Nisa Investment Advisors LLC Purchases 1,630 Shares of Lumentum Holdings Inc. $LITE

Nisa Investment Advisors LLC increased its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 248.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,287 shares of the technology company’s stock after buying an additional 1,630 shares during the period. Nisa Investment Advisors LLC’s holdings in Lumentum were worth $843,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brookstone Capital Management bought a new position in shares of Lumentum in the 4th quarter valued at about $259,000. Retirement Systems of Alabama raised its holdings in shares of Lumentum by 0.8% in the 4th quarter. Retirement Systems of Alabama now owns 85,092 shares of the technology company’s stock valued at $31,364,000 after purchasing an additional 699 shares during the period. J. Safra Sarasin Holding AG bought a new stake in shares of Lumentum in the 4th quarter valued at about $298,000. Spire Wealth Management lifted its stake in Lumentum by 260.9% in the 4th quarter. Spire Wealth Management now owns 20,326 shares of the technology company’s stock valued at $7,492,000 after purchasing an additional 14,694 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Lumentum during the fourth quarter worth about $190,000. 94.05% of the stock is owned by institutional investors.

Lumentum Stock Performance

NASDAQ:LITE opened at $826.88 on Friday. The company has a market cap of $59.04 billion, a price-to-earnings ratio of 253.64 and a beta of 1.38. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $827.56. 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 stock has a fifty day moving average price of $622.91 and a 200-day moving average price of $391.32.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The business had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Lumentum’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. As a group, equities analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Insider Activity

In related news, 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 transaction of $26,624,774.32. Following the sale, the insider owned 102,455 shares in the company, valued at approximately $60,583,690.60. This trade represents a 30.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Wajid Ali sold 5,302 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the sale, the chief financial officer owned 66,287 shares in the company, valued at $45,812,934.31. This represents a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 65,775 shares of company stock valued at $38,851,343 in the last 90 days. 0.43% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LITE shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Lumentum in a research report on Monday, December 29th. TD Cowen started coverage on Lumentum in a research report on Thursday, March 12th. They issued a “hold” rating and a $675.00 price objective for the company. B. Riley Financial upgraded Lumentum from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $147.00 to $526.00 in a research note on Wednesday, February 4th. Needham & Company LLC boosted their target price on Lumentum to $850.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Finally, Barclays increased their price target on Lumentum to $750.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $575.06.

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.