William Blair Investment Management LLC Acquires Shares of 359,698 Lumentum Holdings Inc. $LITE

Key Points

• William Blair Investment Management LLC has acquired 359,698 shares of Lumentum Holdings Inc., valued at approximately $34.19 million, representing about 0.52% ownership of the company.
• Several equity analysts have increased their price targets for Lumentum, with estimates ranging from $83.00 to $225.00, indicating a strong overall favorable outlook for the stock.
• Lumentum reported a 55.9% year-over-year revenue increase, with quarterly revenue of $480.70 million and an EPS of $0.88, surpassing analyst expectations.

William Blair Investment Management LLC acquired a new position in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 359,698 shares of the technology company's stock, valued at approximately $34,193,000. William Blair Investment Management LLC owned about 0.52% of Lumentum at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Lumentum by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company's stock valued at $463,198,000 after acquiring an additional 47,811 shares in the last quarter. PointState Capital LP purchased a new stake in shares of Lumentum in the first quarter valued at approximately $213,503,000. Atreides Management LP grew its position in shares of Lumentum by 6.8% in the first quarter. Atreides Management LP now owns 1,875,257 shares of the technology company's stock valued at $116,904,000 after purchasing an additional 119,938 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Lumentum by 1.1% in the first 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 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 in the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Stifel Nicolaus lifted their target price on Lumentum from $100.00 to $132.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Wall Street Zen raised shares of Lumentum from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Rosenblatt Securities increased their target price on shares of Lumentum from $150.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, September 22nd. B. Riley lifted their price target on shares of Lumentum from $73.00 to $83.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Finally, Raymond James Financial upped their price objective on shares of Lumentum from $125.00 to $145.00 and gave the stock a "strong-buy" rating in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.43.

Lumentum Stock Performance

NASDAQ LITE opened at $164.77 on Friday. The company has a market capitalization of $11.68 billion, a PE ratio of 716.39 and a beta of 1.42. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.37 and a quick ratio of 3.18. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $178.49. The company has a fifty day moving average of $147.38 and a two-hundred day moving average of $103.46.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $465.27 million. During the same period in the previous year, the business posted $0.06 earnings per share. Lumentum's quarterly revenue was up 55.9% on a year-over-year basis. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. As a group, analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Vincent Retort sold 22,719 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $110.00, for a total value of $2,499,090.00. Following the completion of the transaction, the insider owned 121,747 shares in the company, valued at $13,392,170. This trade represents a 15.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jae Kim sold 4,507 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $116.88, for a total transaction of $526,778.16. Following the completion of the sale, the senior vice president owned 33,465 shares of the company's stock, valued at $3,911,389.20. This trade represents a 11.87% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,687 shares of company stock valued at $4,759,552. Corporate insiders own 0.43% 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.

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