Keystone Investors PTE Ltd. Acquires 102,873 Shares of Lumentum Holdings Inc. $LITE

Keystone Investors PTE Ltd. boosted its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 192.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 156,277 shares of the technology company’s stock after buying an additional 102,873 shares during the quarter. Lumentum makes up about 2.9% of Keystone Investors PTE Ltd.’s investment portfolio, making the stock its 12th largest holding. Keystone Investors PTE Ltd. owned approximately 0.22% of Lumentum worth $25,428,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Allianz SE raised its position in Lumentum by 309.8% in the third quarter. Allianz SE now owns 28,685 shares of the technology company’s stock worth $4,667,000 after acquiring an additional 21,685 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Lumentum by 11.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 21,647 shares of the technology company’s stock worth $3,522,000 after purchasing an additional 2,200 shares in the last quarter. Andra AP fonden raised its holdings in Lumentum by 11.1% in the 3rd quarter. Andra AP fonden now owns 18,556 shares of the technology company’s stock worth $3,019,000 after purchasing an additional 1,857 shares during the period. Xponance Inc. lifted its position in Lumentum by 2.3% during the third quarter. Xponance Inc. now owns 8,651 shares of the technology company’s stock valued at $1,408,000 after purchasing an additional 191 shares in the last quarter. Finally, Headwater Capital Co Ltd purchased a new position in Lumentum during the third quarter valued at $20,339,000. 94.05% of the stock is currently owned by institutional investors.

Lumentum Stock Up 3.5%

LITE opened at $700.91 on Friday. The company has a market capitalization of $50.04 billion, a PE ratio of 215.00 and a beta of 1.51. The firm has a 50-day simple moving average of $454.79 and a two-hundred day simple moving average of $291.42. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $765.00.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. The company had revenue of $665.50 million for the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The firm’s revenue for the quarter was up 65.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Penny Herscher sold 4,849 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $535.48, for a total value of $2,596,542.52. Following the completion of the transaction, the director directly owned 6,057 shares of the company’s stock, valued at approximately $3,243,402.36. This trade represents a 44.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the completion of the sale, the insider owned 102,455 shares in the company, valued at $60,583,690.60. This represents a 30.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 60,473 shares of company stock worth $35,186,972. 0.43% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LITE shares. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Wall Street Zen cut shares of Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Bank of America lifted their price target on shares of Lumentum to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Lumentum to $565.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $458.00.

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.