3,077 Shares in Lumentum Holdings Inc. $LITE Bought by CWC Advisors LLC.

Key Points

• CWC Advisors LLC purchased a new stake in Lumentum Holdings Inc., acquiring 3,077 shares valued at approximately $292,000.
• Institutional investors now hold 94.05% of Lumentum's stock, with several large investors, including PointState Capital, making significant new stakes recently.
• Analysts are divided on Lumentum, with ratings ranging from a strong buy to a hold, and an average price target set at $128.00.

CWC Advisors LLC. bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,077 shares of the technology company's stock, valued at approximately $292,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund lifted its stake in Lumentum by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company's stock valued at $881,000 after buying an additional 176 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its stake in Lumentum by 6.8% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,465 shares of the technology company's stock valued at $216,000 after buying an additional 220 shares during the period. California State Teachers Retirement System lifted its stake in Lumentum by 0.4% in the fourth quarter. California State Teachers Retirement System now owns 64,170 shares of the technology company's stock valued at $5,387,000 after buying an additional 251 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Lumentum by 36.8% in the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company's stock worth $59,000 after acquiring an additional 254 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in shares of Lumentum by 103.2% in the first quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company's stock worth $32,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Insider Transactions at Lumentum

In other news, SVP Jae Kim sold 4,507 shares of Lumentum stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $116.88, for a total value of $526,778.16. Following the transaction, the senior vice president owned 33,465 shares in the company, valued at approximately $3,911,389.20. This trade represents a 11.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan S. Lowe sold 20,000 shares of Lumentum stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $93.47, for a total value of $1,869,400.00. Following the completion of the transaction, the director owned 230,471 shares in the company, valued at approximately $21,542,124.37. The trade was a 7.98% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,687 shares of company stock worth $6,628,952. Corporate insiders own 0.19% of the company's stock.

Lumentum Stock Performance

NASDAQ:LITE traded down $0.61 during mid-day trading on Tuesday, hitting $164.11. 793,984 shares of the stock were exchanged, compared to its average volume of 2,756,141. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 714.70 and a beta of 1.42. The firm's 50-day simple moving average is $126.51 and its 200 day simple moving average is $91.00. 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 fifty-two week low of $45.65 and a fifty-two week high of $173.38.

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 for the quarter, beating the consensus estimate of $0.79 by $0.09. The firm had revenue of $480.70 million during the quarter, compared to analysts' expectations of $465.27 million. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.The company's quarterly revenue was up 55.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 EPS. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. As a group, equities analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Barclays increased their price target on Lumentum from $135.00 to $165.00 and gave the stock an "overweight" rating in a report on Tuesday, September 9th. Citigroup assumed coverage on Lumentum in a report on Friday, August 29th. They issued a "buy" rating and a $165.00 price target for the company. Bank of America upgraded Lumentum from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $78.00 to $135.00 in a report on Wednesday, August 13th. Morgan Stanley increased their price objective on Lumentum from $92.00 to $100.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 13th. Finally, Susquehanna increased their price objective on Lumentum to $125.00 and gave the stock a "positive" rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $133.36.

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.