180 Wealth Advisors LLC Invests $259,000 in Lumentum Holdings Inc. $LITE

180 Wealth Advisors LLC purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,592 shares of the technology company’s stock, valued at approximately $259,000.

Several other hedge funds also recently made changes to their positions in the business. PointState Capital LP acquired a new stake in Lumentum in the 1st quarter valued at about $213,503,000. Hood River Capital Management LLC raised its stake in Lumentum by 82.1% in the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after buying an additional 994,551 shares during the period. Atreides Management LP lifted its position in shares of Lumentum by 6.8% in the first quarter. Atreides Management LP now owns 1,875,257 shares of the technology company’s stock valued at $116,904,000 after buying an additional 119,938 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Lumentum by 1.1% in the first quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company’s stock valued at $107,913,000 after buying an additional 19,085 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Lumentum by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,260,940 shares of the technology company’s stock worth $119,884,000 after acquiring an additional 10,027 shares during the period. 94.05% of the stock is owned by institutional investors.

Lumentum Stock Down 4.6%

Shares of LITE opened at $372.61 on Tuesday. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $401.60. The stock has a market capitalization of $26.42 billion, a price-to-earnings ratio of 250.08 and a beta of 1.52. The stock has a fifty day moving average of $282.92 and a 200-day moving average of $180.90.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LITE shares. JPMorgan Chase & Co. upped their price target on shares of Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 22nd. Morgan Stanley increased their target price on Lumentum from $190.00 to $304.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Wall Street Zen cut Lumentum from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Rosenblatt Securities upped their price objective on Lumentum to $380.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $222.13.

Insider Activity

In other Lumentum news, Director Pamela Fletcher sold 3,421 shares of Lumentum stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total value of $935,746.13. Following the sale, the director owned 10,561 shares of the company’s stock, valued at approximately $2,888,750.33. The trade was a 24.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Matthew Joseph Sepe sold 4,232 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $239.63, for a total value of $1,014,114.16. Following the completion of the transaction, the chief accounting officer owned 43,544 shares in the company, valued at approximately $10,434,448.72. The trade was a 8.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 28,612 shares of company stock valued at $7,317,398. 0.43% of the stock is currently owned by insiders.

About Lumentum

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.