BlackRock Amends Lumentum Holdings Stake (SC 13G/A)
Ticker: LITE · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1633978
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Lumentum stake, signaling a potential shift in institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in its ownership of Lumentum Holdings Inc. common stock as of December 31, 2023. This filing, Amendment No. 9, shows BlackRock's continued significant, though potentially adjusted, passive investment in Lumentum. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or investment strategy for Lumentum, potentially influencing other investors' perceptions and the stock's performance.
Why It Matters
This filing shows BlackRock's updated passive ownership in Lumentum, which can influence market sentiment and other institutional investors' decisions regarding the stock.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate, significant risk to the company or its stock.
Analyst Insight
An investor should monitor subsequent filings from BlackRock or other major institutions to understand the magnitude of any changes in their Lumentum holdings, as this could indicate a broader trend in institutional interest.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Lumentum Holdings Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 9 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 9'.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
Which company's securities are being reported on?
The securities of Lumentum Holdings Inc. are being reported on, as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Lumentum Holdings Inc.'.
What was the date of the event that triggered this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement)'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Lumentum Holdings Inc. is 55024U109, as listed under '(CUSIP Number)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding Lumentum Holdings Inc. (LITE).