1,655 Shares in Lumentum Holdings Inc. $LITE Bought by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC acquired a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,655 shares of the technology company’s stock, valued at approximately $269,000.

Other institutional investors also recently made changes to their positions in the company. Gateway Investment Advisers LLC increased its holdings in shares of Lumentum by 86.3% in the 3rd quarter. Gateway Investment Advisers LLC now owns 9,575 shares of the technology company’s stock valued at $1,558,000 after purchasing an additional 4,435 shares in the last quarter. Ariose Capital Management Ltd acquired a new position in Lumentum during the third quarter worth about $15,882,000. Global Retirement Partners LLC increased its holdings in Lumentum by 651.4% in the third quarter. Global Retirement Partners LLC now owns 2,209 shares of the technology company’s stock valued at $359,000 after buying an additional 1,915 shares in the last quarter. Altfest L J & Co. Inc. acquired a new stake in shares of Lumentum during the 3rd quarter valued at approximately $606,000. Finally, Braun Stacey Associates Inc. purchased a new stake in shares of Lumentum during the 3rd quarter worth approximately $15,125,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lumentum

In related news, SVP Jae Kim sold 1,367 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $234.14, for a total value of $320,069.38. Following the sale, the senior vice president directly owned 38,570 shares of the company’s stock, valued at approximately $9,030,779.80. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pamela Fletcher sold 3,421 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total transaction of $935,746.13. Following the completion of the sale, the director owned 10,561 shares of the company’s stock, valued at approximately $2,888,750.33. The trade was a 24.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 28,612 shares of company stock valued at $7,317,398. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

LITE has been the subject of several research reports. Raymond James Financial cut Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective for the company. in a report on Friday, October 31st. Susquehanna raised their price target on Lumentum from $140.00 to $190.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Morgan Stanley lifted their price target on Lumentum from $190.00 to $304.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Wall Street Zen cut shares of Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Wolfe Research restated an “outperform” rating and set a $240.00 target price on shares of Lumentum in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and an average target price of $222.13.

Lumentum Price Performance

Lumentum stock opened at $386.11 on Monday. The stock has a market capitalization of $27.38 billion, a P/E ratio of 259.14 and a beta of 1.51. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $401.60. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The firm’s 50-day moving average is $299.44 and its two-hundred day moving average is $189.01.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data 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. The business had revenue of $533.80 million for the quarter, compared to the consensus estimate of $525.10 million. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The company’s quarterly revenue was up 58.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Equities analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

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.