Himension Capital Singapore PTE. LTD. Sells 10,070 Shares of Lumentum Holdings Inc. $LITE

Himension Capital Singapore PTE. LTD. trimmed its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 35.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,434 shares of the technology company’s stock after selling 10,070 shares during the period. Lumentum comprises 1.0% of Himension Capital Singapore PTE. LTD.’s portfolio, making the stock its 18th biggest holding. Himension Capital Singapore PTE. LTD.’s holdings in Lumentum were worth $12,955,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in LITE. Temasek Holdings Private Ltd purchased a new stake in shares of Lumentum during the 1st quarter valued at about $18,220,000. ABN Amro Investment Solutions purchased a new position in shares of Lumentum in the first quarter worth approximately $2,566,000. PNC Financial Services Group Inc. boosted its holdings in shares of Lumentum by 5.7% in the first quarter. PNC Financial Services Group Inc. now owns 8,304 shares of the technology company’s stock worth $5,836,000 after buying an additional 450 shares during the last quarter. Oslo Pensjonsforsikring AS purchased a new position in shares of Lumentum in the first quarter worth approximately $223,000. Finally, Titan Global Capital Management USA LLC bought a new stake in Lumentum during the first quarter valued at approximately $14,332,000. 94.05% of the stock is currently owned by institutional investors.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $837.56 on Wednesday. The company has a market capitalization of $65.16 billion, a P/E ratio of 155.10 and a beta of 1.48. Lumentum Holdings Inc. has a 1-year low of $97.55 and a 1-year high of $1,085.68. The firm’s 50 day simple moving average is $856.21 and its two-hundred day simple moving average is $719.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) 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 net margin of 17.61% and a return on equity of 24.81%. The company’s revenue for the quarter was up 90.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Research analysts expect that Lumentum Holdings Inc. will post 6.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Vincent Retort sold 3,183 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $3,036,422.85. Following the completion of the transaction, the insider owned 89,563 shares of the company’s stock, valued at approximately $85,438,623.85. This represents a 3.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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. Also, Director Ian Small sold 4,954 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total value of $4,300,418.78. Following the completion of the sale, the director owned 21,008 shares of the company’s stock, valued at $18,236,414.56. The trade was a 19.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,260 shares of company stock worth $38,859,220 in the last three months. Corporate insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on LITE shares. JPMorgan Chase & Co. upped their target price on shares of Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lumentum in a research note on Friday. Needham & Company LLC reissued a “buy” rating and set a $1,040.00 price objective on shares of Lumentum in a research report on Tuesday, June 9th. Zacks Research lowered Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Barclays raised their target price on Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and a consensus target price of $1,012.67.

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.