Wealth High Governance Asset Management Ltda. Sells 7,880 Shares of Lumentum Holdings Inc. $LITE

Wealth High Governance Asset Management Ltda. reduced its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 39.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,968 shares of the technology company’s stock after selling 7,880 shares during the quarter. Lumentum accounts for 3.0% of Wealth High Governance Asset Management Ltda.’s portfolio, making the stock its 15th largest position. Wealth High Governance Asset Management Ltda.’s holdings in Lumentum were worth $8,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Sachetta LLC increased its holdings in Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after purchasing an additional 19 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Lumentum in the first quarter worth about $25,000. Abel Hall LLC lifted its position in shares of Lumentum by 5.5% during the first quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock worth $487,000 after purchasing an additional 36 shares in the last quarter. Checchi Capital Advisers LLC grew its stake in shares of Lumentum by 5.1% during the first quarter. Checchi Capital Advisers LLC now owns 790 shares of the technology company’s stock valued at $555,000 after purchasing an additional 38 shares during the last quarter. Finally, 180 Wealth Advisors LLC grew its stake in shares of Lumentum by 2.9% during the first quarter. 180 Wealth Advisors LLC now owns 1,553 shares of the technology company’s stock valued at $1,092,000 after purchasing an additional 44 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Price Performance

Shares of LITE stock opened at $713.94 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average price is $821.07 and its two-hundred day moving average price is $739.34. The firm has a market capitalization of $55.54 billion, a P/E ratio of 132.21 and a beta of 1.50. Lumentum Holdings Inc. has a 1 year low of $101.61 and a 1 year high of $1,085.68.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.27 by $0.10. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. During the same period in the prior year, the firm posted $0.57 earnings per share. The business’s quarterly revenue was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities analysts predict that Lumentum Holdings Inc. will post 6.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Lumentum news, Director Ian Small sold 4,954 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the completion of the sale, the director owned 21,008 shares of the company’s stock, valued at $18,236,414.56. This trade represents a 19.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Vincent Retort sold 3,183 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $3,036,422.85. Following the completion of the transaction, the insider directly owned 89,563 shares in the company, valued at approximately $85,438,623.85. This represents a 3.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 41,260 shares of company stock worth $38,859,220 in the last 90 days. 0.43% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LITE has been the subject of a number of research reports. Citigroup reissued a “buy” rating on shares of Lumentum in a report on Thursday, July 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lumentum in a report on Friday, July 17th. TD Cowen reduced their price objective on shares of Lumentum from $995.00 to $800.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Rosenblatt Securities boosted their target price on Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $1,200.00 price target on shares of Lumentum in a report on Wednesday, May 6th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lumentum has a consensus rating of “Moderate Buy” and a consensus target price of $1,012.67.

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.