Lumentum Holdings Inc. $LITE Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 6.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 32,236 shares of the technology company’s stock after selling 2,277 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Lumentum were worth $5,245,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. FengHe Fund Management Pte. Ltd. purchased a new stake in Lumentum in the third quarter valued at approximately $71,771,000. Pacer Advisors Inc. purchased a new position in shares of Lumentum during the third quarter worth $1,512,000. Leeward Investments LLC MA grew its stake in shares of Lumentum by 14.8% in the second quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock valued at $49,092,000 after buying an additional 66,541 shares in the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of Lumentum in the 3rd quarter valued at $1,942,000. Finally, Braun Stacey Associates Inc. acquired a new position in Lumentum during the 3rd quarter worth about $15,125,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Trading Up 3.9%

NASDAQ LITE opened at $385.00 on Thursday. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $402.79. The firm has a 50 day moving average of $345.04 and a two-hundred day moving average of $221.34. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77. The stock has a market capitalization of $27.30 billion, a PE ratio of 258.39 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The business had revenue of $533.80 million for the quarter, compared to analyst estimates of $525.10 million. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The company’s revenue was up 58.4% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. As a group, research analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Lumentum news, Director Julia Suzanne Johnson sold 10,000 shares of Lumentum stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $270.39, for a total transaction of $2,703,900.00. Following the completion of the sale, the director directly owned 12,037 shares of the company’s stock, valued at $3,254,684.43. The trade was a 45.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Pamela Fletcher sold 3,421 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total value of $935,746.13. Following the completion of the transaction, the director owned 10,561 shares in the company, valued at approximately $2,888,750.33. The trade was a 24.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 28,612 shares of company stock valued at $7,317,398 over the last 90 days. 0.43% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on LITE. Wall Street Zen downgraded Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. B. Riley lifted their price objective on shares of Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Citigroup upped their target price on shares of Lumentum from $240.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Wolfe Research reissued an “outperform” rating and issued a $240.00 price target on shares of Lumentum in a research report on Wednesday, November 5th. Finally, Rosenblatt Securities boosted their price target on shares of Lumentum to $380.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Lumentum has a consensus rating of “Moderate Buy” and a consensus target price of $285.19.

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.