Intech Investment Management LLC Increases Stock Position in Lumentum Holdings Inc. $LITE

Intech Investment Management LLC increased its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 66.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,962 shares of the technology company’s stock after buying an additional 17,534 shares during the period. Intech Investment Management LLC’s holdings in Lumentum were worth $7,153,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of Lumentum by 363.9% during the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after acquiring an additional 131 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Lumentum in the third quarter worth about $49,000. Cullen Frost Bankers Inc. purchased a new position in Lumentum in the third quarter valued at about $49,000. Rossby Financial LCC purchased a new position in Lumentum in the third quarter valued at about $77,000. Finally, MAI Capital Management grew its stake in Lumentum by 27.0% during the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Buying and Selling

In related news, insider Vincent Retort sold 3,441 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the completion of the transaction, the insider owned 95,975 shares in the company, valued at $52,381,235.50. The trade was a 3.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Yuen Wupen sold 3,157 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total value of $1,698,466.00. Following the completion of the sale, the insider directly owned 88,439 shares in the company, valued at $47,580,182. This represents a 3.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 60,473 shares of company stock valued at $35,186,972. Insiders own 0.43% of the company’s stock.

Lumentum Trading Up 3.5%

NASDAQ LITE opened at $700.91 on Friday. 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 $45.65 and a one year high of $765.00. The company has a 50-day simple moving average of $454.79 and a 200-day simple moving average of $291.42. The firm has a market capitalization of $50.04 billion, a PE ratio of 215.00 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. During the same quarter last year, the company posted $0.42 earnings per share. Lumentum’s revenue was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, equities analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on LITE shares. Bank of America upped their target price on Lumentum to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Needham & Company LLC increased their price objective on shares of Lumentum to $550.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Susquehanna raised their price objective on shares of Lumentum to $550.00 and gave the stock a “positive” rating in a report on Wednesday, February 4th. Morgan Stanley increased their price target on shares of Lumentum to $520.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Wall Street Zen downgraded Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $458.00.

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.