Marex Group plc Purchases Shares of 3,022 Lumentum Holdings Inc. $LITE

Marex Group plc bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,022 shares of the technology company’s stock, valued at approximately $287,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LITE. Leeward Investments LLC MA lifted its holdings in shares of Lumentum by 14.8% in the 2nd quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock valued at $49,092,000 after purchasing an additional 66,541 shares during the last quarter. Schroder Investment Management Group grew its stake in Lumentum by 1.9% during the 2nd quarter. Schroder Investment Management Group now owns 881,813 shares of the technology company’s stock worth $83,825,000 after buying an additional 16,200 shares during the last quarter. Northwest & Ethical Investments L.P. increased its position in Lumentum by 45.7% during the second quarter. Northwest & Ethical Investments L.P. now owns 10,200 shares of the technology company’s stock worth $966,000 after buying an additional 3,200 shares during the period. FORA Capital LLC purchased a new stake in Lumentum in the first quarter valued at approximately $642,000. Finally, Corton Capital Inc. purchased a new position in shares of Lumentum during the second quarter worth approximately $272,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lumentum

In related news, SVP Jae Kim sold 1,367 shares of Lumentum stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $234.14, for a total transaction of $320,069.38. Following the completion of the transaction, the senior vice president directly owned 38,570 shares in the company, valued at $9,030,779.80. The trade was a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $243.32, for a total value of $1,751,904.00. Following the completion of the sale, the director directly owned 9,764 shares in the company, valued at approximately $2,375,776.48. The trade was a 42.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,612 shares of company stock valued at $7,317,398 in the last quarter. 0.43% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. KGI Securities started coverage on shares of Lumentum in a report on Monday, August 18th. They issued an “outperform” rating for the company. Citigroup started coverage on Lumentum in a research note on Friday, August 29th. They set a “buy” rating and a $165.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Raymond James Financial lowered Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 target price on the stock. in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $215.00.

Lumentum Price Performance

LITE stock opened at $334.69 on Tuesday. The firm has a 50 day moving average of $241.16 and a 200-day moving average of $160.63. The company has a market cap of $23.73 billion, a price-to-earnings ratio of 224.63 and a beta of 1.52. 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 Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $376.53.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, November 4th. The technology company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The company had revenue of $533.80 million for the quarter, compared to the consensus estimate of $525.10 million. During the same period in the previous year, the business earned $0.18 earnings per share. Lumentum’s quarterly revenue was up 58.4% compared to the same quarter last year. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. As a group, equities analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

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.