Spire Wealth Management Invests $916,000 in Lumentum Holdings Inc. $LITE

Spire Wealth Management purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,632 shares of the technology company’s stock, valued at approximately $916,000.

Several other institutional investors have also recently bought and sold shares of LITE. KLP Kapitalforvaltning AS boosted its holdings in Lumentum by 0.7% in the third quarter. KLP Kapitalforvaltning AS now owns 15,171 shares of the technology company’s stock valued at $2,468,000 after acquiring an additional 100 shares during the last quarter. CoreCap Advisors LLC increased its position in shares of Lumentum by 111.3% during the third quarter. CoreCap Advisors LLC now owns 2,307 shares of the technology company’s stock worth $375,000 after acquiring an additional 1,215 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new position in Lumentum during the 3rd quarter worth about $547,000. Bouvel Investment Partners LLC acquired a new stake in shares of Lumentum in the 3rd quarter valued at about $1,698,000. Finally, D.A. Davidson & CO. acquired a new position in shares of Lumentum during the third quarter worth about $303,000. Institutional investors own 94.05% of the company’s stock.

Lumentum Trading Up 0.9%

LITE stock opened at $351.42 on Friday. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $402.79. The company has a fifty day moving average price of $316.21 and a two-hundred day moving average price of $198.10. 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 stock has a market cap of $24.92 billion, a price-to-earnings ratio of 235.85 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, topping 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 analysts’ expectations of $525.10 million. During the same period last year, the firm posted $0.18 EPS. The firm’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. Equities analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Insiders Place Their Bets

In other Lumentum news, SVP Jae Kim sold 170 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $246.00, for a total transaction of $41,820.00. Following the completion of the transaction, the senior vice president owned 38,400 shares of the company’s stock, valued at approximately $9,446,400. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 that occurred on Friday, November 7th. The shares were sold at an average price of $243.32, for a total transaction of $1,751,904.00. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,612 shares of company stock valued at $7,317,398 over the last ninety days. 0.43% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Needham & Company LLC increased their price objective on shares of Lumentum to $290.00 and gave the stock a “buy” rating in a research note on Monday, November 24th. Susquehanna increased 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. Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Barclays upped their price objective on Lumentum from $165.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Finally, Northland Securities set a $350.00 price objective on Lumentum in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.25.

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.