iA Global Asset Management Inc. Decreases Holdings in Lumentum Holdings Inc. $LITE

iA Global Asset Management Inc. lowered its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 25.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,270 shares of the technology company’s stock after selling 5,210 shares during the quarter. iA Global Asset Management Inc.’s holdings in Lumentum were worth $10,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of LITE. Shikiar Asset Management Inc. purchased a new stake in shares of Lumentum in the 1st quarter valued at $229,000. SMART Wealth LLC lifted its stake in Lumentum by 55.7% in the first quarter. SMART Wealth LLC now owns 1,872 shares of the technology company’s stock worth $1,316,000 after purchasing an additional 670 shares during the last quarter. SJS Investment Consulting Inc. boosted its position in Lumentum by 687.5% during the first quarter. SJS Investment Consulting Inc. now owns 63 shares of the technology company’s stock valued at $44,000 after buying an additional 55 shares during the period. Drucker Wealth 3.0 LLC bought a new position in shares of Lumentum during the first quarter valued at about $221,000. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Lumentum in the first quarter worth about $1,278,000. 94.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LITE. Jefferies Financial Group restated a “buy” rating and set a $1,200.00 target price on shares of Lumentum in a report on Wednesday, May 6th. Citigroup lifted their price target on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. 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. Barclays raised their target price on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $1,040.00 target price on shares of Lumentum in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.95.

Lumentum Stock Down 6.6%

Shares of NASDAQ LITE opened at $801.16 on Thursday. The firm has a fifty day simple moving average of $897.63 and a two-hundred day simple moving average of $680.63. Lumentum Holdings Inc. has a 12 month low of $88.37 and a 12 month high of $1,085.68. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $62.33 billion, a PE ratio of 148.36 and a beta of 1.48.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. 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 previous year, the firm posted $0.57 EPS. The company’s revenue for the quarter was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities analysts expect that Lumentum Holdings Inc. will post 6.4 earnings per share for the current year.

Insider Buying and Selling at Lumentum

In related news, Director Ian Small sold 4,954 shares of Lumentum stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the sale, the director directly owned 21,008 shares in the company, valued at $18,236,414.56. The trade was a 19.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Wajid Ali sold 2,487 shares of Lumentum stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $2,372,473.65. Following the sale, the chief financial officer owned 60,951 shares in the company, valued at $58,144,206.45. This represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 41,260 shares of company stock worth $38,859,220. Insiders own 0.43% of the company’s stock.

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.