Veracity Capital LLC Acquires Shares of 2,828 Lumentum Holdings Inc. $LITE

Veracity Capital LLC bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,828 shares of the technology company’s stock, valued at approximately $460,000.

A number of other large investors have also made changes to their positions in the stock. Leeward Investments LLC MA grew its holdings in Lumentum by 14.8% in the 2nd quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock valued at $49,092,000 after buying an additional 66,541 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Lumentum by 1.9% during the 2nd quarter. Schroder Investment Management Group now owns 881,813 shares of the technology company’s stock valued at $83,825,000 after acquiring an additional 16,200 shares during the last quarter. Northwest & Ethical Investments L.P. grew its holdings in shares of Lumentum by 45.7% in the second quarter. Northwest & Ethical Investments L.P. now owns 10,200 shares of the technology company’s stock valued at $966,000 after purchasing an additional 3,200 shares during the period. FORA Capital LLC purchased a new stake in shares of Lumentum in the first quarter valued at about $642,000. Finally, Corton Capital Inc. acquired a new stake in Lumentum during the second quarter worth about $272,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LITE has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Morgan Stanley upped their price objective on Lumentum from $190.00 to $304.00 and gave the company an “equal weight” rating in a report on Wednesday. Rosenblatt Securities increased their price objective on Lumentum to $380.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Wolfe Research restated an “outperform” rating and issued a $240.00 target price on shares of Lumentum in a research report on Wednesday, November 5th. Finally, Barclays upped their price target on Lumentum from $165.00 to $181.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $222.13.

Lumentum Stock Up 1.3%

Shares of NASDAQ LITE opened at $320.25 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77. The business’s 50 day moving average is $247.49 and its two-hundred day moving average is $163.45. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $376.53. The firm has a market cap of $22.71 billion, a price-to-earnings ratio of 214.93 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 EPS for the quarter, topping 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 quarterly revenue was up 58.4% on a year-over-year basis. During the same period last year, the business posted $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.

Insider Buying and Selling

In related news, Director Isaac Hosojiro Harris sold 7,200 shares of Lumentum stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $243.32, for a total value of $1,751,904.00. Following the completion of the transaction, the director owned 9,764 shares in the company, valued at approximately $2,375,776.48. The trade was a 42.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jae Kim sold 1,367 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $234.14, for a total transaction of $320,069.38. Following the sale, the senior vice president directly owned 38,570 shares in the company, valued at approximately $9,030,779.80. The trade was a 3.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 28,612 shares of company stock worth $7,317,398 over the last 90 days. 0.43% of the stock is owned by insiders.

Lumentum Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.