Andar Capital Management HK Ltd Acquires Shares of 11,733 Lumentum Holdings Inc. $LITE

Key Points

• Andar Capital Management HK Ltd disclosed a new fourth-quarter stake in Lumentum Holdings, buying 11,733 shares valued at about $4.3 million. The position represents 4.7% of Andar’s portfolio and is its 7th-largest holding.
• Lumentum has attracted broad institutional interest, with 94.05% of shares owned by institutional investors. Several funds added to or initiated positions in the company during recent quarters.
• The company recently posted strong results, beating earnings expectations with $2.37 EPS and reporting 90.1% year-over-year revenue growth. Analysts remain positive overall, with a consensus rating of Moderate Buy and an average price target of $1,012.43.

Andar Capital Management HK Ltd acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,733 shares of the technology company's stock, valued at approximately $4,325,000. Lumentum makes up 4.7% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 7th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in shares of Lumentum by 36.8% in the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company's stock worth $59,000 after acquiring an additional 254 shares during the period. NewEdge Advisors LLC grew its stake in shares of Lumentum by 109.9% in the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company's stock worth $747,000 after acquiring an additional 6,275 shares during the period. Empowered Funds LLC grew its stake in shares of Lumentum by 9.1% in the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company's stock worth $507,000 after acquiring an additional 680 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Lumentum in the second quarter worth approximately $298,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Lumentum in the second quarter worth approximately $1,712,000. 94.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barclays boosted their target price on shares of Lumentum from $750.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 6th. B. Riley Financial restated a "buy" rating on shares of Lumentum in a research report on Friday, May 1st. Needham & Company LLC boosted their target price on shares of Lumentum from $880.00 to $1,040.00 and gave the company a "buy" rating in a research report on Tuesday, April 21st. Craig Hallum boosted their target price on shares of Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Finally, Loop Capital boosted their target price on shares of Lumentum from $900.00 to $1,400.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,012.43.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $860.62 on Friday. 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 $71.04 and a 1-year high of $1,085.68. The company has a market capitalization of $66.96 billion, a P/E ratio of 159.37 and a beta of 1.53. The firm's 50 day simple moving average is $859.32 and its two-hundred day simple moving average is $581.72.

Lumentum (NASDAQ:LITE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The business 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 firm 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. Research analysts expect that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Insider Transactions at Lumentum

In related news, insider Yuen Wupen sold 3,210 shares of the company's stock in a transaction 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 sale, the insider owned 81,488 shares of the company's stock, valued at $77,735,477.60. This represents 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 through this link. 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 Brian Lillie sold 11,951 shares of the company's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $981.64, for a total transaction of $11,731,579.64. Following the sale, the director directly owned 13,959 shares in the company, valued at approximately $13,702,712.76. The trade was a 46.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 35,844 shares of company stock valued at $34,003,107. 0.43% of the stock is owned by corporate insiders.

Lumentum Company 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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