Public Employees Retirement System of Ohio Increases Stake in Lumentum Holdings Inc. $LITE

Public Employees Retirement System of Ohio grew its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,304 shares of the technology company’s stock after acquiring an additional 310 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Lumentum were worth $2,120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Lumentum in the 1st quarter valued at about $25,000. Rakuten Securities Inc. raised its position in Lumentum by 164.4% during the 1st quarter. Rakuten Securities Inc. now owns 476 shares of the technology company’s stock worth $30,000 after buying an additional 296 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Lumentum by 103.2% in the 1st quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company’s stock valued at $32,000 after purchasing an additional 260 shares during the period. SVB Wealth LLC acquired a new stake in shares of Lumentum during the 1st quarter valued at about $40,000. Finally, UMB Bank n.a. increased its holdings in Lumentum by 132.9% in the 1st quarter. UMB Bank n.a. now owns 785 shares of the technology company’s stock worth $49,000 after acquiring an additional 448 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $169.75 on Friday. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $178.49. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.37 and a quick ratio of 3.18. The stock has a fifty day moving average price of $136.35 and a 200 day moving average price of $96.15. The company has a market cap of $11.87 billion, a PE ratio of 738.04 and a beta of 1.42.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, August 12th. The technology company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.The company had revenue of $480.70 million during the quarter, compared to the consensus estimate of $465.27 million. During the same quarter last year, the company earned $0.06 earnings per share. Lumentum’s quarterly revenue was up 55.9% compared to the same quarter last year. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Sell-side analysts forecast that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Wajid Ali sold 2,526 shares of Lumentum stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $124.39, for a total transaction of $314,209.14. Following the completion of the sale, the chief financial officer owned 77,087 shares in the company, valued at approximately $9,588,851.93. This trade represents a 3.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Julia Suzanne Johnson sold 1,250 shares of Lumentum stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $119.06, for a total value of $148,825.00. Following the sale, the director owned 22,037 shares of the company’s stock, valued at approximately $2,623,725.22. This represents a 5.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,687 shares of company stock valued at $4,759,552. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LITE shares. Bank of America raised shares of Lumentum from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $78.00 to $135.00 in a report on Wednesday, August 13th. Raymond James Financial upped their target price on shares of Lumentum from $125.00 to $145.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 13th. Morgan Stanley boosted their price target on shares of Lumentum from $92.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 13th. Stifel Nicolaus upped their target price on shares of Lumentum from $100.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen upgraded shares of Lumentum from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and an average target price of $133.36.

Lumentum Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.