2,037 Shares in Lumentum Holdings Inc. $LITE Purchased by Yeomans Consulting Group Inc.

Yeomans Consulting Group Inc. bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 2,037 shares of the technology company’s stock, valued at approximately $349,000.

Several other institutional investors also recently added to or reduced their stakes in the business. FNY Investment Advisers LLC bought a new stake in shares of Lumentum in the second quarter valued at approximately $38,000. SVB Wealth LLC acquired a new position in Lumentum during the 1st quarter valued at $40,000. MAI Capital Management boosted its holdings in 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 during the period. Advisors Asset Management Inc. grew its position in Lumentum by 36.8% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after purchasing an additional 254 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in Lumentum by 224.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 704 shares of the technology company’s stock worth $67,000 after purchasing an additional 487 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LITE. Barclays upped their price objective on shares of Lumentum from $165.00 to $181.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Wolfe Research reaffirmed an “outperform” rating and issued a $240.00 price target on shares of Lumentum in a report on Wednesday, November 5th. Susquehanna raised their price objective on Lumentum from $140.00 to $190.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Raymond James Financial lowered Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective on the stock. in a report on Friday, October 31st. Finally, Northland Securities set a $350.00 price objective on Lumentum in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $222.13.

Insider Activity at Lumentum

In related news, CAO Matthew Joseph Sepe sold 4,232 shares of Lumentum stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $239.63, for a total transaction of $1,014,114.16. Following the completion of the transaction, the chief accounting officer directly owned 43,544 shares of the company’s stock, valued at $10,434,448.72. This trade represents a 8.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jae Kim sold 1,367 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $234.14, for a total transaction of $320,069.38. Following the sale, the senior vice president directly owned 38,570 shares in the company, valued at $9,030,779.80. This represents a 3.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 28,612 shares of company stock valued at $7,317,398. Insiders own 0.43% of the company’s stock.

Lumentum Stock Up 2.6%

NASDAQ LITE opened at $397.40 on Friday. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $401.60. The company has a market capitalization of $28.18 billion, a price-to-earnings ratio of 266.71 and a beta of 1.53. The stock’s 50 day moving average is $274.17 and its two-hundred day moving average is $175.40. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77.

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

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.