Leonteq Securities AG Acquires 2,495 Shares of Lumentum Holdings Inc. $LITE

Leonteq Securities AG increased its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 955.9% during the first quarter, Holdings Channel.com reports. The firm owned 2,756 shares of the technology company’s stock after acquiring an additional 2,495 shares during the quarter. Leonteq Securities AG’s holdings in Lumentum were worth $1,937,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hilton Head Capital Partners LLC bought a new position in shares of Lumentum during the first quarter valued at about $25,000. Parallel Advisors LLC boosted its holdings in Lumentum by 16.0% during the 4th quarter. Parallel Advisors LLC now owns 326 shares of the technology company’s stock valued at $120,000 after acquiring an additional 45 shares during the period. Allworth Financial LP boosted its holdings in Lumentum by 6.4% during the 3rd quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock valued at $128,000 after acquiring an additional 47 shares during the period. UMB Bank n.a. grew its position in Lumentum by 5.2% during the 4th quarter. UMB Bank n.a. now owns 968 shares of the technology company’s stock worth $357,000 after acquiring an additional 48 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its position in Lumentum by 687.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 63 shares of the technology company’s stock worth $44,000 after acquiring an additional 55 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lumentum

In other news, insider Yuen Wupen sold 3,210 shares of Lumentum stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $3,062,179.50. Following the sale, the insider owned 81,488 shares of the company’s stock, valued at approximately $77,735,477.60. The trade was a 3.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Ian Small sold 4,954 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the transaction, the director owned 21,008 shares in the company, valued at $18,236,414.56. This represents a 19.08% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 41,260 shares of company stock worth $38,859,220. 0.43% of the stock is owned by corporate insiders.

Lumentum Trading Down 9.1%

NASDAQ LITE opened at $728.32 on Friday. The stock has a market cap of $56.66 billion, a P/E ratio of 134.87 and a beta of 1.48. Lumentum Holdings Inc. has a fifty-two week low of $88.93 and a fifty-two week high of $1,085.68. The stock has a 50 day simple moving average of $895.46 and a two-hundred day simple moving average of $683.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14.

Lumentum (NASDAQ:LITE) last posted 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 firm had revenue of $808.40 million for 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%.The business’s revenue was up 90.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, analysts forecast that Lumentum Holdings Inc. will post 6.4 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on LITE. Northland Securities boosted their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. raised their target price on shares of Lumentum from $950.00 to $1,130.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Stifel Nicolaus lifted their target price on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Needham & Company LLC reiterated a “buy” rating and set a $1,040.00 price target on shares of Lumentum in a report on Tuesday, June 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Lumentum in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.95.

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.