Lumentum Holdings Inc. $LITE Shares Sold by Rokos Capital Management LLP

Rokos Capital Management LLP lowered its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 42.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 115,593 shares of the technology company’s stock after selling 85,031 shares during the period. Lumentum accounts for approximately 0.6% of Rokos Capital Management LLP’s holdings, making the stock its 15th biggest position. Rokos Capital Management LLP’s holdings in Lumentum were worth $81,235,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Empowered Funds LLC boosted its stake in shares of Lumentum by 21.5% during the 1st quarter. Empowered Funds LLC now owns 5,075 shares of the technology company’s stock worth $3,567,000 after acquiring an additional 899 shares in the last quarter. FACT Capital LP acquired a new stake in shares of Lumentum during the first quarter worth $1,316,000. JAT Capital Mgmt LP purchased a new stake in shares of Lumentum during the first quarter valued at $2,108,000. Estuary Capital Management LP purchased a new stake in shares of Lumentum during the first quarter valued at $37,070,000. Finally, Maverick Capital Ltd. acquired a new position in shares of Lumentum in the 1st quarter valued at $1,526,000. 94.05% of the stock is owned by institutional investors.

Lumentum Trading Down 6.7%

NASDAQ:LITE opened at $711.96 on Tuesday. The stock has a market cap of $55.39 billion, a PE ratio of 131.84 and a beta of 1.48. Lumentum Holdings Inc. has a fifty-two week low of $101.61 and a fifty-two week high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The stock’s 50-day moving average is $841.23 and its two-hundred day moving average is $730.69.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The business had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The firm’s revenue was up 90.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, equities research analysts forecast that Lumentum Holdings Inc. will post 6.42 earnings per share for the current fiscal year.

Insider Transactions at Lumentum

In other Lumentum news, insider Yuen Wupen sold 3,210 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $3,062,179.50. Following the completion of the sale, the insider owned 81,488 shares in the company, valued at $77,735,477.60. This represents a 3.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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, insider Vincent Retort sold 3,183 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 $3,036,422.85. Following the sale, the insider directly owned 89,563 shares of the company’s stock, valued at $85,438,623.85. This trade represents a 3.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 quarter, insiders have sold 41,260 shares of company stock worth $38,859,220. 0.43% of the stock is owned by company insiders.

Analysts Set New Price Targets

LITE has been the topic of several recent analyst reports. Susquehanna boosted their price objective on Lumentum from $550.00 to $1,100.00 and gave the stock a “positive” rating in a report on Monday, April 20th. Mizuho set a $1,100.00 target price on shares of Lumentum in a report on Wednesday, May 6th. Citigroup reissued a “buy” rating on shares of Lumentum in a research report on Thursday, July 16th. Craig Hallum boosted their price target on shares of Lumentum from $900.00 to $1,150.00 in a report on Wednesday, May 6th. Finally, Rosenblatt Securities upped their price target on shares of Lumentum from $900.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Fourteen 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 company has a consensus rating of “Moderate Buy” and a consensus target price 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.