Advisors Asset Management Inc. Raises Holdings in Lumentum Holdings Inc. $LITE

Advisors Asset Management Inc. increased its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 592.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,778 shares of the technology company’s stock after acquiring an additional 6,655 shares during the period. Advisors Asset Management Inc.’s holdings in Lumentum were worth $1,266,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of LITE. NewEdge Advisors LLC boosted its position in Lumentum by 109.9% in the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after purchasing an additional 6,275 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Lumentum by 9.1% in the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after purchasing an additional 680 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Lumentum by 42.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,691 shares of the technology company’s stock valued at $636,000 after purchasing an additional 1,987 shares during the period. Allianz Asset Management GmbH boosted its holdings in Lumentum by 13.3% during the second quarter. Allianz Asset Management GmbH now owns 61,978 shares of the technology company’s stock worth $5,892,000 after buying an additional 7,256 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Lumentum during the second quarter valued at $38,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lumentum

In other news, insider Yuen Wupen sold 822 shares of the business’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 transaction, the insider directly owned 95,077 shares in the company, valued at $24,621,139.92. The trade was a 0.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vincent Retort sold 45,026 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $591.32, for a total value of $26,624,774.32. Following the completion of the sale, the insider directly owned 102,455 shares of the company’s stock, valued at approximately $60,583,690.60. This represents a 30.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,118 shares of company stock worth $32,759,088 in the last quarter. Insiders own 0.43% of the company’s stock.

Lumentum Stock Down 3.6%

NASDAQ LITE opened at $562.74 on Tuesday. The business has a fifty day moving average price of $397.59 and a 200 day moving average price of $259.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The company has a market cap of $40.18 billion, a P/E ratio of 172.62 and a beta of 1.51. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $603.83.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $147.00 to $526.00 in a research report on Wednesday, February 4th. Wall Street Zen lowered Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Bank of America raised their price objective on Lumentum to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, Citigroup boosted their price objective on Lumentum to $560.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Lumentum has a consensus rating of “Moderate Buy” and an average target price of $444.94.

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.