3,384 Shares in Lumentum Holdings Inc. $LITE Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,384 shares of the technology company’s stock, valued at approximately $551,000.

Other hedge funds have also bought and sold shares of the company. HighTower Advisors LLC increased its holdings in shares of Lumentum by 51.1% in the first quarter. HighTower Advisors LLC now owns 5,242 shares of the technology company’s stock worth $327,000 after purchasing an additional 1,773 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Lumentum by 4.0% during the 1st quarter. MetLife Investment Management LLC now owns 40,258 shares of the technology company’s stock valued at $2,510,000 after buying an additional 1,546 shares in the last quarter. Graham Capital Management L.P. bought a new stake in Lumentum in the 1st quarter worth approximately $2,453,000. Paloma Partners Management Co purchased a new stake in shares of Lumentum during the 1st quarter worth approximately $5,299,000. Finally, Atreides Management LP boosted its position in shares of Lumentum by 6.8% during the 1st quarter. Atreides Management LP now owns 1,875,257 shares of the technology company’s stock valued at $116,904,000 after acquiring an additional 119,938 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Stock Performance

Shares of NASDAQ:LITE opened at $372.61 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77. The company has a market capitalization of $26.42 billion, a price-to-earnings ratio of 250.08 and a beta of 1.52. Lumentum Holdings Inc. has a 12 month low of $45.65 and a 12 month high of $401.60. The firm’s 50-day moving average is $282.92 and its 200 day moving average is $180.90.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.07. The business had revenue of $533.80 million during the quarter, compared to analyst estimates of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The company’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Research analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Mizuho boosted their price target on shares of Lumentum to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Stifel Nicolaus set a $220.00 target price on shares of Lumentum in a report on Wednesday, November 5th. Barclays upped their target price on shares of Lumentum from $165.00 to $181.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Morgan Stanley lifted their price target on Lumentum from $190.00 to $304.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Finally, Needham & Company LLC upped their price objective on Lumentum to $290.00 and gave the company a “buy” rating in a research report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $222.13.

Insider Activity at Lumentum

In other Lumentum news, CAO Matthew Joseph Sepe sold 4,232 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $239.63, for a total value of $1,014,114.16. Following the transaction, the chief accounting officer owned 43,544 shares of the company’s stock, valued at $10,434,448.72. This represents a 8.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Julia Suzanne Johnson sold 10,000 shares of Lumentum stock in a transaction on Monday, November 10th. The stock was sold at an average price of $270.39, for a total value of $2,703,900.00. Following the sale, the director owned 12,037 shares of the company’s stock, valued at approximately $3,254,684.43. This trade represents a 45.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 28,612 shares of company stock worth $7,317,398 over the last quarter. 0.43% of the stock is owned by insiders.

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.