Advisors Preferred LLC Purchases Shares of 3,638 Lumentum Holdings Inc. $LITE

Key Points

• Advisors Preferred LLC established a new Q4 position in Lumentum, buying 3,638 shares valued at about $1.405 million, while institutional investors collectively own roughly 94.05% of the stock.
• Insiders sold meaningfully last quarter—Vincent Retort sold 3,441 shares (~$1.88M) and director Penny Herscher sold 4,000 shares (~$2.39M)—with insiders disposing of a total 65,775 shares worth $38.85M and now holding just 0.43%.
• Wall Street is largely positive with an average rating of Moderate Buy and an average price target of $757.25 (several firms raised targets up to $1,100); Lumentum also recently beat quarterly estimates (EPS $1.67 vs $1.41, revenue $665.5M, +65.5% YoY) and the stock trades near $949.93 (52-week high $985.13).

Advisors Preferred LLC purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,638 shares of the technology company's stock, valued at approximately $1,405,000.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company's stock worth $27,000 after purchasing an additional 131 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Lumentum in the 4th quarter worth about $28,000. Danske Bank A S purchased a new stake in shares of Lumentum in the 3rd quarter worth about $33,000. Chesapeake Asset Management LLC purchased a new stake in shares of Lumentum in the 4th quarter worth about $37,000. Finally, BOCHK Asset Management Ltd purchased a new stake in shares of Lumentum in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Insider Activity

In other Lumentum news, insider Vincent Retort sold 3,441 shares of the firm's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the completion of the sale, the insider directly owned 95,975 shares in the company, valued at approximately $52,381,235.50. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Penny Herscher sold 4,000 shares of the firm's stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $597.29, for a total transaction of $2,389,160.00. Following the sale, the director owned 2,057 shares of the company's stock, valued at approximately $1,228,625.53. This represents a 66.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 65,775 shares of company stock valued at $38,851,343 in the last quarter. 0.43% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on LITE. Barclays raised their target price on shares of Lumentum to $750.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 3rd. Citigroup raised their target price on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. B. Riley Financial reaffirmed a "buy" rating on shares of Lumentum in a research report on Friday. Susquehanna raised their target price on shares of Lumentum from $550.00 to $1,100.00 and gave the stock a "positive" rating in a research report on Monday, April 20th. Finally, Bank of America raised their target price on shares of Lumentum to $520.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 4th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $757.25.

Lumentum Price Performance

NASDAQ:LITE opened at $949.93 on Monday. The firm has a market cap of $67.83 billion, a P/E ratio of 291.39 and a beta of 1.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. Lumentum Holdings Inc. has a fifty-two week low of $60.38 and a fifty-two week high of $985.13. The firm has a 50-day simple moving average of $760.12 and a two-hundred day simple moving average of $486.41.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.26. The business had revenue of $665.50 million during 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%. Lumentum's revenue was up 65.5% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Analysts predict that Lumentum Holdings Inc. will post 5.87 earnings per share 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.

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