Brookstone Capital Management Buys Shares of 704 Lumentum Holdings Inc. $LITE

Brookstone Capital Management bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 704 shares of the technology company’s stock, valued at approximately $259,000.

Other institutional investors also recently made changes to their positions in the company. 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 purchasing an additional 131 shares in the last quarter. Danske Bank A S acquired a new position in shares of Lumentum in the 3rd quarter valued at approximately $33,000. Chesapeake Asset Management LLC acquired a new position in shares of Lumentum in the 4th quarter valued at approximately $37,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Lumentum in the 3rd quarter valued at approximately $49,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Lumentum in the 3rd quarter valued at approximately $49,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lumentum

In other Lumentum news, Director Penny Herscher sold 4,000 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $597.29, for a total value of $2,389,160.00. Following the sale, the director directly owned 2,057 shares of the company’s stock, valued at $1,228,625.53. This trade represents a 66.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vincent Retort sold 3,441 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total value of $1,878,028.98. Following the completion of the sale, the insider directly owned 95,975 shares in the company, valued at $52,381,235.50. This represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 65,775 shares of company stock valued at $38,851,343. 0.43% of the stock is currently owned by insiders.

Lumentum Stock Performance

LITE stock opened at $815.75 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The firm has a market cap of $58.24 billion, a P/E ratio of 250.23 and a beta of 1.38. Lumentum Holdings Inc. has a 12-month low of $48.51 and a 12-month high of $836.91. The stock’s 50 day simple moving average is $640.61 and its 200 day simple moving average is $401.71.

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

Analyst Ratings Changes

A number of brokerages have issued reports on LITE. Mizuho upped their target price on Lumentum to $645.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Citigroup upped their target price on Lumentum to $560.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. B. Riley Financial raised Lumentum from a “neutral” rating to a “buy” rating and upped their target price for the company from $147.00 to $526.00 in a research report on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on Lumentum to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Finally, Stifel Nicolaus upped their price target on Lumentum to $800.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $575.06.

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.