Ballentine Partners LLC Buys Shares of 1,167 Lumentum Holdings Inc. $LITE

Ballentine Partners LLC bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,167 shares of the technology company’s stock, valued at approximately $430,000.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in Lumentum by 363.9% in the third 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 during the period. V Square Quantitative Management LLC bought a new position in shares of Lumentum in the fourth quarter worth about $28,000. Danske Bank A S bought a new position in shares of Lumentum in the third quarter worth about $33,000. Chesapeake Asset Management LLC purchased a new position in shares of Lumentum during the 4th quarter valued at about $37,000. Finally, BOCHK Asset Management Ltd bought a new position in shares of Lumentum during the 4th quarter valued at approximately $37,000. Institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and set a $1,200.00 price objective on shares of Lumentum in a research note on Wednesday, May 6th. Northland Securities set a $1,000.00 price objective on Lumentum in a research note on Monday, April 20th. Stifel Nicolaus boosted their price objective on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. BNP Paribas Exane boosted their price objective on Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Finally, Bank of America boosted their price objective on Lumentum to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,012.43.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum has been added to the Nasdaq-100, a milestone that is driving fresh buying from index funds and momentum investors. Lumentum Joins the Nasdaq-100 Index®, Achieving New Milestone in Global Growth
• Positive Sentiment: Recent Q3 results beat expectations, and management’s guidance pointed to continued strength from AI and cloud data center demand, reinforcing the bull case for LITE. Lumentum Stock Rises 6% After Q3 Earnings: Should You Hold or Fold?
• Positive Sentiment: Northland Securities raised FY2027 EPS estimates for Lumentum, and Citic Securities lifted its price target to $1,186, signaling stronger long-term earnings expectations. Citic Securities adjusts price target on Lumentum
• Neutral Sentiment: Several recent articles argue that Lumentum’s rally has been so strong that investors are now questioning whether the stock is still fairly valued after a large year-to-date surge.
• Neutral Sentiment: Commentary also notes that supply constraints and a premium valuation could limit near-term upside even as demand remains strong.

Lumentum Stock Down 5.8%

Shares of LITE opened at $992.37 on Wednesday. The business’s 50 day moving average is $793.08 and its 200 day moving average is $520.30. The company has a market capitalization of $77.21 billion, a PE ratio of 183.77 and a beta of 1.53. Lumentum Holdings Inc. has a 12-month low of $71.04 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.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.10. The company had revenue of $808.40 million for 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%.The firm’s quarterly revenue was up 90.1% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Research analysts expect that Lumentum Holdings Inc. will post 5.96 earnings per share for the current fiscal year.

Insider Activity at Lumentum

In related news, insider Vincent Retort sold 3,441 shares of Lumentum stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the sale, the insider owned 95,975 shares of the company’s stock, valued at approximately $52,381,235.50. This trade represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ian Small sold 3,500 shares of Lumentum stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $911.17, for a total value of $3,189,095.00. Following the sale, the director directly owned 25,962 shares in the company, valued at $23,655,795.54. This trade represents a 11.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 78,359 shares of company stock worth $53,062,952 in the last three months. Corporate 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.