Triglav Investments D.O.O. Invests $2.94 Million in Lumentum Holdings Inc. $LITE

Triglav Investments D.O.O. acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,191 shares of the technology company’s stock, valued at approximately $2,945,000.

A number of other large investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its holdings in Lumentum by 18.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock worth $683,661,000 after buying an additional 291,591 shares during the period. Geode Capital Management LLC lifted its position in shares of Lumentum by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock valued at $521,563,000 after acquiring an additional 123,265 shares in the last quarter. Situational Awareness LP lifted its position in shares of Lumentum by 210.9% in the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after acquiring an additional 880,800 shares in the last quarter. Norges Bank bought a new position in shares of Lumentum in the fourth quarter worth about $474,495,000. Finally, Value Aligned Research Advisors LLC bought a new position in shares of Lumentum in the fourth quarter worth about $432,062,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Activity

In related news, Director Ian Small sold 4,954 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the sale, the director owned 21,008 shares of the company’s stock, valued at $18,236,414.56. This represents a 19.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $3,036,422.85. Following the sale, the insider directly owned 89,563 shares in the company, valued at approximately $85,438,623.85. The trade was a 3.43% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 41,260 shares of company stock worth $38,859,220. 0.43% of the stock is owned by corporate insiders.

Lumentum Price Performance

Shares of Lumentum stock opened at $802.01 on Monday. The stock has a 50 day moving average of $882.31 and a 200 day moving average of $700.26. Lumentum Holdings Inc. has a 12 month low of $90.98 and a 12 month high of $1,085.68. The firm has a market cap of $62.40 billion, a PE ratio of 148.52 and a beta of 1.48. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The business had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. During the same quarter last year, the business posted $0.57 EPS. The firm’s revenue for the quarter was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, research analysts expect that Lumentum Holdings Inc. will post 6.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LITE shares. Zacks Research cut Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Stifel Nicolaus upped their price target on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. B. Riley Financial reaffirmed a “buy” rating on shares of Lumentum in a report on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and set a $1,014.00 price objective on shares of Lumentum in a research report on Wednesday, May 6th. Finally, BNP Paribas Exane boosted their target price on shares of Lumentum from $1,040.00 to $1,300.00 in a report on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average target price of $1,021.95.

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.