Lumentum Holdings Inc. $LITE Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 707.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 994,478 shares of the technology company’s stock after buying an additional 871,249 shares during the quarter. Assenagon Asset Management S.A. owned about 1.40% of Lumentum worth $366,555,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of LITE. Arrowstreet Capital Limited Partnership raised its holdings in shares of Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after purchasing an additional 1,545,199 shares during the last quarter. Hood River Capital Management LLC boosted its holdings in Lumentum by 82.1% in the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after purchasing an additional 994,551 shares during the last quarter. Norges Bank purchased a new stake in Lumentum in the second quarter valued at $82,983,000. Holocene Advisors LP acquired a new stake in Lumentum during the 3rd quarter worth about $136,401,000. Finally, WT Asset Management Ltd raised its stake in shares of Lumentum by 170.0% during the 3rd quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock valued at $115,558,000 after buying an additional 447,208 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group upped their target price on Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Rosenblatt Securities reissued a “buy” rating and issued a $900.00 price target on shares of Lumentum in a report on Wednesday, March 18th. Citigroup upped their price objective on Lumentum to $560.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Mizuho raised their price objective on shares of Lumentum to $645.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, Susquehanna lifted their target price on shares of Lumentum to $550.00 and gave the company a “positive” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $575.06.

Lumentum Stock Performance

NASDAQ:LITE opened at $728.95 on Tuesday. 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 stock has a market capitalization of $52.05 billion, a PE ratio of 223.60 and a beta of 1.38. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $787.45. The company has a fifty day moving average of $549.93 and a two-hundred day moving average of $355.60.

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

Insider Transactions at Lumentum

In other news, CFO Wajid Ali sold 5,302 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $691.13, for a total value of $3,664,371.26. Following the transaction, the chief financial officer owned 66,287 shares in the company, valued at $45,812,934.31. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Yuen Wupen sold 3,157 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total value of $1,698,466.00. Following the sale, the insider owned 88,439 shares of the company’s stock, valued at $47,580,182. The trade was a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 65,775 shares of company stock valued at $38,851,343 in the last 90 days. Corporate insiders own 0.43% of the company’s stock.

About Lumentum

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.