Baader Bank Aktiengesellschaft Buys Shares of 6,890 Lumentum Holdings Inc. $LITE

Baader Bank Aktiengesellschaft purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,890 shares of the technology company’s stock, valued at approximately $1,121,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hood River Capital Management LLC boosted its position in shares of Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after buying an additional 994,551 shares during the period. Geode Capital Management LLC grew its stake in Lumentum by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,260,940 shares of the technology company’s stock worth $119,884,000 after purchasing an additional 10,027 shares in the last quarter. Channing Capital Management LLC raised its position in Lumentum by 61.0% in the 2nd quarter. Channing Capital Management LLC now owns 948,334 shares of the technology company’s stock valued at $90,149,000 after purchasing an additional 359,394 shares in the last quarter. Schroder Investment Management Group lifted its stake in Lumentum by 1.9% in the second quarter. Schroder Investment Management Group now owns 881,813 shares of the technology company’s stock worth $83,825,000 after acquiring an additional 16,200 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Lumentum during the 2nd quarter worth $82,983,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LITE shares. Barclays lifted their price target on shares of Lumentum to $475.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Stifel Nicolaus lifted their target price on Lumentum to $480.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Rosenblatt Securities boosted their target price on Lumentum to $580.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. B. Riley Securities upgraded Lumentum from a “neutral” rating to a “buy” rating and raised their price target for the stock from $147.00 to $526.00 in a research note on Wednesday, February 4th. Finally, UBS Group lifted their price target on Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Lumentum presently has a consensus rating of “Moderate Buy” and an average target price of $444.94.

Lumentum Stock Performance

Shares of LITE stock opened at $574.11 on Thursday. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $599.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The stock has a fifty day moving average price of $383.45 and a 200 day moving average price of $248.31. The stock has a market cap of $40.99 billion, a PE ratio of 176.11 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping 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 analysts’ expectations of $646.74 million. During the same period last year, the company posted $0.42 EPS. The company’s revenue was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Sell-side analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Penny Herscher sold 4,849 shares of Lumentum stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $535.48, for a total transaction of $2,596,542.52. Following the completion of the sale, the director directly owned 6,057 shares in the company, valued at $3,243,402.36. The trade was a 44.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Yuen Wupen sold 822 shares of the business’s stock in a transaction that occurred 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 directly owned 95,077 shares of the company’s stock, valued at approximately $24,621,139.92. This represents a 0.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 12,029 shares of company stock worth $4,444,022. 0.43% of the stock is owned by company insiders.

Lumentum 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.