1,045 Shares in Lumentum Holdings Inc. $LITE Bought by Stratos Investment Management LLC

Stratos Investment Management LLC purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,045 shares of the technology company’s stock, valued at approximately $385,000.

A number of other large investors have also recently added to or reduced their stakes in LITE. EverSource Wealth Advisors LLC increased its stake in shares of Lumentum by 363.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after purchasing an additional 131 shares during the last quarter. Danske Bank A S bought a new stake in shares of Lumentum in the 3rd quarter valued at about $33,000. Chesapeake Asset Management LLC acquired a new stake in Lumentum in the 4th quarter valued at about $37,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Lumentum in the 3rd quarter valued at about $49,000. Finally, Cullen Frost Bankers Inc. bought a new position in Lumentum during the third quarter worth about $49,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Transactions at Lumentum

In other news, CFO Wajid Ali sold 5,302 shares of Lumentum stock in a transaction on Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the sale, the chief financial officer owned 66,287 shares of the company’s stock, valued at approximately $45,812,934.31. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Yuen Wupen sold 3,157 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the completion of the sale, the insider directly owned 88,439 shares of the company’s stock, valued at approximately $47,580,182. The trade was a 3.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 65,775 shares of company stock valued at $38,851,343. Company insiders own 0.43% of the company’s stock.

Lumentum Stock Performance

Shares of LITE stock opened at $826.88 on Friday. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $827.56. The company has a market capitalization of $59.04 billion, a PE ratio of 253.64 and a beta of 1.38. The firm has a 50 day moving average price of $622.91 and a two-hundred day moving average price of $391.32. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LITE. UBS Group upped their price objective on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Bank of America lifted their target price on Lumentum to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. boosted their target price on Lumentum to $565.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. B. Riley Financial upgraded Lumentum from a “neutral” rating to a “buy” rating and increased their price target for the company from $147.00 to $526.00 in a research note on Wednesday, February 4th. Finally, TD Cowen started coverage on Lumentum in a report on Thursday, March 12th. They set a “hold” rating and a $675.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $575.06.

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.