Lumentum Holdings Inc. $LITE Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 13.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,085 shares of the technology company’s stock after selling 1,420 shares during the quarter. Teacher Retirement System of Texas’ holdings in Lumentum were worth $1,478,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. FengHe Fund Management Pte. Ltd. acquired a new stake in Lumentum in the third quarter valued at $71,771,000. Pacer Advisors Inc. purchased a new stake in shares of Lumentum in the 3rd quarter worth about $1,512,000. Leeward Investments LLC MA grew its stake in 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 acquiring an additional 66,541 shares during the last quarter. Braun Stacey Associates Inc. purchased a new position in Lumentum during the 3rd quarter valued at about $15,125,000. Finally, Global Trust Asset Management LLC purchased a new position in Lumentum during the 3rd quarter valued at about $1,942,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Rosenblatt Securities upped their price target on shares of Lumentum to $380.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Wall Street Zen downgraded Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Susquehanna increased their target price on Lumentum from $230.00 to $420.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Barclays raised their price target on Lumentum from $181.00 to $365.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Finally, Citigroup upped their price objective on Lumentum from $240.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average price target of $288.06.

Lumentum Stock Performance

Lumentum stock opened at $391.84 on Friday. The stock has a fifty day moving average price of $350.73 and a 200 day moving average price of $225.41. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $448.00. The firm has a market capitalization of $27.78 billion, a P/E ratio of 262.98 and a beta of 1.51. 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 quarterly 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. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The firm had revenue of $533.80 million for the quarter, compared to analyst estimates of $525.10 million. During the same period last year, the company earned $0.18 EPS. The firm’s quarterly revenue was up 58.4% on a year-over-year basis. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Equities research analysts anticipate that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Insider Transactions at Lumentum

In other Lumentum news, Director Pamela Fletcher sold 3,421 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total transaction of $935,746.13. Following the transaction, the director owned 10,561 shares of the company’s stock, valued at $2,888,750.33. This trade represents a 24.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jae Kim sold 170 shares of Lumentum stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $246.00, for a total transaction of $41,820.00. Following the completion of the transaction, the senior vice president owned 38,400 shares in the company, valued at approximately $9,446,400. This trade represents a 0.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 28,612 shares of company stock valued at $7,317,398 in the last quarter. Insiders own 0.43% of the company’s stock.

Lumentum Company 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.