Ewa LLC Invests $288,000 in Lumentum Holdings Inc. $LITE

Ewa LLC bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 1,771 shares of the technology company’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new position in shares of Lumentum during the second quarter worth approximately $38,000. MAI Capital Management increased its position in Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after acquiring an additional 96 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new position in Lumentum during the 3rd quarter valued at $49,000. Cullen Frost Bankers Inc. bought a new stake in Lumentum in the 3rd quarter valued at $49,000. Finally, Advisors Asset Management Inc. boosted its holdings in Lumentum by 36.8% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after purchasing an additional 254 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Price Performance

Shares of LITE stock opened at $339.19 on Monday. The stock’s fifty day simple moving average is $338.45 and its 200 day simple moving average is $216.54. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $402.79. The firm has a market cap of $24.05 billion, a price-to-earnings ratio of 227.65 and a beta of 1.51. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The company had revenue of $533.80 million during the quarter, compared to analysts’ expectations of $525.10 million. During the same period last year, the business earned $0.18 earnings per share. The business’s revenue was up 58.4% on a year-over-year basis. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Matthew Joseph Sepe sold 4,232 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $239.63, for a total transaction of $1,014,114.16. Following the completion of the sale, the chief accounting officer owned 43,544 shares of the company’s stock, valued at approximately $10,434,448.72. This trade represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Julia Suzanne Johnson sold 10,000 shares of Lumentum stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $270.39, for a total transaction of $2,703,900.00. Following the completion of the transaction, the director owned 12,037 shares of the company’s stock, valued at $3,254,684.43. This trade represents a 45.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,612 shares of company stock worth $7,317,398 over the last ninety days. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Needham & Company LLC upped their price objective on shares of Lumentum to $290.00 and gave the company a “buy” rating in a research report on Monday, November 24th. JPMorgan Chase & Co. boosted their price target on Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 29th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Finally, Raymond James Financial cut Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective on the stock. in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average price target of $285.19.

About Lumentum

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.