Avanda Investment Management Pte. Ltd. Purchases New Shares in Lumentum Holdings Inc. $LITE

Avanda Investment Management Pte. Ltd. acquired a new position in Lumentum Holdings Inc. (NASDAQ:LITE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 600 shares of the technology company’s stock, valued at approximately $515,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its position in Lumentum by 8,579.2% in 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 period. Norges Bank acquired a new stake in shares of Lumentum during the 4th quarter worth approximately $474,495,000. Value Aligned Research Advisors LLC bought a new stake in shares of Lumentum during the fourth quarter worth approximately $432,062,000. Situational Awareness LP lifted its holdings in 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 buying an additional 880,800 shares during the period. Finally, Aspex Management HK Ltd bought a new position in Lumentum in the fourth quarter valued at approximately $251,363,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. Lumentum Holdings Inc. has a 52-week low of $115.89 and a 52-week high of $1,085.68. The firm has a market cap of $77.74 billion, a price-to-earnings ratio of -10.54 and a beta of 1.50. The business’s fifty day moving average is $809.76 and its 200-day moving average is $790.21.

The technology company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.26. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $987.70 million. During the same period in the previous year, the business posted $0.88 earnings per share. The business’s quarterly revenue was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities analysts anticipate that Lumentum Holdings Inc. will post 19.76 EPS for the current fiscal year.

In related news, SVP Jae Kim sold 1,904 shares of Lumentum stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,576,169.28. Following the completion of the sale, the senior vice president owned 42,096 shares of the company’s stock, valued at approximately $34,847,910.72. This trade represents a 4.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 Yuen Wupen sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $827.82, for a total transaction of $1,241,730.00. Following the sale, the insider directly owned 100,434 shares of the com...