Ellevest Inc. Buys 292 Shares of Lumentum Holdings Inc. $LITE

Ellevest Inc. raised its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 7.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,173 shares of the technology company’s stock after acquiring an additional 292 shares during the period. Ellevest Inc.’s holdings in Lumentum were worth $397,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PointState Capital LP purchased a new position in shares of Lumentum in the 1st quarter valued at approximately $213,503,000. Analog Century Management LP bought a new position in Lumentum in the first quarter worth $60,348,000. Channing Capital Management LLC purchased a new position in Lumentum during the first quarter valued at $36,715,000. Nuveen LLC bought a new stake in shares of Lumentum during the 1st quarter valued at $27,054,000. Finally, Broad Peak Investment Advisers Pte Ltd purchased a new stake in shares of Lumentum in the 2nd quarter worth about $41,235,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Wajid Ali sold 2,526 shares of Lumentum stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $124.39, for a total value of $314,209.14. Following the completion of the sale, the chief financial officer directly owned 77,087 shares in the company, valued at approximately $9,588,851.93. This trade represents a 3.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Julia Suzanne Johnson sold 1,250 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $119.06, for a total value of $148,825.00. Following the completion of the transaction, the director directly owned 22,037 shares of the company’s stock, valued at approximately $2,623,725.22. This trade represents a 5.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 18,198 shares of company stock valued at $2,180,887. 0.43% of the stock is currently owned by corporate insiders.

Lumentum Price Performance

Shares of LITE opened at $239.68 on Friday. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $258.35. The company has a market capitalization of $17.00 billion, a P/E ratio of 160.86 and a beta of 1.48. The firm has a 50 day moving average of $167.66 and a 200 day moving average of $117.05. The company has a quick ratio of 3.18, a current ratio of 1.37 and a debt-to-equity ratio of 2.77.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.07. The business had revenue of $533.80 million for the quarter, compared to analysts’ expectations of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The firm’s quarterly revenue was up 58.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 EPS. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. As a group, equities research analysts anticipate that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

LITE has been the subject of several research reports. Raymond James Financial lowered shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price target for the company. in a research note on Friday, October 31st. Zacks Research downgraded shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus set a $220.00 target price on shares of Lumentum in a report on Wednesday. Citigroup began coverage on Lumentum in a research note on Friday, August 29th. They issued a “buy” rating and a $165.00 price target on the stock. Finally, Northland Securities set a $250.00 price objective on Lumentum in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.67.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.