92,957 Shares in Lumentum Holdings Inc. $LITE Acquired by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 92,957 shares of the technology company’s stock, valued at approximately $15,125,000. Braun Stacey Associates Inc. owned about 0.13% of Lumentum at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LITE. Federation des caisses Desjardins du Quebec lifted its stake in shares of Lumentum by 18.4% during the first quarter. Federation des caisses Desjardins du Quebec now owns 24,528 shares of the technology company’s stock worth $1,529,000 after buying an additional 3,819 shares during the period. Advisors Asset Management Inc. lifted its position in Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after acquiring an additional 254 shares during the period. Alliancebernstein L.P. increased its holdings 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 purchasing an additional 19,085 shares during the period. NewEdge Advisors LLC raised its stake in shares of Lumentum by 109.9% in the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after purchasing an additional 6,275 shares during the last quarter. Finally, PointState Capital LP purchased a new position in shares of Lumentum in the first quarter worth about $213,503,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Trading Down 0.7%

Shares of Lumentum stock opened at $368.59 on Friday. The firm has a 50-day simple moving average of $295.30 and a two-hundred day simple moving average of $185.52. 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 fifty-two week low of $45.65 and a fifty-two week high of $401.60. The company has a market cap of $26.13 billion, a P/E ratio of 247.38 and a beta of 1.51.

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 the consensus estimate of $1.03 by $0.07. The firm had revenue of $533.80 million during the quarter, compared to analyst estimates of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.Lumentum’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 EPS. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. As a group, equities analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Lumentum

In other Lumentum news, Director Pamela Fletcher sold 3,421 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total transaction of $935,746.13. Following the transaction, the director directly owned 10,561 shares of the company’s stock, valued at $2,888,750.33. This trade represents a 24.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jae Kim sold 1,367 shares of Lumentum stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $234.14, for a total transaction of $320,069.38. Following the completion of the sale, the senior vice president owned 38,570 shares in the company, valued at approximately $9,030,779.80. This trade represents a 3.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 28,612 shares of company stock worth $7,317,398. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LITE has been the topic of a number of recent research reports. Wolfe Research reiterated an “outperform” rating and issued a $240.00 target price on shares of Lumentum in a research report on Wednesday, November 5th. Northland Securities set a $350.00 price objective on shares of Lumentum in a research note on Wednesday, December 3rd. Needham & Company LLC raised their target price on shares of Lumentum to $290.00 and gave the stock a “buy” rating in a report on Monday, November 24th. Wall Street Zen lowered shares of Lumentum from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Morgan Stanley lifted their price objective on Lumentum from $190.00 to $304.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $222.13.

Lumentum Profile

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.