Teacher Retirement System of Texas Reduces Stock Holdings in Lumentum Holdings Inc. $LITE

Key Points

• Teacher Retirement System of Texas cut its stake in Lumentum by 29.8% in Q4, selling 2,705 shares and ending the period with 6,380 shares valued at $2.352 million.
• Other institutions boosted positions sharply — Vanguard holds ~7.49 million shares, Arrowstreet increased to 1.56 million shares (an 8,579.2% rise) and Assenagon added to 994,478 shares — leaving institutional ownership at about 94.05%.
• Lumentum beat Q4 estimates with EPS of $1.67 (vs. $1.41 expected) and revenue of $665.5M (up 65.5% YoY), and analysts maintain a consensus of "Moderate Buy" with an average price target of $757.25 and several firms raising targets up to $1,040.

Teacher Retirement System of Texas reduced its position in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 29.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,380 shares of the technology company's stock after selling 2,705 shares during the quarter. Teacher Retirement System of Texas' holdings in Lumentum were worth $2,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Lumentum by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company's stock valued at $1,217,930,000 after buying an additional 41,975 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Lumentum by 8,579.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company's stock worth $254,350,000 after acquiring an additional 1,545,199 shares during the last quarter. Alliancebernstein L.P. raised its stake in Lumentum by 4.4% in the 3rd quarter. Alliancebernstein L.P. now owns 1,085,119 shares of the technology company's stock valued at $176,560,000 after acquiring an additional 45,953 shares during the period. Assenagon Asset Management S.A. raised its stake in Lumentum by 707.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company's stock valued at $366,555,000 after acquiring an additional 871,249 shares during the period. Finally, Holocene Advisors LP purchased a new stake in Lumentum during the third quarter valued at about $136,401,000. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LITE has been the subject of a number of research reports. Zacks Research lowered shares of Lumentum from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Morgan Stanley upped their price target on shares of Lumentum from $595.00 to $710.00 and gave the company an "equal weight" rating in a research note on Monday, April 20th. Needham & Company LLC raised their price objective on shares of Lumentum from $880.00 to $1,040.00 and gave the stock a "buy" rating in a report on Tuesday, April 21st. Rosenblatt Securities reiterated a "buy" rating and issued a $900.00 price objective on shares of Lumentum in a research note on Wednesday, March 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Lumentum to $950.00 and gave the company an "overweight" rating in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Lumentum presently has a consensus rating of "Moderate Buy" and an average price target of $757.25.

Lumentum Trading Down 2.6%

Shares of LITE opened at $859.11 on Tuesday. Lumentum Holdings Inc. has a twelve month low of $56.80 and a twelve month high of $960.00. The stock has a market cap of $61.34 billion, a PE ratio of 263.53 and a beta of 1.38. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The business's 50-day moving average price is $745.69 and its 200-day moving average price is $471.72.

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

Insider Activity

In other news, CFO Wajid Ali sold 5,302 shares of the company's stock in a transaction on Friday, February 27th. The shares were sold at an average price of $691.13, for a total value of $3,664,371.26. Following the transaction, the chief financial officer owned 66,287 shares of the company's stock, valued at approximately $45,812,934.31. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Penny Herscher sold 4,849 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $535.48, for a total value of $2,596,542.52. Following the completion of the sale, the director owned 6,057 shares in the company, valued at $3,243,402.36. This trade represents a 44.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,775 shares of company stock valued at $38,851,343 in the last quarter. 0.43% of the stock is currently owned by company insiders.

Lumentum Company 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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