10,435 Shares in Lumentum Holdings Inc. $LITE Bought by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC bought a new stake in 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 (SEC). The institutional investor bought 10,435 shares of the technology company’s stock, valued at approximately $1,698,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. D.A. Davidson & CO. bought a new stake in shares of Lumentum in the 3rd quarter valued at about $303,000. TriaGen Wealth Management LLC acquired a new position in Lumentum during the third quarter valued at approximately $269,000. Gateway Investment Advisers LLC increased its stake in Lumentum by 86.3% in the third quarter. Gateway Investment Advisers LLC now owns 9,575 shares of the technology company’s stock valued at $1,558,000 after purchasing an additional 4,435 shares in the last quarter. Ariose Capital Management Ltd acquired a new stake in Lumentum in the third quarter worth $15,882,000. Finally, Global Retirement Partners LLC raised its holdings in Lumentum by 651.4% in the third quarter. Global Retirement Partners LLC now owns 2,209 shares of the technology company’s stock worth $359,000 after purchasing an additional 1,915 shares during the period. Institutional investors own 94.05% of the company’s stock.

Lumentum Trading Down 7.5%

NASDAQ:LITE opened at $357.05 on Tuesday. The company has a market cap of $25.31 billion, a P/E ratio of 239.63 and a beta of 1.51. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $401.60. The business has a 50 day moving average price of $302.70 and a two-hundred day moving average price of $190.90. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77.

Lumentum (NASDAQ:LITE) last announced its earnings results 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 net margin of 6.11% and a return on equity of 4.62%. The business had revenue of $533.80 million during the quarter, compared to analysts’ expectations of $525.10 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The firm’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, analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on LITE shares. Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a research report on Monday, December 29th. Barclays boosted their target price on Lumentum from $165.00 to $181.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Raymond James Financial lowered Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price target on the stock. in a research report on Friday, October 31st. Mizuho boosted their price objective on Lumentum to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Finally, Wall Street Zen cut Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Two equities 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 company’s stock. Based on data from MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and an average price target of $222.13.

Insider Transactions at Lumentum

In other Lumentum news, Director Isaac Hosojiro Harris sold 7,200 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $243.32, for a total transaction of $1,751,904.00. Following the transaction, the director owned 9,764 shares of the company’s stock, valued at $2,375,776.48. The trade was a 42.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew Joseph Sepe sold 4,232 shares of the 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 sale, the chief accounting officer directly owned 43,544 shares of the company’s stock, valued at approximately $10,434,448.72. The trade was a 8.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 28,612 shares of company stock valued at $7,317,398. 0.43% of the stock is owned by insiders.

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.