Concurrent Investment Advisors LLC Makes New $462,000 Investment in Lumentum Holdings Inc. $LITE

Key Points

• Concurrent Investment Advisors opened a new position in Lumentum in Q4, buying 1,254 shares valued at about $462,000, while institutional ownership stands near 94% with large stake increases from Vanguard, Arrowstreet and Assenagon.
• Insiders have been net sellers, disposing of 65,775 shares worth roughly $38.85 million in the past 90 days (including sales by Yuen Wupen and CFO Wajid Ali), leaving insiders with about 0.43% ownership.
• Analysts are broadly positive—MarketBeat shows a consensus "Moderate Buy" with a ~$757 price target—while shares trade near $950 after Lumentum beat quarterly EPS and revenue estimates (EPS $1.67 vs $1.41; revenue +65.5% YoY) and issued strong guidance.

Concurrent Investment Advisors LLC acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,254 shares of the technology company's stock, valued at approximately $462,000.

A number of other large investors also recently added to or reduced their stakes in LITE. Vanguard Group Inc. boosted its stake in shares of Lumentum by 0.6% in the third quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company's stock worth $1,217,930,000 after acquiring an additional 41,975 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Lumentum by 8,579.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company's stock valued at $254,350,000 after purchasing an additional 1,545,199 shares during the last quarter. Alliancebernstein L.P. raised its stake in Lumentum by 4.4% in the 3rd quarter. Alliancebernstein L.P. now owns 1,085,119 shares of the technology company's stock valued at $176,560,000 after purchasing an additional 45,953 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Lumentum by 707.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company's stock valued at $366,555,000 after purchasing an additional 871,249 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in Lumentum in the 3rd quarter valued at $136,401,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Yuen Wupen sold 3,157 shares of the firm's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the completion of the sale, the insider directly owned 88,439 shares in the company, valued at approximately $47,580,182. This trade represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Wajid Ali sold 5,302 shares of the firm's stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the sale, the chief financial officer owned 66,287 shares of the company's stock, valued at approximately $45,812,934.31. The trade was a 7.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,775 shares of company stock valued at $38,851,343 in the last ninety days. 0.43% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LITE. Morgan Stanley increased their target price on shares of Lumentum from $595.00 to $710.00 and gave the company an "equal weight" rating in a research report on Monday, April 20th. Rosenblatt Securities reiterated a "buy" rating and issued a $900.00 target price on shares of Lumentum in a research report on Wednesday, March 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of Lumentum in a research report on Tuesday, April 21st. Zacks Research cut shares of Lumentum from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Finally, Barclays increased their target price on shares of Lumentum to $750.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 3rd. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $757.25.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $949.93 on Monday. The firm has a 50-day simple moving average of $760.12 and a 200-day simple moving average of $486.41. The stock has a market capitalization of $67.83 billion, a price-to-earnings ratio of 291.39 and a beta of 1.53. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. Lumentum Holdings Inc. has a 52 week low of $60.38 and a 52 week high of $985.13.

Lumentum (NASDAQ:LITE - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business had revenue of $665.50 million during the quarter, compared to analysts' expectations of $646.74 million. During the same period in the prior year, the business earned $0.42 earnings per share. The company's quarterly revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, equities analysts predict that Lumentum Holdings Inc. will post 5.87 earnings per share for the current fiscal year.

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.

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