Landscape Capital Management L.L.C. Has $1.59 Million Holdings in Lumentum Holdings Inc. $LITE

Key Points

• Landscape Capital Management L.L.C. increased its stake in Lumentum Holdings Inc. by 44.6% during the 1st quarter, owning 25,460 shares valued at approximately $1.59 million.
• In recent quarterly earnings, Lumentum reported earnings per share (EPS) of $0.88, surpassing analysts’ expectations, and its revenue grew by 55.9% year-over-year to $480.70 million.
• Several analysts have upgraded Lumentum's stock rating, with target prices raised to as high as $145, indicating positive market sentiment and a consensus rating of "Moderate Buy."

Landscape Capital Management L.L.C. raised its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 44.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,460 shares of the technology company's stock after buying an additional 7,856 shares during the period. Landscape Capital Management L.L.C.'s holdings in Lumentum were worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LITE. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Lumentum during the first quarter worth approximately $25,000. Rakuten Securities Inc. increased its holdings in shares of Lumentum by 164.4% in the first quarter. Rakuten Securities Inc. now owns 476 shares of the technology company's stock valued at $30,000 after purchasing an additional 296 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Lumentum by 103.2% in the first quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company's stock valued at $32,000 after purchasing an additional 260 shares in the last quarter. CoreCap Advisors LLC increased its holdings in shares of Lumentum by 2,235.3% in the fourth quarter. CoreCap Advisors LLC now owns 397 shares of the technology company's stock valued at $33,000 after purchasing an additional 380 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of Lumentum in the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LITE. Wall Street Zen lowered shares of Lumentum from a "buy" rating to a "hold" rating in a report on Saturday. Morgan Stanley raised their price target on shares of Lumentum from $92.00 to $100.00 and gave the company an "equal weight" rating in a report on Wednesday, August 13th. Rosenblatt Securities reissued a "buy" rating and issued a $150.00 price target on shares of Lumentum in a report on Thursday, August 14th. Wolfe Research began coverage on shares of Lumentum in a report on Tuesday, August 12th. They issued an "outperform" rating for the company. Finally, Needham & Company LLC reissued a "buy" rating and issued a $145.00 price target (up previously from $135.00) on shares of Lumentum in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $125.86.

Lumentum Trading Down 0.2%

Shares of LITE stock traded down $0.26 on Tuesday, hitting $132.55. The stock had a trading volume of 2,667,274 shares, compared to its average volume of 2,627,656. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $137.10. The firm has a market cap of $9.27 billion, a P/E ratio of 576.30 and a beta of 1.42. 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 fifty day moving average price of $107.04 and a two-hundred day moving average price of $81.93.

Lumentum (NASDAQ:LITE - Get Free Report) last announced 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 net margin of 1.57% and a negative return on equity of 3.02%. The company had revenue of $480.70 million during the quarter, compared to analyst estimates of $465.27 million. During the same quarter in the previous year, the business earned $0.06 EPS. The firm's revenue was up 55.9% on a year-over-year basis. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. As a group, analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Wajid Ali sold 2,526 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $124.39, for a total value of $314,209.14. Following the completion of the transaction, the chief financial officer owned 77,087 shares of the company's stock, valued at $9,588,851.93. The trade was a 3.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vincent Retort sold 22,719 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $110.00, for a total transaction of $2,499,090.00. Following the completion of the transaction, the insider directly owned 121,747 shares of the company's stock, valued at approximately $13,392,170. The trade was a 15.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,909 shares of company stock worth $9,419,867 over the last ninety days. Insiders own 0.19% of the company's stock.

Lumentum Company 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.