Braun Stacey Associates Inc. Grows Position in Lumentum Holdings Inc. $LITE

Braun Stacey Associates Inc. boosted its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,756 shares of the technology company’s stock after acquiring an additional 15,799 shares during the period. Lumentum comprises about 1.3% of Braun Stacey Associates Inc.’s portfolio, making the stock its 18th largest position. Braun Stacey Associates Inc. owned approximately 0.15% of Lumentum worth $40,086,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its holdings in shares of Lumentum by 36.8% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after acquiring an additional 254 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Lumentum by 109.9% during the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after purchasing an additional 6,275 shares during the last quarter. Empowered Funds LLC boosted its position in Lumentum by 9.1% during the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after purchasing an additional 680 shares in the last quarter. Prudential Financial Inc. grew its stake in Lumentum by 21.3% in the second quarter. Prudential Financial Inc. now owns 7,327 shares of the technology company’s stock valued at $697,000 after purchasing an additional 1,288 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Lumentum by 53.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,682 shares of the technology company’s stock valued at $540,000 after purchasing an additional 1,986 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Transactions at Lumentum

In other news, insider Yuen Wupen sold 3,157 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total value of $1,698,466.00. Following the transaction, the insider directly owned 88,439 shares of the company’s stock, valued at approximately $47,580,182. This represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Wajid Ali sold 5,302 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the transaction, the chief financial officer owned 66,287 shares of the company’s stock, valued at approximately $45,812,934.31. The trade was a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 65,775 shares of company stock worth $38,851,343. Insiders own 0.43% of the company’s stock.

Lumentum Price Performance

LITE stock opened at $826.88 on Friday. The firm has a 50 day moving average of $622.91 and a 200 day moving average of $391.32. The stock has a market capitalization of $59.04 billion, a PE ratio of 253.64 and a beta of 1.38. 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 Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $827.56.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 11.95% and a return on equity of 17.27%. Lumentum’s revenue for the quarter was up 65.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 EPS. 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 year.

Analysts Set New Price Targets

LITE has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Lumentum to $560.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Bank of America increased their target price on shares of Lumentum to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Stifel Nicolaus lifted their price target on shares of Lumentum to $800.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Barclays increased their price objective on Lumentum to $750.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Lumentum has an average rating of “Moderate Buy” and a consensus target price 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.