D.A. Davidson & CO. Invests $303,000 in Lumentum Holdings Inc. $LITE

D.A. Davidson & CO. acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,861 shares of the technology company’s stock, valued at approximately $303,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Leeward Investments LLC MA increased its holdings in shares of Lumentum by 14.8% during the second quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock valued at $49,092,000 after acquiring an additional 66,541 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in Lumentum in the 3rd quarter worth approximately $1,512,000. Braun Stacey Associates Inc. purchased a new stake in Lumentum during the 3rd quarter worth approximately $15,125,000. Schroder Investment Management Group increased its stake in Lumentum by 1.9% during the 2nd quarter. Schroder Investment Management Group now owns 881,813 shares of the technology company’s stock valued at $83,825,000 after purchasing an additional 16,200 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Lumentum by 198.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 123,229 shares of the technology company’s stock valued at $20,051,000 after purchasing an additional 81,906 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Stock Down 8.2%

Lumentum stock opened at $331.62 on Thursday. The business’s 50-day moving average price is $324.46 and its 200 day moving average price is $203.35. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77. The firm has a market cap of $23.51 billion, a price-to-earnings ratio of 222.57 and a beta of 1.51. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $402.79.

Lumentum (NASDAQ:LITE) last released 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. The business had revenue of $533.80 million for 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%.The business’s quarterly revenue was up 58.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 EPS. 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 year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LITE. Weiss Ratings reissued a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 29th. Wolfe Research reaffirmed an “outperform” rating and set a $240.00 price target on shares of Lumentum in a research report on Wednesday, November 5th. Stifel Nicolaus set a $220.00 price objective on Lumentum in a report on Wednesday, November 5th. Barclays lifted their target price on Lumentum from $165.00 to $181.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. Finally, Raymond James Financial downgraded shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price target on the stock. in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $230.25.

Insider Activity at Lumentum

In related news, insider Yuen Wupen sold 822 shares of Lumentum stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $258.96, for a total value of $212,865.12. Following the completion of the transaction, the insider owned 95,077 shares in the company, valued at $24,621,139.92. The trade was a 0.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $243.32, for a total value of $1,751,904.00. Following the completion of the transaction, the director directly 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 SEC filing for this sale provides additional information. Insiders have sold 28,612 shares of company stock valued at $7,317,398 in the last quarter. 0.43% of the stock is currently 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.