Sage Rhino Capital LLC Makes New Investment in Lumentum Holdings Inc. $LITE

Sage Rhino Capital LLC purchased a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 848 shares of the technology company’s stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LITE. Vanguard Group Inc. boosted its position in shares of Lumentum by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock valued at $1,217,930,000 after acquiring an additional 41,975 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Lumentum by 8,579.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after buying an additional 1,545,199 shares during the last quarter. Alliancebernstein L.P. lifted its position in Lumentum by 4.4% in the third quarter. Alliancebernstein L.P. now owns 1,085,119 shares of the technology company’s stock worth $176,560,000 after buying an additional 45,953 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Lumentum by 707.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock worth $366,555,000 after buying an additional 871,249 shares during the last quarter. Finally, Holocene Advisors LP bought a new stake in Lumentum in the third quarter worth $136,401,000. 94.05% of the stock is currently owned by institutional investors.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $858.32 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The company has a market cap of $61.28 billion, a PE ratio of 263.29 and a beta of 1.38. The business has a 50-day simple moving average of $754.79 and a two-hundred day simple moving average of $478.92. Lumentum Holdings Inc. has a fifty-two week low of $56.80 and a fifty-two week high of $960.00.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.26. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The business had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. During the same quarter last year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities analysts expect that Lumentum Holdings Inc. will post 5.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LITE. Zacks Research lowered Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. increased their target price on Lumentum to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. UBS Group raised their price target on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Mizuho raised their price target on Lumentum from $750.00 to $930.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Finally, Bank of America lifted their target price on Lumentum to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Lumentum has a consensus rating of “Moderate Buy” and a consensus price target of $757.25.

Insider Transactions at Lumentum

In related news, Director Penny Herscher sold 4,000 shares of Lumentum stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $597.29, for a total transaction of $2,389,160.00. Following the completion of the sale, the director owned 2,057 shares of the company’s stock, valued at $1,228,625.53. The trade was a 66.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Vincent Retort sold 3,441 shares of Lumentum stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total value of $1,878,028.98. Following the sale, the insider directly owned 95,975 shares of the company’s stock, valued at $52,381,235.50. This trade represents a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 65,775 shares of company stock worth $38,851,343. 0.43% of the stock is owned by company insiders.

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.