336,444 Shares in Lumentum Holdings Inc. $LITE Purchased by Junto Capital Management LP

Key Points

• Junto Capital Management LP acquired 336,444 shares of Lumentum Holdings Inc., valued at approximately $20.97 million, representing a 0.48% stake in the company as of its latest SEC filing.
• Several other institutional investors have increased their stakes in Lumentum, with a combined ownership of 94.05% of the company's stock.
• Analysts have raised target prices for Lumentum, with JPMorgan Chase & Co. increasing its target from $123 to $145, reflecting a generally positive outlook for the stock.

Junto Capital Management LP purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 336,444 shares of the technology company's stock, valued at approximately $20,974,000. Junto Capital Management LP owned 0.48% of Lumentum at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Lumentum by 0.6% in the first quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company's stock worth $463,198,000 after buying an additional 47,811 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Lumentum in the first quarter worth about $260,000. Crestline Management LP purchased a new stake in shares of Lumentum in the fourth quarter worth about $4,435,000. UMB Bank n.a. boosted its position in shares of Lumentum by 132.9% in the first quarter. UMB Bank n.a. now owns 785 shares of the technology company's stock worth $49,000 after buying an additional 448 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Lumentum by 1.1% in the first quarter. Principal Financial Group Inc. now owns 159,154 shares of the technology company's stock worth $9,922,000 after buying an additional 1,660 shares during the period. Hedge funds and other institutional investors own 94.05% of the company's stock.

Insiders Place Their Bets

In related news, insider Vincent Retort sold 22,719 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $110.00, for a total value of $2,499,090.00. Following the completion of the sale, the insider owned 121,747 shares in the company, valued at $13,392,170. This represents a 15.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Wajid Ali sold 2,526 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $124.39, for a total transaction of $314,209.14. Following the completion of the transaction, the chief financial officer directly owned 77,087 shares of the company's stock, valued at approximately $9,588,851.93. The trade was a 3.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 81,687 shares of company stock worth $8,398,352 over the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LITE has been the subject of a number of analyst reports. Morgan Stanley increased their price target on Lumentum from $92.00 to $100.00 and gave the company an "equal weight" rating in a report on Wednesday, August 13th. Rosenblatt Securities reaffirmed a "buy" rating and set a $150.00 target price on shares of Lumentum in a research note on Thursday, August 14th. Wall Street Zen cut Lumentum from a "buy" rating to a "hold" rating in a research report on Saturday. B. Riley raised their price objective on Lumentum from $73.00 to $83.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Finally, UBS Group lifted their price objective on Lumentum from $78.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $125.86.

Lumentum Trading Up 1.2%

Shares of Lumentum stock traded up $1.57 on Wednesday, hitting $134.12. 5,087,778 shares of the company's stock traded hands, compared to its average volume of 2,642,263. The firm's 50-day moving average price is $107.86 and its two-hundred day moving average price is $82.28. The stock has a market capitalization of $9.37 billion, a PE ratio of 583.13 and a beta of 1.42. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $137.10. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.37 and a quick ratio of 3.18.

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

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.