Cim Investment Management Inc. Raises Position in Lumentum Holdings Inc. $LITE

Cim Investment Management Inc. lifted its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 100.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,622 shares of the technology company’s stock after purchasing an additional 4,829 shares during the period. Cim Investment Management Inc.’s holdings in Lumentum were worth $860,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. MAI Capital Management grew its holdings in Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after purchasing an additional 96 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Lumentum by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the technology company’s stock valued at $1,854,000 after acquiring an additional 100 shares during the period. Bessemer Group Inc. grew its stake in shares of Lumentum by 5.8% during the 2nd quarter. Bessemer Group Inc. now owns 2,473 shares of the technology company’s stock valued at $234,000 after acquiring an additional 136 shares during the period. Keynote Financial Services LLC increased its holdings in Lumentum by 1.8% in the 2nd quarter. Keynote Financial Services LLC now owns 8,396 shares of the technology company’s stock worth $798,000 after acquiring an additional 148 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Lumentum by 18.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,123 shares of the technology company’s stock worth $107,000 after acquiring an additional 178 shares during the period. 94.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Lumentum

In other Lumentum news, SVP Jae Kim sold 1,367 shares of the business’s stock in a transaction dated 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 owned 38,570 shares in the company, valued at approximately $9,030,779.80. The trade was a 3.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was 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 of the company’s stock, valued at approximately $2,375,776.48. The trade was a 42.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,612 shares of company stock worth $7,317,398 in the last three months. 0.43% of the stock is owned by company insiders.

Lumentum Stock Performance

Shares of NASDAQ:LITE opened at $324.35 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77. Lumentum Holdings Inc. has a 12 month low of $45.65 and a 12 month high of $376.53. The company has a market capitalization of $23.00 billion, a price-to-earnings ratio of 217.69 and a beta of 1.53. The firm’s 50-day moving average is $237.68 and its 200 day moving average is $158.24.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.07. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The business had revenue of $533.80 million during the quarter, compared to analyst estimates of $525.10 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The company’s revenue for the quarter was up 58.4% compared to the same quarter last year. 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.

Analysts Set New Price Targets

LITE has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $220.00 price target on shares of Lumentum in a research report on Wednesday, November 5th. KGI Securities assumed coverage on shares of Lumentum in a report on Monday, August 18th. They issued an “outperform” rating for the company. Raymond James Financial lowered Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective for the company. in a research note on Friday, October 31st. Susquehanna lifted their target price on Lumentum from $140.00 to $190.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Finally, Barclays boosted their price target on Lumentum from $165.00 to $181.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $215.00.

Lumentum Company 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.