Groupe la Francaise Invests $7.26 Million in Lumentum Holdings Inc. $LITE

Groupe la Francaise bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,146 shares of the technology company’s stock, valued at approximately $7,260,000.

Several other institutional investors have also bought and sold shares of the stock. Hilton Head Capital Partners LLC acquired a new position in Lumentum during the first quarter worth $25,000. Sachetta LLC lifted its holdings in shares of Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after acquiring an additional 19 shares during the period. Truvestments Capital LLC lifted its holdings in shares of Lumentum by 300.0% during the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after acquiring an additional 57 shares during the period. Triumph Capital Management acquired a new stake in shares of Lumentum in the 4th quarter valued at $30,000. Finally, Danske Bank A S acquired a new stake in shares of Lumentum in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LITE shares. Weiss Ratings cut shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. Raymond James Financial restated an “outperform” rating and issued a $1,036.00 price target on shares of Lumentum in a research report on Wednesday, August 12th. Bank of America decreased their price objective on shares of Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Mizuho raised their price objective on shares of Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lumentum in a research note on Monday, August 31st. They issued a “buy” rating and a $1,200.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and an average target price of $1,053.83.

Insider Transactions at Lumentum

In other Lumentum news, insider Yuen Wupen sold 500 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $860.00, for a total transaction of $430,000.00. Following the transaction, the insider directly owned 116,127 shares in the company, valued at approximately $99,869,220. This represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Hurlston sold 548 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $958.66, for a total transaction of $525,345.68. Following the transaction, the chief executive officer owned 186,951 shares in the company, valued at approximately $179,222,445.66. The trade was a 0.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 65,147 shares of company stock valued at $55,812,856. 0.43% of the stock is owned by company insiders.

Lumentum Price Performance

Shares of LITE opened at $881.26 on Tuesday. The business’s fifty day moving average price is $815.21 and its two-hundred day moving average price is $819.50. The firm has a market capitalization of $79.05 billion, a price-to-earnings ratio of -10.72 and a beta of 1.53. Lumentum Holdings Inc. has a 52 week low of $144.20 and a 52 week high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. The firm’s quarterly revenue was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, analysts predict that Lumentum Holdings Inc. will post 19.78 earnings per share for the current year.

About Lumentum

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.