Lumentum Holdings Inc. $LITE Holdings Trimmed by AlphaQuest LLC

Key Points

• AlphaQuest LLC has significantly reduced its stake in Lumentum Holdings Inc. by 63.8%, now owning just 2,087 shares valued at approximately $130,000.
• Institutional investors currently own approximately 94.05% of Lumentum's stock, indicating strong institutional interest.
• After recent quarterly earnings, Lumentum reported an earnings per share (EPS) of $0.88, exceeding analysts' expectations of $0.79, and its revenue increased by 55.9% year-over-year.

AlphaQuest LLC cut its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 63.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,087 shares of the technology company's stock after selling 3,674 shares during the quarter. AlphaQuest LLC's holdings in Lumentum were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Arnhold LLC lifted its position in Lumentum by 27.6% during the first quarter. Arnhold LLC now owns 216,117 shares of the technology company's stock worth $13,473,000 after buying an additional 46,698 shares during the period. Channing Capital Management LLC purchased a new position in Lumentum during the first quarter worth about $36,715,000. Fuller & Thaler Asset Management Inc. lifted its position in Lumentum by 26.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,063,529 shares of the technology company's stock worth $66,300,000 after buying an additional 225,240 shares during the period. Seek First Inc. purchased a new stake in shares of Lumentum during the 1st quarter valued at $292,000. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of Lumentum during the 1st quarter valued at $436,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Lumentum Stock Up 5.0%

NASDAQ:LITE traded up $7.13 on Friday, reaching $149.04. The stock had a trading volume of 5,312,312 shares, compared to its average volume of 2,689,207. 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 50-day moving average of $109.65 and a 200 day moving average of $83.08. The stock has a market cap of $10.42 billion, a P/E ratio of 647.89 and a beta of 1.42. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $152.27.

Lumentum (NASDAQ:LITE - Get Free Report) last issued its earnings results on Tuesday, August 12th. The technology company reported $0.88 EPS for the quarter, topping 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 company had revenue of $480.70 million during the quarter, compared to analyst estimates of $465.27 million. During the same quarter last year, the firm earned $0.06 EPS. The business'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. On average, research analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on LITE shares. KGI Securities started coverage on shares of Lumentum in a research note on Monday, August 18th. They set an "outperform" rating for the company. Morgan Stanley boosted their price objective on shares of Lumentum from $92.00 to $100.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 13th. Rosenblatt Securities reissued a "buy" rating and set a $150.00 price objective on shares of Lumentum in a research note on Thursday, August 14th. Needham & Company LLC reissued a "buy" rating and set a $145.00 price objective (up from $135.00) on shares of Lumentum in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Lumentum from $123.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Two 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 company. According to data from MarketBeat.com, Lumentum currently has an average rating of "Moderate Buy" and an average price target of $125.86.

Insider Transactions at Lumentum

In other Lumentum news, insider Yuen Wupen sold 3,282 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $119.25, for a total value of $391,378.50. Following the transaction, the insider owned 104,554 shares of the company's stock, valued at $12,468,064.50. This trade represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Wajid Ali sold 2,526 shares of Lumentum 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 sale, the chief financial officer directly owned 77,087 shares in the company, valued at $9,588,851.93. The trade was a 3.17% 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 ninety days. Insiders own 0.19% of the company's stock.

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.