Sanctuary Advisors LLC Has $2.27 Million Position in Lumentum Holdings Inc. $LITE

Key Points

• Sanctuary Advisors LLC increased its stake in Lumentum by 94.8% in Q4 to 6,147 shares—worth about $2.27 million after buying an additional 2,991 shares.
• Lumentum beat Q results (EPS $1.67 vs. $1.41 est.; revenue $665.5M, up 65.5% YoY), the stock has surged (52‑week range $60.38–$985.13), and analysts' average price target is $757.25 with a "Moderate Buy" consensus.
• Insiders have been net sellers—65,775 shares sold in the last 90 days valued at about $38.85M (insiders own 0.43%)—while institutional investors hold 94.05% of the stock.

Sanctuary Advisors LLC grew its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 94.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,147 shares of the technology company's stock after buying an additional 2,991 shares during the period. Sanctuary Advisors LLC's holdings in Lumentum were worth $2,266,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in LITE. Federated Hermes Inc. boosted its position in shares of Lumentum by 7,168.8% during the 3rd quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company's stock worth $58,958,000 after purchasing an additional 357,367 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Lumentum during the 4th quarter worth about $6,755,000. FengHe Fund Management Pte. Ltd. bought a new position in shares of Lumentum during the 3rd quarter worth about $71,771,000. Headwater Capital Co Ltd bought a new position in shares of Lumentum during the 3rd quarter worth about $20,339,000. Finally, China Universal Asset Management Co. Ltd. bought a new position in shares of Lumentum during the 3rd quarter worth about $1,383,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $949.93 on Friday. Lumentum Holdings Inc. has a fifty-two week low of $60.38 and a fifty-two week high of $985.13. The stock has a market cap of $67.83 billion, a price-to-earnings ratio of 291.39 and a beta of 1.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The firm's 50-day simple moving average is $760.12 and its 200 day simple moving average is $484.10.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.26. The business had revenue of $665.50 million for the quarter, compared to analysts' expectations of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm's revenue for the quarter was up 65.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, research analysts anticipate that Lumentum Holdings Inc. will post 5.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LITE has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of Lumentum to $520.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 4th. Stifel Nicolaus increased their price objective on shares of Lumentum to $800.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. UBS Group raised their price target on shares of Lumentum from $215.00 to $455.00 and gave the company a "neutral" rating in a research report on Wednesday, February 4th. Northland Securities set a $1,000.00 price target on shares of Lumentum in a research report on Monday, April 20th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $900.00 price target on shares of Lumentum in a research report on Wednesday, March 18th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Lumentum currently has an average rating of "Moderate Buy" and an average price target of $757.25.

Insiders Place Their Bets

In related news, insider Vincent Retort sold 3,441 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the completion of the sale, the insider directly owned 95,975 shares of the company's stock, valued at approximately $52,381,235.50. This trade represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Penny Herscher sold 4,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $597.29, for a total value of $2,389,160.00. Following the sale, the director directly owned 2,057 shares of the company's stock, valued at $1,228,625.53. The trade was a 66.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 65,775 shares of company stock valued at $38,851,343. Insiders own 0.43% of the company's stock.

Lumentum Profile

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.

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