Estate Counselors LLC Makes New $4.24 Million Investment in Lumentum Holdings Inc. $LITE

Estate Counselors LLC bought a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the fourth quarter, HoldingsChannel.com reports. The fund bought 11,500 shares of the technology company’s stock, valued at approximately $4,239,000.

A number of other large investors have also added to or reduced their stakes in LITE. EverSource Wealth Advisors LLC grew its position in Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after purchasing an additional 131 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Lumentum during the 4th quarter worth $28,000. Danske Bank A S purchased a new position in shares of Lumentum during the 3rd quarter worth $33,000. Chesapeake Asset Management LLC purchased a new position in shares of Lumentum during the 4th quarter worth $37,000. Finally, BOCHK Asset Management Ltd purchased a new position in shares of Lumentum during the 4th quarter worth $37,000. Institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

LITE opened at $949.93 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. Lumentum Holdings Inc. has a fifty-two week low of $60.38 and a fifty-two week high of $985.13. The firm’s fifty day moving average is $760.12 and its 200 day moving average is $486.41. The stock has a market cap of $67.83 billion, a price-to-earnings ratio of 291.39 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. During the same quarter in the previous year, the company earned $0.42 EPS. Lumentum’s revenue for the quarter was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, sell-side analysts forecast that Lumentum Holdings Inc. will post 5.87 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Wajid Ali sold 5,302 shares of Lumentum stock in a transaction on Friday, February 27th. The shares were sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the transaction, the chief financial officer owned 66,287 shares in the company, valued at approximately $45,812,934.31. The trade was a 7.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Yuen Wupen sold 3,157 shares of Lumentum stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the transaction, the insider owned 88,439 shares in the company, valued at approximately $47,580,182. This trade represents a 3.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 65,775 shares of company stock worth $38,851,343 in the last quarter. Corporate insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LITE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Lumentum in a research note on Tuesday, April 21st. TD Cowen lifted their price target on shares of Lumentum from $675.00 to $875.00 and gave the stock a “hold” rating in a research note on Friday, April 10th. B. Riley Financial reiterated a “buy” rating on shares of Lumentum in a research note on Friday. Stifel Nicolaus lifted their price target on shares of Lumentum to $800.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Needham & Company LLC lifted their price target on shares of Lumentum from $880.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $757.25.

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.