CWC Advisors LLC. Purchases Shares of 3,077 Lumentum Holdings Inc. $LITE

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 position in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 3,077 shares of the technology company's stock, valued at approximately $292,000.

Other large investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Lumentum by 1.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company's stock worth $881,000 after purchasing an additional 176 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Lumentum by 6.8% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,465 shares of the technology company's stock worth $216,000 after purchasing an additional 220 shares during the period. California State Teachers Retirement System lifted its stake in shares of Lumentum by 0.4% during the 4th quarter. California State Teachers Retirement System now owns 64,170 shares of the technology company's stock worth $5,387,000 after purchasing an additional 251 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company's stock worth $59,000 after purchasing an additional 254 shares during the period. Finally, Golden State Wealth Management LLC lifted its stake in shares of Lumentum by 103.2% during the 1st quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company's stock worth $32,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Lumentum Stock Down 1.6%

Shares of Lumentum stock traded down $2.77 on Friday, hitting $168.73. 4,446,450 shares of the company traded hands, compared to its average volume of 3,854,425. The company has a 50-day moving average price of $125.06 and a 200 day moving average price of $90.08. The company has a quick ratio of 3.18, a current ratio of 4.37 and a debt-to-equity ratio of 2.26. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $173.38. The company has a market cap of $11.79 billion, a PE ratio of 733.61 and a beta of 1.42.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 EPS for the quarter, beating 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 business had revenue of $480.70 million for the quarter, compared to analysts' expectations of $465.27 million. During the same period in the previous year, the company posted $0.06 EPS. Lumentum's revenue was up 55.9% on a year-over-year basis. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Sell-side analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Insider Transactions at Lumentum

In related news, insider Vincent Retort sold 22,719 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $110.00, for a total value of $2,499,090.00. Following the completion of the sale, the insider directly owned 121,747 shares in the company, valued at approximately $13,392,170. This represents a 15.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Yuen Wupen sold 3,281 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $124.86, for a total transaction of $409,665.66. Following the completion of the sale, the insider owned 101,273 shares of the company's stock, valued at $12,644,946.78. This represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,687 shares of company stock valued at $6,628,952 in the last three months. 0.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LITE has been the topic of a number of recent analyst reports. Wolfe Research initiated coverage on Lumentum in a research note on Tuesday, August 12th. They set an "outperform" rating on the stock. Stifel Nicolaus increased their target price on Lumentum from $100.00 to $132.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. UBS Group increased their target price on Lumentum from $78.00 to $130.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Rosenblatt Securities reissued a "buy" rating and issued a $150.00 price objective on shares of Lumentum in a research report on Thursday, August 14th. Finally, Bank of America raised Lumentum from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $78.00 to $135.00 in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $128.00.

Lumentum Company Profile

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.