Lumentum Holdings Inc. $LITE Stake Decreased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC reduced its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 54.9% during the 3rd quarter, Holdings Channel reports. The fund owned 38,219 shares of the technology company’s stock after selling 46,546 shares during the quarter. Lumentum comprises 1.5% of Lisanti Capital Growth LLC’s portfolio, making the stock its 16th largest holding. Lisanti Capital Growth LLC’s holdings in Lumentum were worth $6,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new position in shares of Lumentum during the second quarter valued at $38,000. MAI Capital Management lifted its stake in shares of Lumentum by 27.0% in the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after acquiring an additional 96 shares during the period. Steigerwald Gordon & Koch Inc. bought a new position in shares of Lumentum in the third quarter valued at approximately $49,000. Cullen Frost Bankers Inc. bought a new position in shares of Lumentum in the third quarter valued at approximately $49,000. Finally, Advisors Asset Management Inc. raised its holdings in Lumentum by 36.8% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after purchasing an additional 254 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LITE shares. Morgan Stanley increased their price target on Lumentum to $350.00 and gave the company an “equal weight” rating in a research note on Friday. Rosenblatt Securities raised their target price on Lumentum to $380.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Needham & Company LLC boosted their price target on shares of Lumentum to $290.00 and gave the stock a “buy” rating in a research report on Monday, November 24th. JPMorgan Chase & Co. upped their price target on shares of Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Finally, Stifel Nicolaus lifted their price objective on shares of Lumentum from $220.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $288.06.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $391.84 on Friday. The company’s fifty day moving average is $350.73 and its two-hundred day moving average is $224.53. The company has a market cap of $27.78 billion, a P/E ratio of 262.98 and a beta of 1.51. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $448.00. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results 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 the consensus estimate of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.Lumentum’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Equities analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Yuen Wupen sold 822 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total value of $212,865.12. Following the transaction, the insider directly owned 95,077 shares of the company’s stock, valued at approximately $24,621,139.92. This represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jae Kim sold 170 shares of Lumentum stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $246.00, for a total value of $41,820.00. Following the sale, the senior vice president directly owned 38,400 shares of the company’s stock, valued at approximately $9,446,400. The trade was a 0.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 28,612 shares of company stock valued at $7,317,398 over the last ninety days. Insiders own 0.43% of the company’s stock.

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.