Federation des caisses Desjardins du Quebec Has $1.53 Million Position in Lumentum Holdings Inc. $LITE

Federation des caisses Desjardins du Quebec boosted its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 18.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,528 shares of the technology company's stock after purchasing an additional 3,819 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Lumentum were worth $1,529,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Analog Century Management LP bought a new position in shares of Lumentum during the first quarter worth about $60,348,000. Nuveen Asset Management LLC boosted its stake in Lumentum by 98.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,228,371 shares of the technology company's stock valued at $103,122,000 after purchasing an additional 610,938 shares during the period. Channing Capital Management LLC bought a new position in Lumentum in the 1st quarter worth about $36,715,000. Nuveen LLC acquired a new stake in shares of Lumentum in the first quarter valued at approximately $27,054,000. Finally, Junto Capital Management LP acquired a new stake in shares of Lumentum in the first quarter valued at approximately $20,974,000. 94.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lumentum

In related news, SVP Jae Kim sold 4,507 shares of Lumentum stock in a transaction dated 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 of the company's stock, 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 can be accessed through this hyperlink. Also, CFO Wajid Ali sold 2,526 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $124.39, for a total transaction of $314,209.14. Following the sale, the chief financial officer directly owned 77,087 shares of the company's stock, valued at $9,588,851.93. This represents a 3.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,687 shares of company stock worth $8,398,352. 0.19% of the stock is owned by insiders.

Lumentum Price Performance

NASDAQ LITE traded down $1.86 on Friday, reaching $163.02. The company's stock had a trading volume of 2,953,391 shares, compared to its average volume of 3,671,019. The firm's 50 day moving average is $117.36 and its two-hundred day moving average is $86.48. The stock has a market cap of $11.40 billion, a PE ratio of 708.78 and a beta of 1.42. 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 twelve month low of $45.65 and a twelve month high of $168.01.

Lumentum (NASDAQ:LITE - Get Free Report) last released its 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. The business had revenue of $480.70 million during the quarter, compared to analyst estimates of $465.27 million. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The business's quarterly revenue was up 55.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 earnings per share. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. As a group, sell-side analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Susquehanna boosted their price objective on Lumentum to $125.00 and gave the stock a "positive" rating in a research report on Tuesday, August 12th. Bank of America upgraded Lumentum from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $78.00 to $135.00 in a research report on Wednesday, August 13th. B. Riley raised their price target on Lumentum from $73.00 to $83.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. KGI Securities began coverage on shares of Lumentum in a research note on Monday, August 18th. They set an "outperform" rating on the stock. Finally, Morgan Stanley increased their target price on shares of Lumentum from $92.00 to $100.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $128.00.

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.