Mcdonald Partners LLC Sells 615 Shares of Lumentum Holdings Inc. $LITE

Mcdonald Partners LLC decreased its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,820 shares of the technology company’s stock after selling 615 shares during the quarter. Lumentum comprises approximately 2.0% of Mcdonald Partners LLC’s holdings, making the stock its 8th largest position. Mcdonald Partners LLC’s holdings in Lumentum were worth $6,200,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Lumentum during the 4th quarter valued at approximately $28,000. Chesapeake Asset Management LLC bought a new stake in Lumentum during the 4th quarter valued at approximately $37,000. BOCHK Asset Management Ltd bought a new stake in Lumentum during the 4th quarter valued at approximately $37,000. EverSource Wealth Advisors LLC raised its holdings in Lumentum by 363.9% in the 3rd 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 in the last quarter. Finally, Danske Bank A S acquired a new position in Lumentum in the 3rd quarter valued at approximately $33,000. Institutional investors own 94.05% of the company’s stock.

Insider Activity

In other Lumentum news, insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $591.32, for a total value of $26,624,774.32. Following the transaction, the insider directly owned 102,455 shares in the company, valued at $60,583,690.60. The trade was a 30.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yuen Wupen sold 3,157 shares of the business’s stock in a transaction dated 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 completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 65,775 shares of company stock valued at $38,851,343 in the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LITE has been the subject of several recent research reports. Citigroup upped their price target on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Susquehanna upped their price target on Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a report on Monday, April 20th. Needham & Company LLC upped their price target on Lumentum from $880.00 to $1,040.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Mizuho upped their price target on Lumentum from $750.00 to $930.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Finally, Zacks Research cut Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $757.25.

Lumentum Price Performance

NASDAQ:LITE opened at $949.93 on Friday. The firm has a market cap of $67.83 billion, a PE ratio of 291.39 and a beta of 1.53. Lumentum Holdings Inc. has a 12 month low of $60.38 and a 12 month high of $985.13. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $760.12 and its two-hundred day moving average price is $484.10.

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

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.