FengHe Fund Management Pte. Ltd. Has $70.84 Million Position in Lumentum Holdings Inc. $LITE

Key Points

• FengHe Fund Management cut its stake in Lumentum by 56.4%, leaving it with 192,200 shares valued at about $70.84 million, which represents roughly 4.0% of the fund's portfolio and is its 11th largest holding.
• Company insiders sold a total of 65,775 shares worth about $38.85 million in the last quarter (notable sales by Yuen Wupen and director Penny Herscher), with insiders now owning just 0.43% of the stock.
• Lumentum posted stronger-than-expected results (Q EPS $1.67 vs. $1.41; revenue $665.5M, up 65.5% YoY) and analysts have raised targets—Susquehanna and Citigroup to $1,100—leaving an average target of about $757.25 and a consensus rating of "Moderate Buy."

FengHe Fund Management Pte. Ltd. lowered its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 56.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 192,200 shares of the technology company's stock after selling 248,900 shares during the period. Lumentum comprises about 4.0% of FengHe Fund Management Pte. Ltd.'s investment portfolio, making the stock its 11th biggest holding. FengHe Fund Management Pte. Ltd. owned 0.27% of Lumentum worth $70,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Wealthfront Advisers LLC acquired a new stake in shares of Lumentum during the 4th quarter valued at $266,000. M&T Bank Corp boosted its stake in shares of Lumentum by 5.4% during the 4th quarter. M&T Bank Corp now owns 13,498 shares of the technology company's stock valued at $4,975,000 after buying an additional 686 shares during the period. Comerica Bank raised its holdings in shares of Lumentum by 1.6% during the 4th quarter. Comerica Bank now owns 37,390 shares of the technology company's stock valued at $13,782,000 after purchasing an additional 591 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Lumentum by 8.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 10,624 shares of the technology company's stock valued at $3,916,000 after purchasing an additional 850 shares during the last quarter. Finally, State of Michigan Retirement System lifted its stake in shares of Lumentum by 0.6% in the 4th quarter. State of Michigan Retirement System now owns 16,728 shares of the technology company's stock valued at $6,166,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Insider Activity at Lumentum

In other news, insider Yuen Wupen sold 3,157 shares of the business'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 transaction, the insider owned 88,439 shares in the company, valued at approximately $47,580,182. The trade was a 3.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Penny Herscher sold 4,849 shares of the business's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $535.48, for a total transaction of $2,596,542.52. Following the transaction, the director owned 6,057 shares in the company, valued at approximately $3,243,402.36. The trade was a 44.46% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 65,775 shares of company stock worth $38,851,343. 0.43% of the stock is owned by company insiders.

Lumentum Stock Performance

Shares of LITE opened at $859.11 on Tuesday. The company has a market capitalization of $61.34 billion, a PE ratio of 263.53 and a beta of 1.38. Lumentum Holdings Inc. has a one year low of $56.80 and a one year high of $960.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The company's fifty day moving average price is $745.69 and its 200 day moving average price is $471.72.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.41 by $0.26. The firm had revenue of $665.50 million for the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business's quarterly revenue was up 65.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, analysts expect that Lumentum Holdings Inc. will post 5.87 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LITE shares. Susquehanna lifted their price objective on shares of Lumentum from $550.00 to $1,100.00 and gave the company a "positive" rating in a research note on Monday, April 20th. Zacks Research lowered shares of Lumentum from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. Stifel Nicolaus lifted their price objective on shares of Lumentum to $800.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Morgan Stanley lifted their price objective on shares of Lumentum from $595.00 to $710.00 and gave the company an "equal weight" rating in a research note on Monday, April 20th. Finally, Citigroup lifted their price objective on shares of Lumentum from $800.00 to $1,100.00 and gave the company a "buy" rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Lumentum currently has an average rating of "Moderate Buy" and an average target price of $757.25.

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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