BDF Gestion Makes New $4.20 Million Investment in Lumentum Holdings Inc. $LITE

BDF Gestion acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,322 shares of the technology company’s stock, valued at approximately $4,198,000.

Several other institutional investors also recently modified their holdings of the company. IFP Advisors Inc raised its holdings in shares of Lumentum by 29.2% in the 3rd quarter. IFP Advisors Inc now owns 1,885 shares of the technology company’s stock valued at $1,831,000 after purchasing an additional 426 shares during the period. Elevated Financial Group LLC grew its holdings in Lumentum by 15.5% during the third quarter. Elevated Financial Group LLC now owns 805 shares of the technology company’s stock worth $782,000 after purchasing an additional 108 shares during the period. Encompass More Asset Management grew its holdings in Lumentum by 78.1% during the third quarter. Encompass More Asset Management now owns 1,047 shares of the technology company’s stock worth $1,017,000 after purchasing an additional 459 shares during the period. Counterpoint Mutual Funds LLC increased its position in Lumentum by 301.3% during the third quarter. Counterpoint Mutual Funds LLC now owns 1,260 shares of the technology company’s stock worth $1,224,000 after buying an additional 946 shares during the last quarter. Finally, St. Louis Financial Planners Asset Management LLC acquired a new position in Lumentum during the third quarter worth approximately $411,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Lumentum Stock Performance

Lumentum stock traded up $28.98 during midday trading on Monday, hitting $853.11. The company’s stock had a trading volume of 2,327,360 shares, compared to its average volume of 5,479,587. Lumentum Holdings Inc. has a 1-year low of $152.54 and a 1-year high of $1,143.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The company has a 50-day moving average price of $931.48 and a two-hundred day moving average price of $877.62. The company has a market cap of $77.27 billion, a price-to-earnings ratio of -10.39 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. During the same quarter in the prior year, the business posted $0.88 EPS. The business’s revenue was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, sell-side analysts predict that Lumentum Holdings Inc. will post 19.79 earnings per share for the current year.

Wall Street Analyst Weigh In

LITE has been the subject of a number of recent analyst reports. Weiss Ratings cut Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 target price on shares of Lumentum in a report on Monday, October 5th. TD Cowen increased their price target on Lumentum from $800.00 to $820.00 and gave the company a “hold” rating in a research note on Wednesday, August 12th. Stifel Nicolaus raised their price target on Lumentum from $1,100.00 to $1,232.00 and gave the company a “buy” rating in a report on Monday, October 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Lumentum from $1,165.00 to $1,280.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Sixteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $1,078.75.

Insiders Place Their Bets

In other news, CFO Wajid Ali sold 24,542 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total transaction of $25,732,287.00. Following the completion of the transaction, the chief financial officer directly owned 75,074 shares in the company, valued at approximately $78,715,089. This represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael E. Hurlston sold 548 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $958.66, for a total value of $525,345.68. Following the completion of the transaction, the chief executive officer owned 186,951 shares of the company’s stock, valued at $179,222,445.66. The trade was a 0.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 94,496 shares of company stock worth $85,978,498 over the last 90 days. Insiders own 0.28% of the company’s stock.

Lumentum Profile

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.