Savant Capital LLC Makes New $245,000 Investment in Lumentum Holdings Inc. $LITE

Savant Capital LLC purchased a new position in Lumentum Holdings Inc. (NASDAQ:LITE) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 664 shares of the technology company’s stock, valued at approximately $245,000.

Several other institutional investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in shares of Lumentum by 363.9% during the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after purchasing an additional 131 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Lumentum during the fourth quarter valued at approximately $28,000. Danske Bank A S bought a new stake in shares of Lumentum during the third quarter valued at approximately $33,000. Harbour Investments Inc. increased its position in shares of Lumentum by 675.0% during the fourth quarter. Harbour Investments Inc. now owns 93 shares of the technology company’s stock valued at $34,000 after purchasing an additional 81 shares during the period. Finally, Chesapeake Asset Management LLC bought a new stake in shares of Lumentum during the fourth quarter valued at approximately $37,000. 94.05% of the stock is owned by institutional investors.

Lumentum Price Performance

Shares of LITE stock opened at $863.66 on Monday. The stock’s fifty day moving average is $880.29 and its 200-day moving average is $610.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. The stock has a market capitalization of $67.19 billion, a PE ratio of 159.94 and a beta of 1.47. Lumentum Holdings Inc. has a 52 week low of $80.39 and a 52 week high of $1,085.68.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities research analysts expect that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Northland Securities raised its price target on Lumentum to $1,200 from $1,000 and kept an outperform rating, reinforcing the bullish analyst view on the stock. Article Title
• Positive Sentiment: Lumentum announced a $650.4 million private exchange of convertible notes, which may reduce financing overhang and improve balance-sheet flexibility. Article Title
• Positive Sentiment: Analyst sentiment remains favorable overall, with Lumentum holding an average rating of “Moderate Buy” and multiple firms maintaining positive price targets. Article Title
• Positive Sentiment: Investor enthusiasm continues around Lumentum’s role in AI optical interconnects, a narrative that has supported the stock’s longer-term move. Article Title
• Neutral Sentiment: Director Isaac Hosojiro Harris sold 1,416 shares in a pre-arranged 10b5-1 plan; while routine, insider selling can still make some investors cautious. Article Title
• Neutral Sentiment: Articles asking why LITE has been softer since its last earnings report mainly point to post-earnings digestion and valuation, rather than a new fundamental problem. Article Title

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citic Securities boosted their price objective on Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. Craig Hallum boosted their price objective on Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Northland Securities boosted their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. boosted their price objective on Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $1,021.95.

Insider Buying and Selling at Lumentum

In other Lumentum news, Director Brian Lillie sold 11,951 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $981.64, for a total value of $11,731,579.64. Following the completion of the transaction, the director directly owned 13,959 shares in the company, valued at $13,702,712.76. This trade represents a 46.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian Small sold 4,954 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $868.07, for a total value of $4,300,418.78. Following the completion of the transaction, the director owned 21,008 shares of the company’s stock, valued at approximately $18,236,414.56. This represents a 19.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 41,260 shares of company stock valued at $38,859,220 in the last 90 days. 0.43% of the stock is currently owned by corporate insiders.

Lumentum 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.