Kovitz Investment Group Partners LLC Takes Position in Lumentum Holdings Inc. $LITE

Key Points

• Kovitz Investment Group Partners LLC invested approximately $3.76 million in Lumentum Holdings Inc. during the first quarter, acquiring 60,386 shares, which represents about 0.09% ownership in the company.
• Several institutional investors have increased their stakes in Lumentum, with Russell Investments Group Ltd. growing its position by 58.5% in the same period.
• Lumentum reported earnings of $0.88 per share for the last quarter, exceeding estimates, while also projecting Q1 2026 EPS guidance between 0.950 to 1.100.

Kovitz Investment Group Partners LLC bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 60,386 shares of the technology company's stock, valued at approximately $3,764,000. Kovitz Investment Group Partners LLC owned approximately 0.09% of Lumentum at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mariner LLC raised its stake in shares of Lumentum by 6.1% in the 4th quarter. Mariner LLC now owns 5,785 shares of the technology company's stock worth $486,000 after buying an additional 333 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in Lumentum by 32.8% in the 4th quarter. Guggenheim Capital LLC now owns 10,364 shares of the technology company's stock valued at $870,000 after acquiring an additional 2,562 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Lumentum by 202.0% during the 4th quarter. NewEdge Advisors LLC now owns 5,711 shares of the technology company's stock valued at $479,000 after purchasing an additional 3,820 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Lumentum in the 4th quarter worth approximately $24,581,000. Finally, Canada Pension Plan Investment Board boosted its holdings in Lumentum by 80.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 11,700 shares of the technology company's stock worth $982,000 after buying an additional 5,200 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Lumentum news, insider Vincent Retort sold 22,719 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $110.00, for a total value of $2,499,090.00. Following the transaction, the insider directly owned 121,747 shares in the company, valued at approximately $13,392,170. This trade represents a 15.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan S. Lowe sold 20,000 shares of Lumentum stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $93.47, for a total value of $1,869,400.00. Following the completion of the sale, the director owned 230,471 shares of the company's stock, valued at approximately $21,542,124.37. The trade was a 7.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,313 shares of company stock worth $7,777,835 over the last ninety days. 0.19% of the stock is owned by insiders.

Analyst Ratings Changes

LITE has been the topic of several research reports. Morgan Stanley upped 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. KGI Securities started coverage on Lumentum in a research report on Monday. They set an "outperform" rating on the stock. Raymond James Financial increased their price target on Lumentum from $125.00 to $145.00 and gave the company a "strong-buy" rating in a research report on Wednesday, August 13th. Bank of America raised Lumentum from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $78.00 to $135.00 in a research note on Wednesday, August 13th. Finally, Wolfe Research started coverage on shares of Lumentum in a research note on Tuesday, August 12th. They set an "outperform" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Lumentum has a consensus rating of "Moderate Buy" and an average price target of $122.85.

Lumentum Stock Performance

NASDAQ LITE traded up $2.1430 during trading on Friday, hitting $119.5730. The company's stock had a trading volume of 1,726,959 shares, compared to its average volume of 2,588,324. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $129.98. The firm has a market cap of $8.30 billion, a P/E ratio of 519.57 and a beta of 1.33. The firm has a 50 day moving average price of $101.36 and a 200 day moving average price of $79.80. The company has a quick ratio of 3.18, a current ratio of 4.37 and a debt-to-equity ratio of 2.26.

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

Lumentum Profile

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.