price on shares of Lumentum from $100.00 to $132.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.86.

Insider Transactions at Lumentum

In other news, CFO Wajid Ali sold 2,526 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $124.39, for a total transaction of $314,209.14. Following the completion of the sale, the chief financial officer directly owned 77,087 shares of the company's stock, valued at $9,588,851.93. The trade was a 3.17% 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, insider Yuen Wupen sold 3,281 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $124.86, for a total transaction of $409,665.66. Following the sale, the insider directly owned 101,273 shares of the company's stock, valued at approximately $12,644,946.78. The trade was a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,687 shares of company stock valued at $8,398,352. 0.19% of the stock is owned by insiders.

About Lumentum

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.

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