Quantbot Technologies LP Decreases Stake in Lumentum Holdings Inc. $LITE

Key Points

• Quantbot Technologies LP reduced its holdings in Lumentum Holdings Inc. by 44.6%, owning approximately 0.05% of the company valued at $2.25 million after selling 29,051 shares.
• Several institutional investors increased their positions significantly, with CoreCap Advisors LLC growing its stake by 2,235.3%, reflecting strong interest in the company.
• Lumentum recently reported earnings of $0.88 per share, exceeding analysts' expectations, and reported a revenue increase of 55.9% year-over-year, indicating strong financial performance.

Quantbot Technologies LP reduced its stake in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 44.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,082 shares of the technology company's stock after selling 29,051 shares during the period. Quantbot Technologies LP owned 0.05% of Lumentum worth $2,249,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund grew its stake in Lumentum by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company's stock worth $881,000 after acquiring an additional 176 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in Lumentum by 6.8% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,465 shares of the technology company's stock worth $216,000 after acquiring an additional 220 shares in the last quarter. California State Teachers Retirement System grew its stake in Lumentum by 0.4% in the 4th quarter. California State Teachers Retirement System now owns 64,170 shares of the technology company's stock worth $5,387,000 after acquiring an additional 251 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Lumentum by 103.2% in the 1st quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company's stock worth $32,000 after acquiring an additional 260 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in Lumentum by 3.4% in the 1st quarter. State of Alaska Department of Revenue now owns 8,103 shares of the technology company's stock worth $505,000 after acquiring an additional 270 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LITE has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Lumentum from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Susquehanna increased their price objective on shares of Lumentum to $125.00 and gave the company a "positive" rating in a research note on Tuesday, August 12th. Wolfe Research initiated coverage on shares of Lumentum in a research note on Tuesday, August 12th. They set an "outperform" rating on the stock. Needham & Company LLC reiterated 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. increased 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, eleven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Lumentum currently has a consensus rating of "Moderate Buy" and an average price target of $122.85.

Insider Activity at Lumentum

In related news, insider Vincent Retort sold 22,719 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $110.00, for a total transaction of $2,499,090.00. Following the completion of the sale, the insider owned 121,747 shares of the company's stock, valued at $13,392,170. This represents a 15.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Julia Suzanne Johnson sold 1,250 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $119.06, for a total transaction of $148,825.00. Following the sale, the director directly owned 22,037 shares of the company's stock, valued at $2,623,725.22. The trade was a 5.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,313 shares of company stock valued at $7,777,835 over the last three months. Company insiders own 0.19% of the company's stock.

Lumentum Stock Up 1.6%

NASDAQ:LITE traded up $1.91 during midday trading on Friday, reaching $119.34. 2,679,776 shares of the stock traded hands, compared to its average volume of 2,991,241. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $129.98. The business has a 50-day moving average of $102.10 and a two-hundred day moving average of $79.97. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.18 and a current ratio of 4.37. The stock has a market capitalization of $8.34 billion, a PE ratio of 518.87 and a beta of 1.33.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its earnings results 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 company 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 posted $0.06 earnings per share. Lumentum's revenue for the quarter was up 55.9% compared to the same quarter last year. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. On average, equities 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.