Baader Bank Aktiengesellschaft Makes New $1.12 Million Investment in Lumentum Holdings Inc. $LITE

Baader Bank Aktiengesellschaft acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 3rd quarter, Holdings Channel reports. The fund acquired 6,890 shares of the technology company’s stock, valued at approximately $1,121,000.

Other institutional investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new position in Lumentum during the second quarter worth about $38,000. MAI Capital Management grew its holdings in Lumentum by 27.0% in the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after buying an additional 96 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Lumentum during the 3rd quarter valued at about $49,000. Cullen Frost Bankers Inc. purchased a new position in shares of Lumentum during the 3rd quarter worth about $49,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after acquiring an additional 254 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lumentum

In other Lumentum news, insider Yuen Wupen sold 822 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $258.96, for a total transaction of $212,865.12. Following the sale, the insider owned 95,077 shares in the company, valued at $24,621,139.92. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Penny Herscher sold 4,849 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $535.48, for a total value of $2,596,542.52. Following the transaction, the director directly owned 6,057 shares in the company, valued at approximately $3,243,402.36. This represents a 44.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 12,029 shares of company stock valued at $4,444,022. 0.43% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LITE shares. Stifel Nicolaus boosted their target price on shares of Lumentum to $480.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Citigroup boosted their price objective on shares of Lumentum to $560.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Raymond James Financial downgraded 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. UBS Group lifted their target price on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, B. Riley Securities raised Lumentum from a “neutral” rating to a “buy” rating and boosted their price target for the company from $147.00 to $526.00 in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and a consensus price target of $444.94.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $574.11 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $599.50. The company has a market capitalization of $40.99 billion, a price-to-earnings ratio of 176.11 and a beta of 1.51. The business has a 50-day moving average of $383.45 and a 200-day moving average of $248.31.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. During the same quarter last year, the firm posted $0.42 earnings per share. The business’s quarterly revenue was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, equities analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

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.