Kingstone Capital Partners Texas LLC Makes New Investment in Lumentum Holdings Inc. $LITE

Key Points

• Kingstone Capital Partners Texas LLC acquired 33,630 shares of Lumentum Holdings Inc., valued at approximately $3,197,000, marking a significant institutional investment in the technology company.
• Insider transactions revealed that key insiders sold a combined 61,687 shares of Lumentum stock, totaling around $6.63 million, indicating potential shifts in management confidence.
• Analysts have upgraded Lumentum's stock rating, with Bank of America raising its target price from $78.00 to $135.00, as the company continues to capitalize on the AI and machine learning surge.

Kingstone Capital Partners Texas LLC purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 33,630 shares of the technology company's stock, valued at approximately $3,197,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ purchased a new position in Lumentum during the first quarter valued at approximately $25,000. Rakuten Securities Inc. lifted its position in Lumentum by 164.4% during the first quarter. Rakuten Securities Inc. now owns 476 shares of the technology company's stock valued at $30,000 after buying an additional 296 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of Lumentum by 103.2% during the first quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company's stock valued at $32,000 after acquiring an additional 260 shares in the last quarter. SVB Wealth LLC bought a new stake in Lumentum in the 1st quarter worth about $40,000. Finally, UMB Bank n.a. grew its stake in shares of Lumentum by 132.9% during the 1st quarter. UMB Bank n.a. now owns 785 shares of the technology company's stock valued at $49,000 after purchasing an additional 448 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Lumentum Trading Down 2.4%

LITE traded down $4.02 during trading on Monday, hitting $164.71. 4,079,221 shares of the company's stock were exchanged, compared to its average volume of 3,942,846. The company has a current ratio of 4.37, a quick ratio of 3.18 and a debt-to-equity ratio of 2.26. The stock has a 50 day moving average price of $126.51 and a 200 day moving average price of $91.00. The firm has a market cap of $11.51 billion, a P/E ratio of 716.13 and a beta of 1.42. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $173.38.

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. 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 company's quarterly revenue was up 55.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. As a group, analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lumentum news, insider Vincent Retort sold 22,719 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $110.00, for a total value of $2,499,090.00. Following the transaction, the insider owned 121,747 shares of the company's stock, valued at approximately $13,392,170. This represents a 15.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Wajid Ali sold 2,526 shares of Lumentum stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $124.39, for a total value of $314,209.14. Following the completion of the transaction, the chief financial officer owned 77,087 shares in the company, valued at $9,588,851.93. The trade was a 3.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,687 shares of company stock valued at $6,628,952. 0.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LITE. Wall Street Zen downgraded Lumentum from a "buy" rating to a "hold" rating in a research note on Monday, September 15th. Bank of America upgraded shares of Lumentum from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $78.00 to $135.00 in a research note on Wednesday, August 13th. Needham & Company LLC restated a "buy" rating and set a $145.00 price objective (up from $135.00) on shares of Lumentum in a research report on Wednesday, August 13th. Barclays raised their price target on shares of Lumentum from $135.00 to $165.00 and gave the stock an "overweight" rating in a report on Tuesday, September 9th. Finally, B. Riley increased their price target on shares of Lumentum from $73.00 to $83.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Lumentum presently has an average rating of "Moderate Buy" and an average price target of $133.36.

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.