Global Retirement Partners LLC Has $359,000 Stock Holdings in Lumentum Holdings Inc. $LITE

Global Retirement Partners LLC raised its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 651.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,209 shares of the technology company’s stock after acquiring an additional 1,915 shares during the quarter. Global Retirement Partners LLC’s holdings in Lumentum were worth $359,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. MAI Capital Management grew its stake in shares of Lumentum by 27.0% in the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after purchasing an additional 96 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Lumentum by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the technology company’s stock worth $1,854,000 after buying an additional 100 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Lumentum by 0.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 16,340 shares of the technology company’s stock valued at $1,553,000 after buying an additional 115 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Lumentum by 20.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 695 shares of the technology company’s stock valued at $113,000 after buying an additional 119 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Lumentum by 5.8% in the second quarter. Bessemer Group Inc. now owns 2,473 shares of the technology company’s stock valued at $234,000 after buying an additional 136 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on LITE. Morgan Stanley lifted their price objective on Lumentum from $190.00 to $304.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. B. Riley boosted their price target on shares of Lumentum from $83.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Susquehanna lifted their target price on shares of Lumentum from $140.00 to $190.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Finally, Raymond James Financial lowered shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 target price on the stock. in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $230.25.

Lumentum Price Performance

LITE stock opened at $351.42 on Friday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The company’s 50-day moving average is $316.21 and its 200-day moving average is $197.36. The stock has a market capitalization of $24.92 billion, a PE ratio of 235.85 and a beta of 1.51. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $402.79.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, topping 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 business had revenue of $533.80 million for the quarter, compared to the consensus estimate of $525.10 million. During the same period in the prior year, the business earned $0.18 EPS. The firm’s revenue for the quarter was up 58.4% on a year-over-year basis. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Equities research analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Lumentum news, CAO Matthew Joseph Sepe sold 4,232 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer directly owned 43,544 shares of the company’s stock, valued at approximately $10,434,448.72. This trade represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julia Suzanne Johnson sold 10,000 shares of Lumentum stock in a transaction dated 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 transaction, the director owned 12,037 shares of the company’s stock, valued at $3,254,684.43. This represents a 45.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 28,612 shares of company stock worth $7,317,398 over the last quarter. Corporate insiders own 0.43% of the company’s stock.

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.