ProShare Advisors LLC Makes New Investment in Lumentum Holdings Inc. $LITE

ProShare Advisors LLC purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,077 shares of the technology company’s stock, valued at approximately $292,000.

A number of other institutional investors have also made changes to their positions in the business. Lisanti Capital Growth LLC boosted its stake in Lumentum by 92.5% during the 2nd quarter. Lisanti Capital Growth LLC now owns 84,765 shares of the technology company’s stock valued at $8,058,000 after purchasing an additional 40,720 shares during the period. Future Fund LLC acquired a new position in shares of Lumentum during the second quarter worth approximately $1,127,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Lumentum in the second quarter valued at approximately $9,551,000. Summit Investment Advisors Inc. grew its stake in shares of Lumentum by 25.3% in the first quarter. Summit Investment Advisors Inc. now owns 30,666 shares of the technology company’s stock worth $1,912,000 after acquiring an additional 6,195 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Lumentum in the second quarter worth $558,000. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on LITE. Morgan Stanley reiterated a “cautious” rating and set a $190.00 target price on shares of Lumentum in a research note on Wednesday, November 5th. Wall Street Zen lowered shares of Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Barclays lifted their target price on Lumentum from $165.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Raymond James Financial cut Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price target for the company. in a report on Friday, October 31st. Finally, Northland Securities set a $250.00 price objective on Lumentum in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and an average price target of $196.88.

Lumentum Stock Up 9.6%

NASDAQ LITE opened at $255.59 on Friday. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $282.66. The company has a market capitalization of $18.12 billion, a price-to-earnings ratio of 171.54 and a beta of 1.48. The stock’s 50 day moving average is $189.56 and its two-hundred day moving average is $131.89. 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 issued its earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The business had revenue of $533.80 million during the quarter, compared to analysts’ expectations of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.Lumentum’s quarterly revenue was up 58.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $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.

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, insider Yuen Wupen sold 3,282 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $119.25, for a total transaction of $391,378.50. Following the completion of the transaction, the insider owned 104,554 shares in the company, valued at approximately $12,468,064.50. This trade represents a 3.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 37,701 shares of company stock valued at $8,432,651. Insiders own 0.43% of the company’s stock.

About Lumentum

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.