Lumentum Holdings Inc. $LITE Shares Acquired by Hantz Financial Services Inc.

Key Points

• Hantz Financial Services increased its Lumentum stake by 157.6% in the fourth quarter, ending with 3,354 shares valued at about $1.24 million.
• Wall Street sentiment remains bullish, with several analysts lifting price targets and the stock carrying a Moderate Buy consensus rating and a consensus target of $1,012.43.
• Lumentum reported better-than-expected earnings of $2.37 per share on $808.4 million in revenue, while insiders recently sold shares, including director Ian Small and insider Vincent Retort.

Hantz Financial Services Inc. boosted its holdings in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 157.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,354 shares of the technology company's stock after acquiring an additional 2,052 shares during the quarter. Hantz Financial Services Inc.'s holdings in Lumentum were worth $1,236,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Systematic Financial Management LP purchased a new position in shares of Lumentum in the fourth quarter valued at $369,000. Coldstream Capital Management Inc. increased its position in shares of Lumentum by 4.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,897 shares of the technology company's stock valued at $1,068,000 after buying an additional 135 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Lumentum in the fourth quarter valued at $363,000. Axxcess Wealth Management LLC purchased a new position in shares of Lumentum in the fourth quarter valued at $3,669,000. Finally, FourThought Financial Partners LLC purchased a new position in shares of Lumentum in the fourth quarter valued at $217,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LITE. BNP Paribas Exane raised their price target on Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. Rosenblatt Securities raised their price target on Lumentum from $900.00 to $1,300.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. Craig Hallum lifted their price objective on Lumentum from $900.00 to $1,150.00 in a research report on Wednesday, May 6th. Needham & Company LLC lifted their price objective on Lumentum from $880.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Finally, Susquehanna lifted their price objective on Lumentum from $550.00 to $1,100.00 and gave the stock a "positive" rating in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Lumentum currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,012.43.

Insider Buying and Selling

In related news, Director Ian Small sold 4,954 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the completion of the transaction, the director owned 21,008 shares in the company, valued at $18,236,414.56. The trade was a 19.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Vincent Retort sold 3,183 shares of the business's stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $3,036,422.85. Following the transaction, the insider owned 89,563 shares of the company's stock, valued at $85,438,623.85. This trade represents a 3.43% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 41,146 shares of company stock worth $37,667,478 over the last 90 days. 0.43% of the stock is currently owned by corporate insiders.

Lumentum Stock Performance

NASDAQ LITE opened at $902.31 on Thursday. The firm has a market capitalization of $70.20 billion, a P/E ratio of 167.09 and a beta of 1.53. Lumentum Holdings Inc. has a 1-year low of $71.04 and a 1-year high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The business's 50-day simple moving average is $855.10 and its 200-day simple moving average is $577.35.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.27 by $0.10. The business had revenue of $808.40 million for the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The company's revenue was up 90.1% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities analysts predict that Lumentum Holdings Inc. will post 6.49 EPS for the current year.

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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