Ameritas Investment Partners Inc. Sells 6,306 Shares of Lumentum Holdings Inc. $LITE

Ameritas Investment Partners Inc. trimmed its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 20.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,065 shares of the technology company’s stock after selling 6,306 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Lumentum were worth $3,916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Lumentum by 0.4% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock worth $2,532,000 after acquiring an additional 64 shares during the period. UMB Bank n.a. raised its stake in shares of Lumentum by 11.2% during the third quarter. UMB Bank n.a. now owns 920 shares of the technology company’s stock valued at $150,000 after acquiring an additional 93 shares in the last quarter. MAI Capital Management raised its holdings in shares of Lumentum by 27.0% in the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after purchasing an additional 96 shares in the last quarter. KLP Kapitalforvaltning AS raised its stake in shares of Lumentum by 0.7% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 15,171 shares of the technology company’s stock worth $2,468,000 after acquiring an additional 100 shares in the last quarter. Finally, Amalgamated Bank increased its position in shares of Lumentum by 0.3% in the 3rd quarter. Amalgamated Bank now owns 31,871 shares of the technology company’s stock valued at $5,186,000 after acquiring an additional 108 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on LITE. UBS Group raised their target price on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Raymond James Financial lowered shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price target on the stock. in a research report on Friday, October 31st. Wall Street Zen cut shares of Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Finally, Needham & Company LLC raised their price objective on shares of Lumentum to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $447.38.

Lumentum Trading Up 5.1%

Shares of NASDAQ LITE opened at $667.77 on Monday. The stock has a market capitalization of $47.68 billion, a P/E ratio of 204.84 and a beta of 1.51. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $678.00. The stock’s 50 day moving average price is $419.10 and its two-hundred day moving average price is $273.54. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06.

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

Insider Transactions at Lumentum

In other news, insider Yuen Wupen sold 3,157 shares of the 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 sale, the insider directly owned 88,439 shares of the company’s stock, valued at $47,580,182. This represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vincent Retort sold 45,026 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total value of $26,624,774.32. Following the sale, the insider owned 102,455 shares of the company’s stock, valued at approximately $60,583,690.60. This represents a 30.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 60,473 shares of company stock valued at $35,186,972. 0.43% of the stock is currently owned by corporate insiders.

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.