Graham Capital Management L.P. Buys Shares of 39,353 Lumentum Holdings Inc. $LITE

Key Points

• Graham Capital Management L.P. has made a new investment in Lumentum Holdings Inc., purchasing 39,353 shares valued at approximately $2.45 million.
• Several institutional investors, including Oregon Public Employees Retirement Fund and Pinnacle Wealth Management Advisory Group LLC, have adjusted their stakes in Lumentum, indicating strong institutional interest in the company.
• Lumentum's recent quarterly earnings report showed an earnings per share (EPS) of $0.88, exceeding expectations and demonstrating a significant revenue growth of 55.9% compared to the previous year.

Graham Capital Management L.P. purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 39,353 shares of the technology company's stock, valued at approximately $2,453,000. Graham Capital Management L.P. owned about 0.06% of Lumentum at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Lumentum during the 1st quarter valued at about $25,000. Rakuten Securities Inc. lifted its holdings in shares of Lumentum by 164.4% during the 1st quarter. Rakuten Securities Inc. now owns 476 shares of the technology company's stock valued at $30,000 after buying an additional 296 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Lumentum by 103.2% during the 1st quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company's stock valued at $32,000 after buying an additional 260 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Lumentum by 2,235.3% during the 4th quarter. CoreCap Advisors LLC now owns 397 shares of the technology company's stock valued at $33,000 after buying an additional 380 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of Lumentum during the 1st quarter valued at about $40,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Lumentum from $100.00 to $132.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. UBS Group lifted their price target on Lumentum from $78.00 to $130.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. B. Riley lifted their price objective on Lumentum from $73.00 to $83.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Needham & Company LLC reissued a "buy" rating and set a $145.00 price objective (up previously from $135.00) on shares of Lumentum in a report on Wednesday, August 13th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $150.00 price objective on shares of Lumentum in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Lumentum presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.86.

Lumentum Price Performance

LITE stock traded up $7.55 during trading on Friday, hitting $149.46. The company had a trading volume of 6,408,446 shares, compared to its average volume of 3,970,889. The company has a current ratio of 4.37, a quick ratio of 3.18 and a debt-to-equity ratio of 2.26. The company has a market cap of $10.45 billion, a P/E ratio of 649.83 and a beta of 1.42. The company has a fifty day moving average price of $110.74 and a two-hundred day moving average price of $83.56. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $152.27.

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

Insider Activity at Lumentum

In related news, CFO Wajid Ali sold 2,526 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $124.39, for a total value of $314,209.14. Following the completion of the sale, the chief financial officer owned 77,087 shares in the company, valued at approximately $9,588,851.93. This represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Yuen Wupen sold 3,281 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were 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 of the company's stock, valued at $12,644,946.78. This represents a 3.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 81,687 shares of company stock valued at $8,398,352 over the last quarter. 0.19% of the stock is currently owned by corporate insiders.

About Lumentum

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.