Value Aligned Research Advisors LLC lessened its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 9.8% during the first quarter, Holdings Channel reports. The firm owned 1,057,260 shares of the technology company’s stock after selling 114,941 shares during the quarter. Lumentum makes up about 3.6% of Value Aligned Research Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Value Aligned Research Advisors LLC’s holdings in Lumentum were worth $743,000,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of LITE. Sachetta LLC lifted its holdings in Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after buying an additional 19 shares during the period. Hilton Head Capital Partners LLC bought a new stake in shares of Lumentum in the 1st quarter worth approximately $25,000. Abel Hall LLC increased its stake in shares of Lumentum by 5.5% during the first quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock valued at $487,000 after buying an additional 36 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Lumentum by 5.1% during the first quarter. Checchi Capital Advisers LLC now owns 790 shares of the technology company’s stock valued at $555,000 after buying an additional 38 shares during the period. Finally, 180 Wealth Advisors LLC raised its holdings in shares of Lumentum by 2.9% during the first quarter. 180 Wealth Advisors LLC now owns 1,553 shares of the technology company’s stock valued at $1,092,000 after acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.
Insider Activity
In related news, Director Isaac Hosojiro Harris sold 1,416 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the completion of the transaction, the director directly owned 6,984 shares in the company, valued at $6,984,558.72. This trade represents a 16.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 1,422 shares of Lumentum stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $1,356,516.90. Following the transaction, the senior vice president directly owned 32,333 shares of the company’s stock, valued at approximately $30,844,065.35. This trade represents a 4.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 41,260 shares of company stock worth $38,859,220. 0.43% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Lumentum Trading Down 8.4%
LITE opened at $651.93 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 52 week low of $101.61 and a 52 week high of $1,085.68. The stock has a market cap of $50.72 billion, a PE ratio of 120.73 and a beta of 1.48. The business has a 50 day moving average of $836.46 and a 200-day moving average of $732.51.
Lumentum (NASDAQ:LITE – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.10. The company had revenue of $808.40 million for the quarter, compared to analysts’ expectations of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm’s revenue for the quarter was up 90.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities research analysts predict that Lumentum Holdings Inc. will post 6.42 earnings per share for the current fiscal year.
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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