679 Shares in Lumentum Holdings Inc. $LITE Purchased by Cigna Investments Inc. New

Cigna Investments Inc. New purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 679 shares of the technology company’s stock, valued at approximately $250,000.

A number of other large investors also recently bought and sold shares of LITE. Vanguard Group Inc. increased its holdings in shares of Lumentum by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock valued at $1,217,930,000 after purchasing an additional 41,975 shares in the last quarter. Hood River Capital Management LLC boosted its holdings in Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after buying an additional 994,551 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after buying an additional 1,545,199 shares in the last quarter. Alliancebernstein L.P. grew its position in Lumentum by 4.4% during the third quarter. Alliancebernstein L.P. now owns 1,085,119 shares of the technology company’s stock valued at $176,560,000 after buying an additional 45,953 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Lumentum by 707.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock valued at $366,555,000 after buying an additional 871,249 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Yuen Wupen sold 3,157 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the sale, the insider directly owned 88,439 shares in the company, valued at approximately $47,580,182. The trade was a 3.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vincent Retort sold 3,441 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the completion of the transaction, the insider directly owned 95,975 shares in the company, valued at $52,381,235.50. The trade was a 3.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 65,775 shares of company stock valued at $38,851,343 over the last 90 days. Company insiders own 0.43% of the company’s stock.

Lumentum Price Performance

LITE stock opened at $826.88 on Friday. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $827.56. The firm has a market cap of $59.04 billion, a PE ratio of 253.64 and a beta of 1.38. The firm’s 50 day moving average price is $622.91 and its 200-day moving average price is $391.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61.

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

Analysts Set New Price Targets

LITE has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Stifel Nicolaus boosted their price objective on Lumentum to $800.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Rosenblatt Securities restated a “buy” rating and issued a $900.00 target price on shares of Lumentum in a report on Wednesday, March 18th. TD Cowen initiated coverage on Lumentum in a research note on Thursday, March 12th. They issued a “hold” rating and a $675.00 target price for the company. Finally, Needham & Company LLC boosted their price target on shares of Lumentum to $850.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and an average price target of $575.06.

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.