Csenge Advisory Group Takes Position in Lumentum Holdings Inc. $LITE

Csenge Advisory Group purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 592 shares of the technology company’s stock, valued at approximately $508,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership grew its holdings in Lumentum by 8,579.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after buying an additional 1,545,199 shares in the last quarter. Norges Bank purchased a new stake in shares of Lumentum in the fourth quarter worth about $474,495,000. Value Aligned Research Advisors LLC purchased a new stake in shares of Lumentum in the fourth quarter worth about $432,062,000. Situational Awareness LP boosted 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 during the period. Finally, Aspex Management HK Ltd bought a new position in shares of Lumentum in the fourth quarter valued at approximately $251,363,000. 94.05% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Jae Kim sold 1,366 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $909.43, for a total transaction of $1,242,281.38. Following the transaction, the senior vice president owned 45,973 shares of the company’s stock, valued at approximately $41,809,225.39. This trade represents a 2.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Isaac Hosojiro Harris sold 1,416 shares of Lumentum stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the completion of the transaction, the director owned 6,984 shares in the company, valued at approximately $6,984,558.72. The trade was a 16.86% 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. In the last 90 days, insiders sold 9,965 shares of company stock valued at $8,993,110. Corporate insiders own 0.43% of the company’s stock.

Lumentum Stock Performance

Shares of NASDAQ LITE opened at $879.28 on Friday. The stock’s 50-day moving average is $810.86 and its 200 day moving average is $789.68. The stock has a market cap of $78.87 billion, a price-to-earnings ratio of -10.70 and a beta of 1.50. Lumentum Holdings Inc. has a 1-year low of $115.21 and a 1-year high of $1,085.68. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business’s quarterly revenue was up 109.3% on a year-over-year basis. During the same period last year, the business earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, sell-side analysts anticipate that Lumentum Holdings Inc. will post 16.95 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group set a $820.00 target price on shares of Lumentum in a report on Wednesday, August 12th. Raymond James Financial reissued an “outperform” rating and issued a $1,036.00 price target on shares of Lumentum in a report on Wednesday, August 12th. Zacks Research lowered shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Citic Securities upped their price target on shares of Lumentum from $620.00 to $1,186.00 in a report on Monday, May 11th. Finally, Bank of America dropped their price objective on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,044.67.

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.