Entropy Technologies LP Trims Position in Lumentum Holdings Inc. $LITE

Entropy Technologies LP lowered its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 22.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,118 shares of the technology company’s stock after selling 8,059 shares during the quarter. Entropy Technologies LP’s holdings in Lumentum were worth $4,575,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In other news, insider Yuen Wupen sold 3,157 shares of Lumentum stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the completion of the sale, the insider directly owned 88,439 shares in the company, valued at approximately $47,580,182. This trade 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, Director Penny Herscher sold 4,849 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $535.48, for a total value of $2,596,542.52. Following the sale, the director owned 6,057 shares of the company’s stock, valued at approximately $3,243,402.36. This represents a 44.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 65,775 shares of company stock worth $38,851,343. Corporate insiders own 0.43% of the company’s stock.

Lumentum Stock Performance

NASDAQ LITE opened at $616.09 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $783.80. The business has a 50 day simple moving average of $505.29 and a two-hundred day simple moving average of $325.51. The stock has a market capitalization of $43.99 billion, a PE ratio of 188.98 and a beta of 1.38.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating 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 business had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. During the same quarter last year, the business earned $0.42 earnings per share. Lumentum’s quarterly revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, research analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LITE shares. TD Cowen began coverage on Lumentum in a research note on Thursday. They issued a “hold” rating and a $675.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of Lumentum to $565.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. UBS Group raised their target price on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Stifel Nicolaus lifted their price target on shares of Lumentum to $800.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Northland Securities set a $350.00 price target on shares of Lumentum in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $550.38.

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.