Charles Schwab Investment Management Inc. Sells 14,348 Shares of Lumentum Holdings Inc. $LITE

Charles Schwab Investment Management Inc. decreased its holdings in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 723,686 shares of the technology company's stock after selling 14,348 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.05% of Lumentum worth $45,115,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of LITE. Capital World Investors raised its position in shares of Lumentum by 108.3% during the 4th quarter. Capital World Investors now owns 3,600,132 shares of the technology company's stock worth $302,231,000 after buying an additional 1,871,572 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Lumentum by 98.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,228,371 shares of the technology company's stock worth $103,122,000 after acquiring an additional 610,938 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Lumentum by 419.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 444,147 shares of the technology company's stock worth $37,286,000 after purchasing an additional 583,330 shares during the last quarter. Capital Research Global Investors acquired a new position in Lumentum in the fourth quarter worth approximately $42,415,000. Finally, Hood River Capital Management LLC acquired a new position in Lumentum in the fourth quarter worth approximately $32,810,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LITE. Barclays boosted their price objective on shares of Lumentum from $75.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. B. Riley upped their target price on Lumentum from $73.00 to $83.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Susquehanna increased their target price on shares of Lumentum to $125.00 and gave the stock a "positive" rating in a report on Tuesday, August 12th. Raymond James Financial increased their price objective 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. Finally, Morgan Stanley increased their price objective on shares of Lumentum from $92.00 to $100.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $122.85.

Insider Buying and Selling at Lumentum

In other Lumentum news, insider Yuen Wupen sold 241 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $108.34, for a total transaction of $26,109.94. Following the completion of the sale, the insider directly owned 78,597 shares in the company, valued at $8,515,198.98. The trade was a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julia Suzanne Johnson sold 1,250 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $119.06, for a total transaction of $148,825.00. Following the transaction, the director owned 22,037 shares in the company, valued at $2,623,725.22. This trade represents a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,313 shares of company stock valued at $7,777,835. Corporate insiders own 0.19% of the company's stock.

Lumentum Stock Performance

Shares of NASDAQ LITE traded up $0.67 during midday trading on Thursday, reaching $116.56. The company had a trading volume of 690,548 shares, compared to its average volume of 2,586,575. The stock has a market cap of $8.09 billion, a P/E ratio of 506.23 and a beta of 1.33. The business's 50-day simple moving average is $100.72 and its 200 day simple moving average is $79.58. The company has a current ratio of 4.37, a quick ratio of 3.18 and a debt-to-equity ratio of 2.26. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $129.98.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. The company had revenue of $480.70 million during 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%. Lumentum's revenue was up 55.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 EPS. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. On average, analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

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.