Gateway Investment Advisers LLC Has $1.56 Million Stake in Lumentum Holdings Inc. $LITE

Gateway Investment Advisers LLC raised its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 86.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,575 shares of the technology company’s stock after buying an additional 4,435 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Lumentum were worth $1,558,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Federation des caisses Desjardins du Quebec increased its stake in Lumentum by 18.4% in the first quarter. Federation des caisses Desjardins du Quebec now owns 24,528 shares of the technology company’s stock valued at $1,529,000 after acquiring an additional 3,819 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Lumentum by 36.8% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after purchasing an additional 254 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Lumentum by 109.9% in the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock valued at $747,000 after purchasing an additional 6,275 shares in the last quarter. Petrus Trust Company LTA bought a new position in shares of Lumentum in the 1st quarter valued at $428,000. Finally, Scientech Research LLC raised its holdings in shares of Lumentum by 37.4% during the 1st quarter. Scientech Research LLC now owns 13,266 shares of the technology company’s stock worth $827,000 after buying an additional 3,613 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling

In related news, Director Julia Suzanne Johnson sold 10,000 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $270.39, for a total value of $2,703,900.00. Following the completion of the sale, the director directly owned 12,037 shares in the company, valued at $3,254,684.43. This represents a 45.38% decrease in their ownership of the stock. The transaction 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 firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $243.32, for a total value of $1,751,904.00. Following the transaction, the director directly owned 9,764 shares of the company’s stock, valued at approximately $2,375,776.48. This represents a 42.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,612 shares of company stock valued at $7,317,398 over the last quarter. 0.43% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LITE. Susquehanna raised their price objective on Lumentum from $140.00 to $190.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Needham & Company LLC lifted their price target on shares of Lumentum to $290.00 and gave the company a “buy” rating in a report on Monday, November 24th. Mizuho upped their price objective on shares of Lumentum to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $222.13.

Lumentum Stock Down 7.5%

Shares of NASDAQ LITE opened at $357.05 on Tuesday. The company has a 50 day simple moving average of $302.70 and a 200 day simple moving average of $190.90. The firm has a market cap of $25.31 billion, a PE ratio of 239.63 and a beta of 1.51. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $401.60. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02.

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

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.