Leeward Investments LLC MA Reduces Position in Lumentum Holdings Inc. $LITE

Leeward Investments LLC MA lowered its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 61.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,278 shares of the technology company’s stock after selling 181,839 shares during the quarter. Lumentum makes up about 2.1% of Leeward Investments LLC MA’s portfolio, making the stock its biggest position. Leeward Investments LLC MA’s holdings in Lumentum were worth $42,122,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Federated Hermes Inc. grew its stake in Lumentum by 7,168.8% in the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock worth $58,958,000 after purchasing an additional 357,367 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Lumentum in the fourth quarter worth approximately $6,755,000. Headwater Capital Co Ltd bought a new position in Lumentum in the third quarter worth approximately $20,339,000. Estate Counselors LLC bought a new position in Lumentum in the fourth quarter worth approximately $4,239,000. Finally, China Universal Asset Management Co. Ltd. bought a new position in Lumentum in the third quarter worth approximately $1,383,000. Institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

LITE has been the topic of several recent research reports. Raymond James Financial reaffirmed an “outperform” rating and set a $1,014.00 target price on shares of Lumentum in a research report on Wednesday, May 6th. Morgan Stanley increased their target price on Lumentum from $710.00 to $900.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. increased their target price on Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Stifel Nicolaus increased their target price on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, BNP Paribas Exane increased their target price on Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,012.43.

Lumentum Stock Down 2.8%

Lumentum stock opened at $1,001.81 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The stock has a market capitalization of $77.94 billion, a price-to-earnings ratio of 185.52 and a beta of 1.53. Lumentum Holdings Inc. has a 1-year low of $71.04 and a 1-year high of $1,085.68. The business has a fifty day moving average price of $804.16 and a 200-day moving average price of $532.16.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The firm had revenue of $808.40 million during 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 business’s quarterly revenue was up 90.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities research analysts forecast that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum was added to the Nasdaq-100, which can trigger buying from index funds and boost visibility with large institutional investors. Lumentum Joins the Nasdaq-100 Index®, Achieving New Milestone in Global Growth
• Positive Sentiment: Lumentum was upgraded to Zacks Rank #1 (Strong Buy), reflecting improving earnings expectations and reinforcing momentum-buying interest. What Makes Lumentum (LITE) a New Strong Buy Stock
• Positive Sentiment: Commentary highlighted that Lumentum’s Components business is accelerating, with AI optics demand surging and key products sold out, suggesting stronger revenue potential ahead. Lumentum’s Components Business Accelerates: More Upside Ahead?
• Positive Sentiment: Northland Securities raised earnings estimates for Lumentum, adding to the view that the company’s profit outlook is improving. Lumentum stock report
• Neutral Sentiment: Recent coverage also notes that Lumentum’s strong rally has pushed the stock to fresh highs, which can attract momentum buyers but also raise valuation questions.
• Neutral Sentiment: Insider selling was reported this week, but the transactions were made under pre-arranged trading plans, so they appear less likely to signal a major change in fundamentals.

Insider Transactions at Lumentum

In other news, Director Brian Lillie sold 11,951 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $981.64, for a total value of $11,731,579.64. Following the completion of the sale, the director owned 13,959 shares of the company’s stock, valued at $13,702,712.76. This trade represents a 46.13% decrease in their position. The transaction was disclosed in a document filed 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 1,933 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $950.99, for a total value of $1,838,263.67. Following the completion of the sale, the senior vice president directly owned 35,114 shares of the company’s stock, valued at $33,393,062.86. The trade was a 5.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 29,333 shares of company stock worth $24,049,017. 0.43% of the stock is currently owned by corporate 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.