Analog Century Management LP Acquires Shares of 968,039 Lumentum Holdings Inc. $LITE

Key Points

• Analog Century Management LP has acquired a new position in Lumentum Holdings Inc., purchasing 968,039 shares valued at approximately $60.3 million, making it the 9th largest position in their portfolio.
• Significant institutional investment activity includes Nuveen Asset Management LLC increasing its stake by 98.9% and Balyasny Asset Management L.P. by 419.1%, indicating growing interest in Lumentum's stock.
• Lumentum reported a quarterly earnings per share of $0.88, surpassing analysts' expectations, with revenue rising 55.9% year-over-year to $480.7 million.

Analog Century Management LP acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 968,039 shares of the technology company's stock, valued at approximately $60,348,000. Lumentum makes up 4.9% of Analog Century Management LP's investment portfolio, making the stock its 9th biggest holding. Analog Century Management LP owned approximately 1.39% of Lumentum as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CoreCap Advisors LLC grew 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 buying an additional 380 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Lumentum during the first quarter worth approximately $25,000. Rakuten Securities Inc. grew its stake in Lumentum by 164.4% in the 1st quarter. Rakuten Securities Inc. now owns 476 shares of the technology company's stock worth $30,000 after acquiring an additional 296 shares during the period. Golden State Wealth Management LLC raised its holdings in Lumentum by 103.2% in the 1st quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company's stock valued at $32,000 after acquiring an additional 260 shares during the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of Lumentum during the 1st quarter worth $40,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LITE shares. Wolfe Research initiated coverage on Lumentum in a research report on Tuesday, August 12th. They issued an "outperform" rating for the company. Rosenblatt Securities restated a "buy" rating and issued a $150.00 price target on shares of Lumentum in a report on Thursday, August 14th. Morgan Stanley upped their price objective on shares of Lumentum from $92.00 to $100.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 13th. Wall Street Zen cut shares of Lumentum from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, JPMorgan Chase & Co. increased their price target on shares of Lumentum from $123.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.86.

Lumentum Trading Down 2.0%

NASDAQ LITE traded down $2.74 during mid-day trading on Monday, hitting $132.81. The company's stock had a trading volume of 2,842,524 shares, compared to its average volume of 3,488,051. The firm has a market capitalization of $9.28 billion, a P/E ratio of 577.43 and a beta of 1.42. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.37 and a quick ratio of 3.18. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $137.10. The stock's fifty day simple moving average is $106.17 and its two-hundred day simple moving average is $81.54.

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

Insider Buying and Selling

In other news, insider Yuen Wupen sold 3,281 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $124.86, for a total value of $409,665.66. Following the completion of the sale, the insider owned 101,273 shares in the company, valued at approximately $12,644,946.78. This trade represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Julia Suzanne Johnson sold 1,250 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $119.06, for a total value of $148,825.00. Following the sale, the director owned 22,037 shares in the company, valued at approximately $2,623,725.22. The trade was a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,909 shares of company stock valued at $9,419,867. 0.19% of the stock is owned by insiders.

Lumentum Profile

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.