Magnus Financial Group LLC Makes New Investment in Lumentum Holdings Inc. $LITE

Magnus Financial Group LLC acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 746 shares of the technology company’s stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in Lumentum by 8,579.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after purchasing an additional 1,545,199 shares during the period. Hood River Capital Management LLC increased its holdings in Lumentum by 82.1% in the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after buying an additional 994,551 shares during the period. Norges Bank bought a new stake in Lumentum in the 2nd quarter valued at $82,983,000. Holocene Advisors LP acquired a new position in shares of Lumentum in the 3rd quarter valued at $136,401,000. Finally, WT Asset Management Ltd raised its stake in shares of Lumentum by 170.0% in the 3rd quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock valued at $115,558,000 after buying an additional 447,208 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Susquehanna lifted their target price on shares of Lumentum to $550.00 and gave the company a “positive” rating in a research report on Wednesday, February 4th. Bank of America raised their price target on shares of Lumentum to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Needham & Company LLC lifted their price objective on Lumentum to $850.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. JPMorgan Chase & Co. upped their price objective on Lumentum to $565.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $575.06.

Lumentum Trading Up 3.2%

Shares of Lumentum stock opened at $728.95 on Tuesday. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $787.45. The stock has a market capitalization of $52.05 billion, a P/E ratio of 223.60 and a beta of 1.38. The company has a 50-day simple moving average of $549.93 and a 200 day simple moving average of $355.60. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. The firm had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company’s revenue for the quarter was up 65.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Research analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lumentum news, insider Vincent Retort sold 45,026 shares of Lumentum stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total value of $26,624,774.32. Following the completion of the transaction, the insider owned 102,455 shares in the company, valued at approximately $60,583,690.60. The trade was a 30.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Wajid Ali sold 5,302 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the transaction, the chief financial officer directly owned 66,287 shares in the company, valued at approximately $45,812,934.31. This represents a 7.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,775 shares of company stock valued at $38,851,343 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.