Jefferies Financial Group Inc. Makes New $363,000 Investment in Lumentum Holdings Inc. $LITE

Jefferies Financial Group Inc. acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 985 shares of the technology company’s stock, valued at approximately $363,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Lumentum by 363.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after acquiring an additional 131 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Lumentum during the 4th quarter valued at $28,000. Danske Bank A S purchased a new position in shares of Lumentum during the 3rd quarter valued at $33,000. Chesapeake Asset Management LLC purchased a new position in shares of Lumentum during the 4th quarter valued at $37,000. Finally, BOCHK Asset Management Ltd purchased a new position in shares of Lumentum during the 4th quarter valued at $37,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Lumentum Trading Down 0.7%

Shares of NASDAQ:LITE opened at $854.96 on Friday. The stock has a market capitalization of $66.52 billion, a PE ratio of 158.33 and a beta of 1.53. Lumentum Holdings Inc. has a 1 year low of $71.04 and a 1 year high of $1,085.68. The firm has a fifty day moving average price of $862.40 and a 200 day moving average price of $583.63. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The firm had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. Lumentum’s revenue for the quarter was up 90.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Analysts expect that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Insider Transactions at Lumentum

In related news, insider Yuen Wupen sold 3,210 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $3,062,179.50. Following the completion of the sale, the insider directly owned 81,488 shares in the company, valued at approximately $77,735,477.60. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Ian Small sold 4,954 shares of Lumentum stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the completion of the transaction, the director owned 21,008 shares in the company, valued at $18,236,414.56. This trade represents a 19.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 35,844 shares of company stock valued at $34,003,107 in the last three months. 0.43% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Lumentum in a report on Tuesday, April 21st. TD Cowen boosted their price target on shares of Lumentum from $875.00 to $995.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Mizuho set a $1,100.00 price target on shares of Lumentum in a report on Wednesday, May 6th. Finally, BNP Paribas Exane boosted their price target on shares of Lumentum from $1,040.00 to $1,300.00 in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and a consensus price target of $1,012.43.

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.