Teacher Retirement System of Texas Cuts Stock Holdings in Lumentum Holdings Inc. $LITE

Teacher Retirement System of Texas decreased its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 13.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,085 shares of the technology company’s stock after selling 1,420 shares during the quarter. Teacher Retirement System of Texas’ holdings in Lumentum were worth $1,478,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LITE. FNY Investment Advisers LLC acquired a new position in shares of Lumentum during the second quarter worth $38,000. MAI Capital Management boosted its position in shares of Lumentum by 27.0% during the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after acquiring an additional 96 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Lumentum during the 3rd quarter worth about $49,000. Advisors Asset Management Inc. increased its holdings in shares of 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 acquiring an additional 254 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Lumentum by 224.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 704 shares of the technology company’s stock worth $67,000 after acquiring an additional 487 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Isaac Hosojiro Harris sold 7,200 shares of the firm’s stock in a transaction dated 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 sale, the director owned 9,764 shares in the company, valued at $2,375,776.48. This trade represents a 42.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Julia Suzanne Johnson sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $270.39, for a total value of $2,703,900.00. Following the transaction, the director owned 12,037 shares in the company, valued at $3,254,684.43. The trade was a 45.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 28,612 shares of company stock worth $7,317,398. 0.43% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LITE shares. Northland Securities set a $350.00 price target on Lumentum in a report on Wednesday, December 3rd. Morgan Stanley upped their target price on shares of Lumentum to $350.00 and gave the company an “equal weight” rating in a report on Friday. Wolfe Research reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Lumentum in a research report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Lumentum in a research report on Monday, December 29th. Finally, Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. One equities research 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $288.06.

Lumentum Stock Up 2.7%

LITE opened at $391.84 on Friday. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $448.00. The business has a 50 day moving average price of $350.73 and a two-hundred day moving average price of $225.41. 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 company has a market cap of $27.78 billion, a PE ratio of 262.98 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last released its earnings results 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 business had revenue of $533.80 million for the quarter, compared to analyst estimates of $525.10 million. During the same quarter in the previous year, the company posted $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. As a group, research analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS 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.