2,367 Shares in Lumentum Holdings Inc. $LITE Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC has acquired a new stake of 2,367 shares in Lumentum Holdings Inc., valued at approximately $225,000, during the second quarter.
• Wall Street analysts are optimistic about Lumentum's prospects, with several firms raising their target price; Raymond James increased its target from $125.00 to $145.00, maintaining a "strong-buy" rating.
• In the last quarter, insider Vincent Retort sold 22,719 shares at $110.00, reducing their position by 15.73%, while other insiders also sold shares worth a total of $4,759,552.

Callan Family Office LLC acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,367 shares of the technology company's stock, valued at approximately $225,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Lumentum by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company's stock worth $463,198,000 after purchasing an additional 47,811 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Lumentum during the 1st quarter valued at about $260,000. FORA Capital LLC acquired a new position in Lumentum in the 1st quarter valued at about $642,000. Principal Financial Group Inc. increased its stake in Lumentum by 1.1% during the first quarter. Principal Financial Group Inc. now owns 159,154 shares of the technology company's stock worth $9,922,000 after purchasing an additional 1,660 shares during the period. Finally, Quantitative Investment Management LLC acquired a new stake in shares of Lumentum during the first quarter worth about $1,424,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LITE. Raymond James Financial increased their target price on shares of Lumentum from $125.00 to $145.00 and gave the stock a "strong-buy" rating in a report on Wednesday, August 13th. B. Riley increased their price objective on Lumentum from $73.00 to $83.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Needham & Company LLC reissued a "buy" rating and set a $145.00 target price (up from $135.00) on shares of Lumentum in a research note on Wednesday, August 13th. Susquehanna upped their price target on Lumentum to $125.00 and gave the stock a "positive" rating in a report on Tuesday, August 12th. Finally, Wolfe Research initiated coverage on Lumentum in a research note on Tuesday, August 12th. They issued an "outperform" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.43.

Lumentum Price Performance

LITE stock opened at $163.23 on Friday. The business has a 50 day moving average price of $146.41 and a 200 day moving average price of $102.51. The company has a quick ratio of 3.18, a current ratio of 4.37 and a debt-to-equity ratio of 2.26. The stock has a market cap of $11.57 billion, a price-to-earnings ratio of 709.70 and a beta of 1.42. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $178.49.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The technology company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. The company had revenue of $480.70 million for the quarter, compared to analysts' expectations of $465.27 million. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The firm's revenue for the quarter was up 55.9% on a year-over-year basis. During the same quarter last year, the company earned $0.06 earnings per share. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Equities research analysts anticipate that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Transactions at Lumentum

In related news, insider Vincent Retort sold 22,719 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $110.00, for a total value of $2,499,090.00. Following the completion of the sale, the insider directly owned 121,747 shares of the company's stock, valued at $13,392,170. This represents a 15.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yuen Wupen sold 3,281 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $124.86, for a total value of $409,665.66. Following the transaction, the insider owned 101,273 shares in the company, valued at $12,644,946.78. This represents a 3.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,687 shares of company stock valued at $4,759,552 over the last quarter. 0.43% of the stock is owned by corporate insiders.

Lumentum Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.

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