Ariose Capital Management Ltd Invests $15.88 Million in Lumentum Holdings Inc. $LITE

Ariose Capital Management Ltd bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 97,609 shares of the technology company’s stock, valued at approximately $15,882,000. Lumentum comprises about 5.3% of Ariose Capital Management Ltd’s holdings, making the stock its 8th largest position. Ariose Capital Management Ltd owned 0.14% of Lumentum at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in shares of Lumentum in the 2nd quarter valued at about $38,000. MAI Capital Management lifted its stake in Lumentum by 27.0% in the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after buying an additional 96 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Lumentum by 20.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 695 shares of the technology company’s stock worth $113,000 after buying an additional 119 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Lumentum by 224.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 704 shares of the technology company’s stock worth $67,000 after buying an additional 487 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Lumentum by 121.3% in the 2nd quarter. Allworth Financial LP now owns 737 shares of the technology company’s stock valued at $70,000 after acquiring an additional 404 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $386.11 on Friday. The stock has a market cap of $27.38 billion, a price-to-earnings ratio of 259.14 and a beta of 1.51. 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 firm’s 50-day simple moving average is $299.44 and its 200 day simple moving average is $188.31.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $525.10 million. During the same period in the prior year, the business posted $0.18 earnings per share. The company’s quarterly revenue was up 58.4% compared to the same quarter last year. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. As a group, research analysts anticipate that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Morgan Stanley upped their price objective on shares of Lumentum from $190.00 to $304.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Northland Securities set a $350.00 price objective on shares of Lumentum in a research report on Wednesday, December 3rd. B. Riley raised their target price on Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Lumentum in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Lumentum presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.13.

Insider Buying and Selling

In other Lumentum news, insider Yuen Wupen sold 822 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total value of $212,865.12. Following the completion of the sale, the insider directly owned 95,077 shares of the company’s stock, valued at approximately $24,621,139.92. This represents a 0.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jae Kim sold 170 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $246.00, for a total transaction of $41,820.00. Following the completion of the sale, the senior vice president owned 38,400 shares of the company’s stock, valued at approximately $9,446,400. This trade represents a 0.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,612 shares of company stock valued at $7,317,398 over the last 90 days. 0.43% of the stock is currently owned by company 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.