1,551 Shares in Lumentum Holdings Inc. $LITE Purchased by USA Financial Formulas

USA Financial Formulas purchased a new position in Lumentum Holdings Inc. (NASDAQ:LITE) during the third quarter, HoldingsChannel reports. The institutional investor purchased 1,551 shares of the technology company’s stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. PointState Capital LP purchased a new position in shares of Lumentum during the 1st quarter worth about $213,503,000. Hood River Capital Management LLC increased its position in Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after purchasing an additional 994,551 shares during the last quarter. Analog Century Management LP acquired a new position in Lumentum during the first quarter worth approximately $60,348,000. Norges Bank purchased a new position in Lumentum during the second quarter worth approximately $82,983,000. Finally, Broad Peak Investment Advisers Pte Ltd acquired a new position in shares of Lumentum in the 2nd quarter valued at $41,235,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Trading Up 10.2%

Shares of LITE opened at $371.43 on Monday. Lumentum Holdings Inc. has a 12 month low of $45.65 and a 12 month high of $376.53. The stock’s 50-day moving average is $255.47 and its two-hundred day moving average is $167.94. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The stock has a market cap of $26.33 billion, a PE ratio of 249.28 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, November 4th. The technology company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.03 by $0.07. The business had revenue of $533.80 million for the quarter, compared to the consensus estimate of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The company’s revenue was up 58.4% on a year-over-year basis. During the same period last year, the business 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 Buying and Selling at Lumentum

In other Lumentum news, Director Julia Suzanne Johnson sold 10,000 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $270.39, for a total value of $2,703,900.00. Following the transaction, the director owned 12,037 shares in the company, valued at $3,254,684.43. The trade was a 45.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Matthew Joseph Sepe sold 4,232 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $239.63, for a total value of $1,014,114.16. Following the sale, the chief accounting officer owned 43,544 shares of the company’s stock, valued at $10,434,448.72. This represents a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 28,612 shares of company stock valued at $7,317,398. 0.43% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LITE. Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 15th. Mizuho boosted their price target on Lumentum to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Wolfe Research restated an “outperform” rating and issued a $240.00 price objective on shares of Lumentum in a report on Wednesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Finally, Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $222.13.

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.