Vanguard Personalized Indexing Management LLC Grows Position in Lumentum Holdings Inc. $LITE

Key Points

• Vanguard Personalized Indexing Management LLC increased its ownership in Lumentum Holdings Inc. by 42.2% during Q2, now holding shares valued at $636,000.
• Multiple institutional investors, including Vanguard Group, PointState Capital, and Atreides Management, have made significant changes to their positions in Lumentum, which is now over 94% owned by institutional investors.
• The latest analyst ratings show a consensus of Moderate Buy for Lumentum, with a price target increase to $145.00 from previous estimates.

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 42.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,691 shares of the technology company's stock after purchasing an additional 1,987 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Lumentum were worth $636,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Lumentum by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company's stock valued at $463,198,000 after purchasing an additional 47,811 shares in the last quarter. PointState Capital LP purchased a new position in shares of Lumentum during the 1st quarter worth $213,503,000. Atreides Management LP grew its holdings in Lumentum by 6.8% in the 1st quarter. Atreides Management LP now owns 1,875,257 shares of the technology company's stock valued at $116,904,000 after buying an additional 119,938 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Lumentum by 1.1% in the 1st quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company's stock valued at $107,913,000 after purchasing an additional 19,085 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in shares of Lumentum by 26.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,063,529 shares of the technology company's stock valued at $66,300,000 after purchasing an additional 225,240 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on LITE. KGI Securities started coverage on shares of Lumentum in a research note on Monday, August 18th. They set an "outperform" rating on the stock. Weiss Ratings restated a "hold (c-)" rating on shares of Lumentum in a research note on Wednesday, October 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $145.00 target price (up previously from $135.00) on shares of Lumentum in a research note on Wednesday, August 13th. Morgan Stanley lifted their price target on Lumentum from $100.00 to $145.00 and gave the company an "equal weight" rating in a research report on Friday, October 10th. Finally, Raymond James Financial increased their target price on shares of Lumentum from $125.00 to $145.00 and gave the company a "strong-buy" rating in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $139.43.

Insider Buying and Selling at Lumentum

In other news, insider Vincent Retort sold 22,719 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $110.00, for a total value of $2,499,090.00. Following the transaction, the insider directly owned 121,747 shares in the company, valued at $13,392,170. This trade represents a 15.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jae Kim sold 4,507 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $116.88, for a total value of $526,778.16. Following the transaction, the senior vice president owned 33,465 shares of the company's stock, valued at $3,911,389.20. The trade was a 11.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,158 shares of company stock valued at $4,706,087 over the last ninety days. Company insiders own 0.43% of the company's stock.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $162.95 on Wednesday. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $178.49. 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 business's 50 day moving average is $149.16 and its 200-day moving average is $105.00. The firm has a market capitalization of $11.56 billion, a PE ratio of 708.48 and a beta of 1.42.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. The company had revenue of $480.70 million for the quarter, compared to analyst estimates of $465.27 million. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.The company's revenue was up 55.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 EPS. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Sell-side analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

About Lumentum

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.

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