Alliancebernstein L.P. Has $176.56 Million Stock Position in Lumentum Holdings Inc. $LITE

Alliancebernstein L.P. raised its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 4.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,085,119 shares of the technology company’s stock after acquiring an additional 45,953 shares during the period. Alliancebernstein L.P. owned approximately 1.53% of Lumentum worth $176,560,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of Lumentum by 363.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares in the last quarter. MAI Capital Management boosted its stake in Lumentum by 27.0% in the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after acquiring an additional 96 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of Lumentum during the 3rd quarter valued at approximately $49,000. Cullen Frost Bankers Inc. bought a new position in shares of Lumentum during the 3rd quarter valued at approximately $49,000. Finally, Huntington National Bank increased its stake in shares of Lumentum by 4,125.0% during the 3rd quarter. Huntington National Bank now owns 338 shares of the technology company’s stock worth $55,000 after purchasing an additional 330 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

LITE has been the topic of several research analyst reports. UBS Group upped their price objective on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Barclays upped their price target on Lumentum to $750.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Stifel Nicolaus lifted their price objective on Lumentum to $800.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Susquehanna lifted their price objective on Lumentum to $550.00 and gave the stock a “positive” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $550.38.

Insiders Place Their Bets

In other news, Director Penny Herscher sold 4,849 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $535.48, for a total value of $2,596,542.52. Following the transaction, the director owned 6,057 shares of the company’s stock, valued at $3,243,402.36. This represents a 44.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Wajid Ali sold 5,302 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the transaction, the chief financial officer owned 66,287 shares of the company’s stock, valued at $45,812,934.31. This trade represents a 7.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 65,775 shares of company stock valued at $38,851,343 over the last 90 days. 0.43% of the stock is owned by insiders.

Lumentum Price Performance

Lumentum stock opened at $624.84 on Tuesday. The firm has a market capitalization of $44.61 billion, a P/E ratio of 191.67 and a beta of 1.38. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $783.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The business has a fifty day moving average price of $515.37 and a 200-day moving average price of $335.29.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. The business had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The firm’s quarterly revenue was up 65.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities research analysts forecast that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

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.