Advisors Asset Management Inc. Boosts Stock Holdings in Lumentum Holdings Inc. $LITE

Advisors Asset Management Inc. grew its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 592.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,778 shares of the technology company’s stock after purchasing an additional 6,655 shares during the quarter. Advisors Asset Management Inc.’s holdings in Lumentum were worth $1,266,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of LITE. Steigerwald Gordon & Koch Inc. bought a new position in Lumentum in the third quarter worth approximately $49,000. Cullen Frost Bankers Inc. purchased a new position in shares of Lumentum in the 3rd quarter valued at $49,000. FNY Investment Advisers LLC purchased a new position in shares of Lumentum in the 2nd quarter valued at $38,000. MAI Capital Management raised its position in shares of Lumentum by 27.0% in the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after acquiring an additional 96 shares in the last quarter. Finally, Quent Capital LLC purchased a new stake in shares of Lumentum during the 3rd quarter worth $95,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LITE shares. Mizuho raised their price objective on Lumentum to $525.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Lumentum in a research report on Monday, December 29th. Barclays raised their price target on shares of Lumentum to $475.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Finally, Wall Street Zen cut shares of Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Lumentum currently has a consensus rating of “Moderate Buy” and a consensus target price of $444.94.

Insider Transactions at Lumentum

In related news, insider Yuen Wupen sold 822 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total transaction of $212,865.12. Following the completion of the transaction, the insider owned 95,077 shares of the company’s stock, valued at $24,621,139.92. This trade represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Pamela Fletcher sold 3,421 shares of the business’s 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 owned 10,561 shares of the company’s stock, valued at $2,888,750.33. This represents a 24.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,118 shares of company stock worth $32,759,088 in the last ninety days. Corporate insiders own 0.43% of the company’s stock.

Lumentum Price Performance

NASDAQ LITE opened at $562.74 on Tuesday. The company has a market cap of $40.18 billion, a price-to-earnings ratio of 172.62 and a beta of 1.51. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The stock’s fifty day moving average price is $397.59 and its 200 day moving average price is $259.02. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $603.83.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. The company had revenue of $665.50 million during the quarter, compared to analysts’ expectations of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The firm’s revenue was up 65.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities research analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Lumentum Company 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.