State of Alaska Department of Revenue Sells 315 Shares of Lumentum Holdings Inc. $LITE

State of Alaska Department of Revenue decreased its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,788 shares of the technology company’s stock after selling 315 shares during the quarter. State of Alaska Department of Revenue’s holdings in Lumentum were worth $740,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Lumentum in the 1st quarter worth $25,000. Rakuten Securities Inc. grew its stake in shares of Lumentum by 164.4% in the 1st quarter. Rakuten Securities Inc. now owns 476 shares of the technology company’s stock worth $30,000 after acquiring an additional 296 shares in the last quarter. Golden State Wealth Management LLC grew 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 worth $32,000 after acquiring an additional 260 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of Lumentum in the 1st quarter worth about $40,000. Finally, UMB Bank n.a. boosted its holdings in shares of 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 buying an additional 448 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Insider Transactions at Lumentum

In other news, insider Yuen Wupen sold 3,281 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $124.86, for a total value of $409,665.66. Following the sale, the insider directly owned 101,273 shares of the company’s stock, valued at approximately $12,644,946.78. This represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Julia Suzanne Johnson sold 1,250 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $119.06, for a total transaction of $148,825.00. Following the completion of the sale, the director directly owned 22,037 shares in the company, valued at approximately $2,623,725.22. The trade was a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,687 shares of company stock valued at $4,759,552. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LITE shares. Barclays boosted their price target on shares of Lumentum from $135.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, September 9th. Citigroup started coverage on shares of Lumentum in a report on Friday, August 29th. They issued a “buy” rating and a $165.00 price target on the stock. Wolfe Research started coverage on shares of Lumentum in a report on Tuesday, August 12th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of Lumentum from $123.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Finally, 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 report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.36.

Lumentum Price Performance

NASDAQ LITE opened at $157.15 on Wednesday. The company has a market cap of $10.98 billion, a PE ratio of 683.26 and a beta of 1.42. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $178.49. The company has a quick ratio of 3.18, a current ratio of 4.37 and a debt-to-equity ratio of 2.26. The firm’s 50-day simple moving average is $139.56 and its two-hundred day simple moving average is $98.29.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, August 12th. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The business had revenue of $480.70 million for the quarter, compared to the consensus estimate of $465.27 million. During the same period in the prior year, the firm earned $0.06 earnings per share. The company’s 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. Research analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Lumentum Company 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.