Advisors Preferred LLC Makes New $1.06 Million Investment in Lumentum Holdings Inc. $LITE

Key Points

• Advisors Preferred LLC purchased 1,457 Lumentum shares worth approximately $1.06 million in the second quarter. Institutional investors collectively own 94.05% of the company.
• Lumentum reported quarterly EPS of $3.23, exceeding the $2.97 consensus estimate, while revenue rose 109.3% year over year to $1.01 billion. The company issued first-quarter 2027 EPS guidance of $4.05–$4.35.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $1,044.67; recent targets range from $1,000 to $1,200. The stock opened at $879.28 after trading up 6.2%.

Advisors Preferred LLC acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,457 shares of the technology company's stock, valued at approximately $1,061,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LITE. Hilton Head Capital Partners LLC purchased a new stake in Lumentum during the first quarter worth about $25,000. Sachetta LLC grew its holdings in shares of Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company's stock valued at $25,000 after purchasing an additional 19 shares in the last quarter. Truvestments Capital LLC grew its holdings in shares of Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company's stock valued at $28,000 after purchasing an additional 57 shares in the last quarter. Triumph Capital Management purchased a new stake in Lumentum during the 4th quarter worth approximately $30,000. Finally, Danske Bank A S purchased a new stake in Lumentum during the 3rd quarter worth approximately $33,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Lumentum Trading Up 6.2%

LITE opened at $879.28 on Friday. The firm has a market cap of $78.87 billion, a price-to-earnings ratio of -10.70 and a beta of 1.50. Lumentum Holdings Inc. has a 52 week low of $115.21 and a 52 week high of $1,085.68. The business's 50 day moving average is $810.86 and its two-hundred day moving average is $789.68. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. During the same period last year, the firm posted $0.88 earnings per share. The company's revenue for the quarter was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, research analysts predict that Lumentum Holdings Inc. will post 16.95 EPS for the current year.

Insider Transactions at Lumentum

In related news, insider Vincent Retort sold 3,183 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $909.43, for a total transaction of $2,894,715.69. Following the completion of the transaction, the insider directly owned 114,495 shares of the company's stock, valued at $104,125,187.85. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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, SVP Jae Kim sold 1,366 shares of the firm's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $909.43, for a total transaction of $1,242,281.38. Following the completion of the sale, the senior vice president owned 45,973 shares of the company's stock, valued at approximately $41,809,225.39. The trade was a 2.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last quarter, insiders sold 9,965 shares of company stock worth $8,993,110. Company insiders own 0.43% of the company's stock.

Analysts Set New Price Targets

LITE has been the topic of several recent research reports. Stifel Nicolaus upped their price target on Lumentum from $800.00 to $1,100.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Morgan Stanley boosted their price objective on Lumentum from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 12th. Needham & Company LLC restated a "buy" rating and set a $1,040.00 target price on shares of Lumentum in a research note on Wednesday, August 12th. Craig Hallum raised their target price on shares of Lumentum from $900.00 to $1,150.00 in a report on Wednesday, May 6th. Finally, Northland Securities lifted their price target on shares of Lumentum from $1,000.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 3rd. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,044.67.

Lumentum Company 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.

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