Nisa Investment Advisors LLC Buys 1,630 Shares of Lumentum Holdings Inc. $LITE

Nisa Investment Advisors LLC increased its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 248.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,287 shares of the technology company’s stock after purchasing an additional 1,630 shares during the period. Nisa Investment Advisors LLC’s holdings in Lumentum were worth $843,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Chesapeake Asset Management LLC acquired a new position in shares of Lumentum during the 4th quarter worth about $37,000. EverSource Wealth Advisors LLC raised its position in shares of Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after acquiring an additional 131 shares during the period. Danske Bank A S bought a new position in Lumentum during the 3rd quarter worth approximately $33,000. MassMutual Private Wealth & Trust FSB boosted its stake in Lumentum by 58.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock worth $76,000 after acquiring an additional 76 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in Lumentum during the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on LITE. Susquehanna upped their target price on shares of Lumentum to $550.00 and gave the company a “positive” rating in a research note on Wednesday, February 4th. Stifel Nicolaus boosted their price target on shares of Lumentum to $800.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Rosenblatt Securities restated a “buy” rating and issued a $900.00 price objective on shares of Lumentum in a research report on Wednesday, March 18th. Needham & Company LLC raised their price objective on Lumentum to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, Citigroup lifted their target price on Lumentum to $560.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Two research 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $575.06.

Lumentum Price Performance

NASDAQ LITE opened at $826.88 on Friday. The firm’s 50 day moving average is $622.91 and its 200-day moving average is $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. The company has a market capitalization of $59.04 billion, a PE ratio of 253.64 and a beta of 1.38. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $827.56.

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

Insider Buying and Selling at Lumentum

In related news, Director Penny Herscher sold 4,849 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $535.48, for a total transaction of $2,596,542.52. Following the completion of the transaction, the director directly owned 6,057 shares of the company’s stock, valued at approximately $3,243,402.36. This represents a 44.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Yuen Wupen sold 3,157 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the completion of the transaction, the insider owned 88,439 shares of the company’s stock, valued at approximately $47,580,182. This represents a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 65,775 shares of company stock valued at $38,851,343. 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.