KCM Investment Advisors LLC Makes New Investment in Lumentum Holdings Inc. $LITE

KCM Investment Advisors LLC purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 720 shares of the technology company’s stock, valued at approximately $265,000.

Other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in Lumentum during the 4th quarter worth $28,000. Triumph Capital Management acquired a new stake in Lumentum during the 4th quarter worth $30,000. Harbour Investments Inc. raised its stake in Lumentum by 675.0% during the 4th quarter. Harbour Investments Inc. now owns 93 shares of the technology company’s stock worth $34,000 after buying an additional 81 shares during the period. Chesapeake Asset Management LLC acquired a new stake in Lumentum during the 4th quarter worth $37,000. Finally, BOCHK Asset Management Ltd acquired a new stake in Lumentum during the 4th quarter worth $37,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Buying and Selling

In other news, Director Isaac Hosojiro Harris sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $860.00, for a total value of $3,440,000.00. Following the completion of the transaction, the director owned 8,400 shares in the company, valued at $7,224,000. This trade represents a 32.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian Small sold 4,954 shares of Lumentum stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $868.07, for a total value of $4,300,418.78. Following the transaction, the director owned 21,008 shares of the company’s stock, valued at $18,236,414.56. The trade was a 19.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,260 shares of company stock worth $38,859,220 over the last three months. Company insiders own 0.43% of the company’s stock.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $957.24 on Tuesday. The stock has a market capitalization of $74.47 billion, a price-to-earnings ratio of 177.27 and a beta of 1.47. The business has a 50-day moving average of $900.25 and a 200-day moving average of $636.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. Lumentum Holdings Inc. has a fifty-two week low of $83.42 and a fifty-two week high of $1,085.68.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data 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 analysts’ expectations of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.Lumentum’s revenue for the quarter was up 90.1% compared to the same quarter last year. 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. As a group, sell-side analysts predict that Lumentum Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Craig Hallum raised their price objective on Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. Barclays raised their price objective on Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. UBS Group lifted their price target on Lumentum from $455.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Needham & Company LLC reissued a “buy” rating and issued a $1,040.00 price target on shares of Lumentum in a research note on Tuesday, June 9th. Finally, Northland Securities lifted their price target on Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average target price of $1,021.95.

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.