Estate Counselors LLC Buys Shares of 11,500 Lumentum Holdings Inc. $LITE

Key Points

• Estate Counselors LLC initiated a new position in Lumentum in Q4, buying 11,500 shares worth about $4.24 million.
• Lumentum recently beat quarterly EPS and revenue (EPS $1.67 vs. $1.41 estimate; revenue $665.5M), with revenue up 65.5% year-over-year and management guiding Q3 2026 EPS of 2.150–2.350.
• Insiders have been net sellers — 65,775 shares sold (~$38.85M) in the last 90 days — while institutional ownership is high at 94.05% and analysts rate the stock a consensus "Moderate Buy" (average target ~$757.25).

Estate Counselors LLC bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,500 shares of the technology company's stock, valued at approximately $4,239,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Allworth Financial LP increased its stake in shares of Lumentum by 6.4% during the third quarter. Allworth Financial LP now owns 784 shares of the technology company's stock valued at $128,000 after purchasing an additional 47 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Lumentum by 0.4% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company's stock valued at $2,532,000 after purchasing an additional 64 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Lumentum by 58.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company's stock valued at $76,000 after purchasing an additional 76 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Lumentum during the fourth quarter valued at approximately $28,000. Finally, UMB Bank n.a. increased its stake in shares of Lumentum by 11.2% during the third quarter. UMB Bank n.a. now owns 920 shares of the technology company's stock valued at $150,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 94.05% of the company's stock.

Lumentum Price Performance

Shares of LITE opened at $949.93 on Monday. The company has a market capitalization of $67.83 billion, a P/E ratio of 291.39 and a beta of 1.53. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $760.12 and a 200 day moving average of $486.41. Lumentum Holdings Inc. has a twelve month low of $60.38 and a twelve month high of $985.13.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.26. The company had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm's quarterly revenue was up 65.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities research analysts anticipate that Lumentum Holdings Inc. will post 5.87 earnings per share for the current fiscal year.

Insider Activity at Lumentum

In other Lumentum news, Director Penny Herscher sold 4,000 shares of Lumentum stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $597.29, for a total value of $2,389,160.00. Following the completion of the sale, the director owned 2,057 shares of the company's stock, valued at approximately $1,228,625.53. The trade was a 66.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vincent Retort sold 3,441 shares of Lumentum stock in a transaction that occurred on Tuesday, February 17th. The stock was 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 of the company's stock, valued at approximately $52,381,235.50. This trade represents a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 65,775 shares of company stock worth $38,851,343. Company insiders own 0.43% of the company's stock.

Wall Street Analysts Forecast Growth

LITE has been the subject of a number of analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $900.00 target price on shares of Lumentum in a research note on Wednesday, March 18th. Mizuho raised their target price on shares of Lumentum from $750.00 to $930.00 and gave the company an "outperform" rating in a research note on Wednesday, April 8th. Zacks Research downgraded shares of Lumentum from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. UBS Group raised their price target on shares of Lumentum from $215.00 to $455.00 and gave the company a "neutral" rating in a research report on Wednesday, February 4th. Finally, Susquehanna raised their price target on shares of Lumentum from $550.00 to $1,100.00 and gave the company a "positive" rating in a research report on Monday, April 20th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Lumentum has a consensus rating of "Moderate Buy" and an average target price of $757.25.

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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