Lumentum Holdings Inc. $LITE Shares Purchased by Brookstone Capital Management

Brookstone Capital Management raised its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 145.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,725 shares of the technology company’s stock after purchasing an additional 1,021 shares during the period. Brookstone Capital Management’s holdings in Lumentum were worth $1,212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. grew its position in shares of Lumentum by 45.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock valued at $136,306,000 after purchasing an additional 114,714 shares in the last quarter. Andar Capital Management HK Ltd acquired a new stake in shares of Lumentum in the fourth quarter valued at approximately $4,325,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Lumentum during the fourth quarter worth approximately $6,755,000. Maxi Investments CY Ltd purchased a new position in Lumentum during the fourth quarter worth approximately $2,212,000. Finally, Headwater Capital Co Ltd acquired a new position in Lumentum during the third quarter worth $20,339,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group upped their target price on Lumentum from $455.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Craig Hallum boosted their price target on shares of Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. B. Riley Financial reissued a “buy” rating on shares of Lumentum in a report on Friday, May 1st. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Finally, Citigroup lifted their target price on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.95.

Lumentum Price Performance

LITE opened at $861.97 on Friday. The stock’s 50-day moving average price is $901.14 and its 200 day moving average price is $667.33. Lumentum Holdings Inc. has a 12-month low of $88.37 and a 12-month high of $1,085.68. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The firm has a market cap of $67.06 billion, a price-to-earnings ratio of 159.62 and a beta of 1.47.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. The company had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.Lumentum’s revenue was up 90.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, sell-side analysts expect that Lumentum Holdings Inc. will post 6.36 earnings per share for the current year.

Insider Transactions at Lumentum

In related news, Director Ian Small sold 4,954 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the sale, the director directly owned 21,008 shares of the company’s stock, valued at $18,236,414.56. This represents a 19.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yuen Wupen sold 3,210 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $3,062,179.50. Following the sale, the insider directly owned 81,488 shares in the company, valued at approximately $77,735,477.60. The trade was a 3.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last ninety days, insiders have sold 41,260 shares of company stock valued at $38,859,220. 0.43% of the stock is owned by corporate insiders.

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.