3,163 Shares in Lumentum Holdings Inc. $LITE Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,163 shares of the technology company’s stock, valued at approximately $515,000.

Other hedge funds also recently made changes to their positions in the company. Beacon Harbor Wealth Advisors Inc. bought a new stake in shares of Lumentum in the third quarter valued at approximately $7,448,000. Optimize Financial Inc acquired a new position in Lumentum in the 3rd quarter valued at $1,507,000. Envestnet Asset Management Inc. lifted its position in shares of Lumentum by 72.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 25,711 shares of the technology company’s stock valued at $4,183,000 after acquiring an additional 10,785 shares during the period. Hantz Financial Services Inc. increased its position in shares of Lumentum by 84.9% in the third quarter. Hantz Financial Services Inc. now owns 1,302 shares of the technology company’s stock worth $212,000 after purchasing an additional 598 shares during the period. Finally, Allianz Asset Management GmbH increased its position in shares of Lumentum by 19.8% in the third quarter. Allianz Asset Management GmbH now owns 74,229 shares of the technology company’s stock worth $12,078,000 after purchasing an additional 12,251 shares during the period. 94.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LITE shares. Bank of America upped their price objective on shares of Lumentum to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Susquehanna upped their price target on shares of Lumentum to $550.00 and gave the stock a “positive” rating in a report on Wednesday, February 4th. Needham & Company LLC increased their price target on shares of Lumentum to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Raymond James Financial downgraded shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective for the company. in a research report on Friday, October 31st. Finally, Northland Securities set a $350.00 target price on Lumentum in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $447.38.

Insider Transactions at Lumentum

In related news, Director Penny Herscher sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $597.29, for a total value of $2,389,160.00. Following the completion of the transaction, the director owned 2,057 shares in the company, valued at $1,228,625.53. This trade represents a 66.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the sale, the insider directly owned 102,455 shares in the company, valued at $60,583,690.60. The trade was a 30.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 53,875 shares of company stock worth $31,610,477 over the last three months. Insiders own 0.43% of the company’s stock.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $600.42 on Wednesday. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $616.52. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The company has a market cap of $42.87 billion, a price-to-earnings ratio of 184.18 and a beta of 1.51. The firm has a 50 day simple moving average of $402.39 and a 200 day simple moving average of $262.50.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. During the same period in the prior year, the business earned $0.42 earnings per share. The company’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. Research analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

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.