Analog Century Management LP Sells 351,761 Shares of Lumentum Holdings Inc. $LITE

Key Points

• Analog Century Management LP reduced its Lumentum position by 51.3% in the fourth quarter, selling 351,761 shares and leaving it with 333,949 shares worth about $123.1 million. Lumentum remains the fund’s second-largest holding.
• Insider selling has been notable, with directors Ian Small and Isaac Hosojiro Harris both selling shares in recent transactions. Over the last three months, insiders sold 41,260 shares valued at $38.9 million.
• Lumentum reported strong quarterly results, beating EPS estimates and posting 90.1% year-over-year revenue growth. Analysts remain mostly positive, with a consensus rating of “Moderate Buy” and an average price target of $1,021.95.

Analog Century Management LP cut its position in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 51.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 333,949 shares of the technology company's stock after selling 351,761 shares during the period. Lumentum accounts for 6.1% of Analog Century Management LP's holdings, making the stock its 2nd largest position. Analog Century Management LP owned about 0.47% of Lumentum worth $123,090,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its stake in Lumentum by 45.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company's stock worth $136,306,000 after buying an additional 114,714 shares during the last quarter. Andar Capital Management HK Ltd acquired a new position in Lumentum during the fourth quarter worth $4,325,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Lumentum during the fourth quarter worth $6,755,000. Headwater Capital Co Ltd acquired a new position in Lumentum during the third quarter worth $20,339,000. Finally, Maxi Investments CY Ltd acquired a new position in Lumentum during the fourth quarter worth $2,212,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ian Small sold 4,954 shares of the stock in a transaction dated Thursday, May 21st. The stock was 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 of the company's stock, valued at approximately $18,236,414.56. This represents a 19.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Isaac Hosojiro Harris sold 1,416 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the transaction, the director directly owned 6,984 shares in the company, valued at approximately $6,984,558.72. The trade was a 16.86% 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. Over the last three months, insiders have sold 41,260 shares of company stock valued at $38,859,220. 0.43% of the stock is currently owned by company insiders.

Lumentum Price Performance

NASDAQ:LITE opened at $921.56 on Friday. Lumentum Holdings Inc. has a 52 week low of $81.93 and a 52 week high of $1,085.68. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $71.70 billion, a P/E ratio of 170.66 and a beta of 1.47. The stock's fifty day moving average is $897.64 and its two-hundred day moving average is $629.72.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $810.21 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company's revenue for the quarter was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities analysts expect that Lumentum Holdings Inc. will post 6.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LITE. Citic Securities boosted their price objective on Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. B. Riley Financial reissued a "buy" rating on shares of Lumentum in a research note on Friday, May 1st. Morgan Stanley boosted their price objective on Lumentum from $710.00 to $900.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 6th. Barclays boosted their price objective on Lumentum from $750.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Lumentum in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Lumentum presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,021.95.

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.

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