Ameritas Investment Partners Inc. Has $2.89 Million Stock Position in Lumentum Holdings Inc. $LITE

Ameritas Investment Partners Inc. cut its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,371 shares of the technology company’s stock after selling 295 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Lumentum were worth $2,886,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Lumentum by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock valued at $463,198,000 after acquiring an additional 47,811 shares during the period. PointState Capital LP acquired a new position in shares of Lumentum during the 1st quarter worth about $213,503,000. Atreides Management LP boosted its stake in Lumentum by 6.8% during the 1st quarter. Atreides Management LP now owns 1,875,257 shares of the technology company’s stock valued at $116,904,000 after purchasing an additional 119,938 shares during the period. Alliancebernstein L.P. boosted its stake in Lumentum by 1.1% during the 1st quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company’s stock valued at $107,913,000 after purchasing an additional 19,085 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Lumentum by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,260,940 shares of the technology company’s stock valued at $119,884,000 after buying an additional 10,027 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling at Lumentum

In other news, Director Julia Suzanne Johnson sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $270.39, for a total transaction of $2,703,900.00. Following the completion of the sale, the director owned 12,037 shares of the company’s stock, valued at approximately $3,254,684.43. This trade represents a 45.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Yuen Wupen sold 822 shares of Lumentum stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total transaction of $212,865.12. Following the completion of the transaction, the insider owned 95,077 shares of the company’s stock, valued at $24,621,139.92. This trade represents a 0.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 31,893 shares of company stock worth $7,727,063 over the last ninety days. Company insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on LITE. Mizuho started coverage on Lumentum in a report on Tuesday, November 18th. They set an “outperform” rating and a $290.00 price target for the company. Stifel Nicolaus set a $220.00 target price on shares of Lumentum in a research note on Wednesday, November 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of Lumentum in a report on Wednesday, November 19th. Susquehanna boosted their price objective on shares of Lumentum from $140.00 to $190.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $240.00 price objective on shares of Lumentum in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $200.31.

Lumentum Trading Up 17.1%

Shares of LITE opened at $299.36 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77. The stock has a market cap of $21.22 billion, a PE ratio of 200.91 and a beta of 1.48. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $300.00. The stock has a 50 day simple moving average of $192.17 and a 200-day simple moving average of $134.00.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The firm had revenue of $533.80 million for the quarter, compared to analysts’ expectations of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The business’s revenue was up 58.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, sell-side analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

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.