Oddo BHF Asset Management Sas Has $6.44 Million Stake in Lumentum Holdings Inc. $LITE

Oddo BHF Asset Management Sas raised its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 15,180.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,168 shares of the technology company’s stock after acquiring an additional 9,108 shares during the period. Oddo BHF Asset Management Sas’ holdings in Lumentum were worth $6,443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Hilton Head Capital Partners LLC bought a new position in shares of Lumentum in the first quarter worth about $25,000. Sachetta LLC boosted its stake in Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after purchasing an additional 19 shares during the period. V Square Quantitative Management LLC bought a new stake in Lumentum during the 4th quarter valued at approximately $28,000. Truvestments Capital LLC grew its holdings in Lumentum by 300.0% in the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after buying an additional 57 shares during the last quarter. Finally, Triumph Capital Management acquired a new stake in Lumentum in the 4th quarter valued at approximately $30,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Lumentum news, SVP Jae Kim sold 1,422 shares of Lumentum stock in a transaction on 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 sale, the senior vice president owned 32,333 shares in the company, valued at $30,844,065.35. The trade was a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Isaac Hosojiro Harris sold 1,416 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 41,260 shares of company stock valued at $38,859,220. 0.43% of the stock is owned by insiders.

Lumentum Trading Down 7.6%

Lumentum stock opened at $602.35 on Thursday. The business has a 50 day moving average price of $831.15 and a two-hundred day moving average price of $734.30. 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 12 month low of $101.61 and a 12 month high of $1,085.68. The stock has a market cap of $46.86 billion, a price-to-earnings ratio of 111.55 and a beta of 1.48.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data 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 analyst estimates of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.Lumentum’s revenue for the quarter was up 90.1% compared to the same quarter last year. 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. As a group, equities analysts forecast that Lumentum Holdings Inc. will post 6.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LITE shares. Mizuho set a $1,100.00 price target on Lumentum in a report on Wednesday, May 6th. Northland Securities raised their price objective on shares of Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Barclays boosted their target price on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Needham & Company LLC reiterated a “buy” rating and set a $1,040.00 target price on shares of Lumentum in a research note on Tuesday, June 9th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $1,200.00 price target on shares of Lumentum 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 stock. According to MarketBeat.com, Lumentum presently has a consensus 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.