Reaves W H & Co. Inc. Makes New Investment in Lumentum Holdings Inc. $LITE

Reaves W H & Co. Inc. acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,500 shares of the technology company’s stock, valued at approximately $7,556,000.

Several other institutional investors have also recently bought and sold shares of LITE. EverSource Wealth Advisors LLC raised its holdings 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 last quarter. V Square Quantitative Management LLC acquired a new position in Lumentum during the fourth quarter worth $28,000. Danske Bank A S acquired a new position in Lumentum during the third quarter worth $33,000. Harbour Investments Inc. raised its holdings in Lumentum by 675.0% during the fourth quarter. Harbour Investments Inc. now owns 93 shares of the technology company’s stock worth $34,000 after buying an additional 81 shares during the last quarter. Finally, Chesapeake Asset Management LLC acquired a new position in Lumentum during the fourth quarter worth $37,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on LITE. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Mizuho set a $1,100.00 target price on shares of Lumentum in a report on Wednesday, May 6th. B. Riley Financial reiterated a “buy” rating on shares of Lumentum in a report on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $1,200.00 target price on shares of Lumentum in a report on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Lumentum in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,012.43.

Lumentum Price Performance

LITE opened at $854.96 on Monday. The firm has a market cap of $66.52 billion, a P/E ratio of 158.33 and a beta of 1.47. The firm has a 50-day moving average of $862.40 and a 200 day moving average of $585.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. Lumentum Holdings Inc. has a fifty-two week low of $71.04 and a fifty-two week high of $1,085.68.

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

Insider Activity at Lumentum

In related news, 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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, insider Yuen Wupen sold 3,210 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 $3,062,179.50. Following the transaction, the insider owned 81,488 shares of the company’s stock, valued at approximately $77,735,477.60. The trade was a 3.79% decrease in their position. 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 have sold 35,844 shares of company stock valued at $34,003,107 in the last 90 days. 0.43% of the stock is currently owned by company 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.