Geneos Wealth Management Inc. Buys 726 Shares of Lumentum Holdings Inc. $LITE

Geneos Wealth Management Inc. increased its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 5,584.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 739 shares of the technology company’s stock after acquiring an additional 726 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Lumentum were worth $519,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LITE. Hilton Head Capital Partners LLC bought a new position in Lumentum during the 1st quarter worth approximately $25,000. Sachetta LLC increased its position in shares of Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after buying an additional 19 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Lumentum during the fourth quarter worth $28,000. Truvestments Capital LLC raised its stake in Lumentum by 300.0% during the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after buying an additional 57 shares during the last quarter. Finally, Triumph Capital Management bought a new position in Lumentum during the fourth quarter worth $30,000. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LITE has been the topic of a number of research analyst reports. Morgan Stanley upped their price target on shares of Lumentum from $710.00 to $900.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and issued a $1,014.00 price objective on shares of Lumentum in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Lumentum in a research note on Tuesday, April 21st. Loop Capital upped their target price on Lumentum from $900.00 to $1,400.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $1,200.00 target price on shares of Lumentum in a research note on Wednesday, May 6th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $1,012.67.

Lumentum Stock Performance

Shares of Lumentum stock opened at $765.55 on Tuesday. Lumentum Holdings Inc. has a one year low of $97.55 and a one year high of $1,085.68. The firm has a market capitalization of $59.56 billion, a price-to-earnings ratio of 141.77 and a beta of 1.48. The business has a 50-day simple moving average of $859.31 and a 200 day simple moving average of $715.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.10. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The business had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. During the same quarter in the prior year, the company earned $0.57 earnings per share. The company’s quarterly revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, research analysts anticipate that Lumentum Holdings Inc. will post 6.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lumentum news, Director Isaac Hosojiro Harris sold 1,416 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the transaction, the director directly owned 6,984 shares of the company’s stock, valued at approximately $6,984,558.72. This trade represents a 16.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 2,487 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $2,372,473.65. Following the completion of the transaction, the chief financial officer directly owned 60,951 shares in the company, valued at $58,144,206.45. This trade represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 41,260 shares of company stock worth $38,859,220 in the last quarter. Insiders own 0.43% of the company’s stock.

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.