4,341 Shares in Lumentum Holdings Inc. $LITE Acquired by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC has acquired 4,341 shares of Lumentum Holdings Inc. for approximately $413,000 during the second quarter, indicating institutional interest in the stock.
• Lumentum reported a 55.9% increase in revenue year-over-year, with EPS of $0.88 for the last quarter, surpassing analyst expectations.
• Analysts have raised their price targets for Lumentum, with multiple firms issuing a “buy” rating and target prices as high as $165.00.

Counterpoint Mutual Funds LLC purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,341 shares of the technology company's stock, valued at approximately $413,000.

Several other institutional investors also recently made changes to their positions in LITE. Vanguard Group Inc. raised its position in shares of Lumentum by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company's stock worth $463,198,000 after buying an additional 47,811 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in Lumentum during the first quarter valued at about $260,000. UMB Bank n.a. increased its stake in Lumentum by 132.9% during the first quarter. UMB Bank n.a. now owns 785 shares of the technology company's stock worth $49,000 after acquiring an additional 448 shares during the last quarter. FORA Capital LLC purchased a new position in shares of Lumentum in the 1st quarter worth about $642,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Lumentum by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 159,154 shares of the technology company's stock valued at $9,922,000 after purchasing an additional 1,660 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum Trading Down 0.4%

Lumentum stock opened at $163.99 on Wednesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.18 and a current ratio of 4.37. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $173.38. The firm's 50-day moving average is $127.83 and its 200-day moving average is $91.51. The company has a market cap of $11.46 billion, a P/E ratio of 713.00 and a beta of 1.42.

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 the consensus estimate of $0.79 by $0.09. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The firm had revenue of $480.70 million for the quarter, compared to analyst estimates of $465.27 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. Lumentum's quarterly revenue was up 55.9% on a year-over-year basis. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. On average, equities analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on LITE shares. Needham & Company LLC reissued a "buy" rating and set a $145.00 target price (up previously from $135.00) on shares of Lumentum in a research report on Wednesday, August 13th. Stifel Nicolaus boosted their price objective on shares of Lumentum from $100.00 to $132.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Raymond James Financial raised their target price on shares of Lumentum from $125.00 to $145.00 and gave the company a "strong-buy" rating in a research note on Wednesday, August 13th. Citigroup started coverage on shares of Lumentum in a research report on Friday, August 29th. They set a "buy" rating and a $165.00 price target for the company. Finally, UBS Group increased their price target on Lumentum from $78.00 to $130.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $133.36.

Insider Buying and Selling at Lumentum

In other news, insider Vincent Retort sold 22,719 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $110.00, for a total transaction of $2,499,090.00. Following the completion of the transaction, the insider owned 121,747 shares of the company's stock, valued at approximately $13,392,170. The trade was a 15.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Wajid Ali sold 2,526 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $124.39, for a total transaction of $314,209.14. Following the completion of the sale, the chief financial officer directly owned 77,087 shares in the company, valued at approximately $9,588,851.93. This trade represents a 3.17% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,687 shares of company stock worth $6,628,952. 0.19% of the stock is owned by company insiders.

About Lumentum

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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