Parallel Advisors LLC Decreases Stake in Lumentum Holdings Inc. $LITE

Parallel Advisors LLC cut its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 63.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 270 shares of the technology company’s stock after selling 472 shares during the period. Parallel Advisors LLC’s holdings in Lumentum were worth $26,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC purchased a new position in Lumentum during the 4th quarter valued at about $270,000. California State Teachers Retirement System grew its position in shares of Lumentum by 0.4% during the fourth quarter. California State Teachers Retirement System now owns 64,170 shares of the technology company’s stock worth $5,387,000 after acquiring an additional 251 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Lumentum by 10,626.4% in the first quarter. GAMMA Investing LLC now owns 127,859 shares of the technology company’s stock valued at $7,971,000 after acquiring an additional 126,667 shares during the period. UMB Bank n.a. raised its stake in Lumentum by 132.9% in the 1st quarter. UMB Bank n.a. now owns 785 shares of the technology company’s stock valued at $49,000 after purchasing an additional 448 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Lumentum by 1,913.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,067 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,014 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on LITE. Rosenblatt Securities raised their price objective on Lumentum from $150.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. UBS Group raised their target price on Lumentum from $78.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Needham & Company LLC reissued a “buy” rating and set a $145.00 price objective (up from $135.00) on shares of Lumentum in a report on Wednesday, August 13th. Wolfe Research began coverage on Lumentum in a research report on Tuesday, August 12th. They issued an “outperform” rating on the stock. Finally, KGI Securities began coverage on Lumentum in a research report on Monday, August 18th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and a consensus price target of $133.36.

Insider Activity

In other Lumentum news, 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 transaction of $148,825.00. Following the completion of the sale, the director directly owned 22,037 shares of the company’s stock, valued at approximately $2,623,725.22. The trade was a 5.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Yuen Wupen sold 3,281 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $124.86, for a total value of $409,665.66. Following the completion of the sale, the insider owned 101,273 shares in the company, valued at approximately $12,644,946.78. This trade represents a 3.14% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,687 shares of company stock valued at $4,759,552. 0.19% of the stock is owned by insiders.

Lumentum Stock Up 1.0%

Shares of NASDAQ LITE opened at $160.75 on Friday. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $173.38. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.18 and a current ratio of 4.37. The firm has a market capitalization of $11.24 billion, a price-to-earnings ratio of 698.91 and a beta of 1.42. The stock has a 50 day moving average price of $131.19 and a 200 day moving average price of $93.52.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. The company had revenue of $480.70 million during the quarter, compared to analysts’ expectations of $465.27 million. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The firm’s revenue was up 55.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Sell-side analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

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.