1,254 Shares in Lumentum Holdings Inc. $LITE Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,254 shares of the technology company’s stock, valued at approximately $462,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LITE. EverSource Wealth Advisors LLC boosted its stake in Lumentum by 363.9% during the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares during the period. V Square Quantitative Management LLC purchased a new position in Lumentum during the fourth quarter worth about $28,000. Danske Bank A S purchased a new position in Lumentum during the third quarter worth about $33,000. Chesapeake Asset Management LLC purchased a new position in Lumentum during the fourth quarter worth about $37,000. Finally, BOCHK Asset Management Ltd purchased a new position in Lumentum during the fourth quarter worth about $37,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lumentum in a research note on Tuesday, April 21st. Stifel Nicolaus increased their target price on shares of Lumentum to $800.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Susquehanna increased their target price on shares of Lumentum from $550.00 to $1,100.00 and gave the stock a “positive” rating in a research note on Monday, April 20th. Rosenblatt Securities reaffirmed a “buy” rating and set a $900.00 target price on shares of Lumentum in a research note on Wednesday, March 18th. Finally, TD Cowen increased their target price on shares of Lumentum from $675.00 to $875.00 and gave the stock a “hold” rating in a research note on Friday, April 10th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average price target of $757.25.

Insider Buying and Selling at Lumentum

In other news, Director Penny Herscher sold 4,849 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $535.48, for a total value of $2,596,542.52. Following the completion of the transaction, the director owned 6,057 shares of the company’s stock, valued at approximately $3,243,402.36. This trade represents a 44.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Wajid Ali sold 5,302 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the transaction, the chief financial officer directly owned 66,287 shares of the company’s stock, valued at approximately $45,812,934.31. The trade was a 7.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 65,775 shares of company stock worth $38,851,343. 0.43% of the stock is owned by company insiders.

Lumentum Stock Performance

NASDAQ LITE opened at $949.93 on Monday. The firm has a 50 day simple moving average of $760.12 and a 200-day simple moving average of $486.41. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. Lumentum Holdings Inc. has a one year low of $60.38 and a one year high of $985.13. The firm has a market cap of $67.83 billion, a price-to-earnings ratio of 291.39 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. During the same quarter last year, the firm posted $0.42 earnings per share. The business’s revenue for the quarter was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Equities research analysts anticipate that Lumentum Holdings Inc. will post 5.87 EPS for the current fiscal year.

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.