1,295 Shares in Lumentum Holdings Inc. $LITE Acquired by Mission Wealth Management LP

Mission Wealth Management LP bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,295 shares of the technology company’s stock, valued at approximately $477,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. North Dakota State Investment Board acquired a new position in Lumentum during the fourth quarter worth approximately $892,000. Qsemble Capital Management LP increased its position in Lumentum by 373.0% during the fourth quarter. Qsemble Capital Management LP now owns 18,709 shares of the technology company’s stock worth $6,896,000 after buying an additional 14,754 shares during the period. DNB Asset Management AS acquired a new position in Lumentum during the fourth quarter worth approximately $2,037,000. Northwestern Mutual Investment Management Company LLC increased its position in Lumentum by 2.0% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,863 shares of the technology company’s stock worth $5,847,000 after buying an additional 304 shares during the period. Finally, Donoghue Forlines LLC acquired a new position in Lumentum during the fourth quarter worth approximately $2,308,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Trading Down 2.5%

NASDAQ:LITE opened at $868.07 on Thursday. The firm has a market cap of $67.54 billion, a P/E ratio of 160.75 and a beta of 1.53. 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 stock’s 50 day simple moving average is $825.82 and its 200-day simple moving average is $551.93. Lumentum Holdings Inc. has a 12-month low of $71.04 and a 12-month high of $1,085.68.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. The business had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The company’s revenue for the quarter was up 90.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities analysts anticipate that Lumentum Holdings Inc. will post 6.49 EPS for the current year.

Insider Transactions at Lumentum

In related news, insider Yuen Wupen sold 3,210 shares of Lumentum stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $3,062,179.50. Following the sale, the insider directly owned 81,488 shares in the company, valued at $77,735,477.60. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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. Also, SVP Jae Kim sold 1,422 shares of Lumentum stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $1,356,516.90. Following the completion of the sale, the senior vice president owned 32,333 shares in the company, valued at approximately $30,844,065.35. This trade represents a 4.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last 90 days, insiders sold 36,192 shares of company stock valued at $33,367,059. 0.43% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on LITE. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,200.00 price target on shares of Lumentum in a research report on Wednesday, May 6th. Rosenblatt Securities lifted their price target on Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Northland Securities set a $1,000.00 price target on Lumentum in a research report on Monday, April 20th. Bank of America lifted their price target on Lumentum to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, Citic Securities lifted their price target on Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. One equities research 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,012.43.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum was added to the Nasdaq-100, a move that can attract buying from index funds and ETFs and broaden institutional ownership. Lumentum (LITE) Joins Nasdaq-100 Index
• Positive Sentiment: Zacks highlighted Lumentum as one of its top momentum stocks and a Zacks Rank #1 (Strong Buy), reinforcing the bullish momentum narrative. Are You Looking for a Top Momentum Pick? Why Lumentum (LITE) is a Great Choice
• Positive Sentiment: Analyst coverage remains constructive, with multiple firms lifting price targets and several reports pointing to demand tied to AI infrastructure and data center optics. 3 Stocks Backed By Broker Rating Upgrades Worth Betting On
• Positive Sentiment: Recent bullish commentary says Lumentum’s photonic products are benefiting from strong AI and data center demand, with capacity constraints supporting revenue and margin expansion. Lumentum: Priced For Growth, But Not For What Comes Next – Double Growth Cycles
• Positive Sentiment: The company’s last earnings report beat EPS expectations and included strong year-over-year revenue growth, supporting the growth story behind the stock. Lumentum stock details and earnings summary

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.