Styrax Capital LP Purchases 4,837 Shares of Lumentum Holdings Inc. $LITE

Styrax Capital LP increased its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,000 shares of the technology company’s stock after buying an additional 4,837 shares during the quarter. Lumentum comprises approximately 6.9% of Styrax Capital LP’s holdings, making the stock its 6th largest position. Styrax Capital LP’s holdings in Lumentum were worth $98,386,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in LITE. Insight Holdings Group LLC acquired a new position in shares of Lumentum in the 1st quarter valued at $4,195,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Lumentum in the first quarter worth $519,000. Tiger Global Management LLC purchased a new position in Lumentum during the 1st quarter valued at about $96,138,000. Lombard Odier Asset Management Switzerland SA bought a new stake in shares of Lumentum in the 1st quarter worth $971,000. Finally, Waverly Advisors LLC purchased a new position in shares of Lumentum in the 1st quarter worth $520,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Barclays recently upgraded Lumentum and cited expectations for continued earnings strength, keeping the photonics maker in focus ahead of its next earnings report.
• Positive Sentiment: Zacks highlighted Lumentum as one of three stocks worth buying after recent broker rating upgrades, reinforcing the bullish analyst backdrop.
• Positive Sentiment: Analysts now describe Lumentum as a “Moderate Buy,” reflecting broad Street confidence in the company’s outlook.
• Positive Sentiment: Recent coverage has tied Lumentum to AI and data-center spending themes, with investors expecting optical networking suppliers to benefit from ongoing infrastructure buildout.
• Neutral Sentiment: Investors are also watching Lumentum’s upcoming quarterly earnings preview, with results likely to be a key catalyst for the stock.
• Negative Sentiment: Short interest data showed 0 shares reported, so there is no meaningful bearish signal from the latest short-interest update.

Lumentum Price Performance

Shares of LITE stock opened at $762.99 on Monday. The business has a fifty day simple moving average of $844.69 and a 200 day simple moving average of $728.47. Lumentum Holdings Inc. has a twelve month low of $101.22 and a twelve month high of $1,085.68. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The company has a market cap of $59.36 billion, a P/E ratio of 141.29 and a beta of 1.48.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 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 analyst estimates of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The company’s revenue for the quarter was up 90.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, sell-side analysts forecast that Lumentum Holdings Inc. will post 6.42 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Brian Lillie sold 11,951 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $981.64, for a total transaction of $11,731,579.64. Following the transaction, the director owned 13,959 shares in the company, valued at $13,702,712.76. This represents a 46.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 3,210 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $3,062,179.50. Following the transaction, the insider owned 81,488 shares of the company’s stock, valued at approximately $77,735,477.60. This represents a 3.79% decrease in their ownership of the stock. 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. Insiders have sold 41,260 shares of company stock valued at $38,859,220 in the last 90 days. Insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LITE shares. Citic Securities lifted their price target on shares of Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. 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. Citigroup reaffirmed a “buy” rating on shares of Lumentum in a research note on Thursday, July 16th. Stifel Nicolaus lifted their target price on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lumentum in a research report on Friday, July 17th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,012.67.

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.