Lumentum Holdings Inc. $LITE Shares Acquired by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC increased its stake in Lumentum Holdings Inc. by 14.1% in the second quarter, owning 19,538 shares valued at approximately $1.86 million.
• Key analysts have raised their price targets for Lumentum, with estimates ranging from $83.00 to $225.00, reflecting a majority bullish sentiment among analysts.
• Insider trading activity has been notable, with a significant 22,719 shares sold by insider Vincent Retort at an average price of $110.00.

Janney Montgomery Scott LLC boosted its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 14.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,538 shares of the technology company's stock after purchasing an additional 2,409 shares during the period. Janney Montgomery Scott LLC's holdings in Lumentum were worth $1,857,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its position in Lumentum by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company's stock valued at $881,000 after buying an additional 176 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Lumentum by 6.8% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,465 shares of the technology company's stock worth $216,000 after acquiring an additional 220 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Lumentum by 16.4% in the second quarter. Signaturefd LLC now owns 1,582 shares of the technology company's stock worth $150,000 after acquiring an additional 223 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Lumentum by 36.8% in the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company's stock valued at $59,000 after purchasing an additional 254 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in Lumentum by 103.2% in the first quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company's stock valued at $32,000 after purchasing an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Wall Street Analyst Weigh In

LITE has been the topic of several analyst reports. Needham & Company LLC restated a "buy" rating and set a $145.00 price objective (up from $135.00) on shares of Lumentum in a report on Wednesday, August 13th. B. Riley lifted their price target on shares of Lumentum from $73.00 to $83.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Susquehanna upped their price target on shares of Lumentum to $125.00 and gave the company a "positive" rating in a report on Tuesday, August 12th. Rosenblatt Securities increased their price objective on shares of Lumentum from $150.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, September 22nd. Finally, UBS Group boosted their target price on shares of Lumentum from $78.00 to $130.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $136.57.

Insider Activity at Lumentum

In related news, insider Vincent Retort sold 22,719 shares of Lumentum stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $110.00, for a total transaction of $2,499,090.00. Following the sale, the insider directly owned 121,747 shares in the company, valued at $13,392,170. The trade was a 15.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jae Kim sold 4,507 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $116.88, for a total transaction of $526,778.16. Following the completion of the transaction, the senior vice president owned 33,465 shares of the company's stock, valued at $3,911,389.20. This represents a 11.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,687 shares of company stock worth $4,759,552 in the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Lumentum Trading Down 6.4%

Lumentum stock opened at $149.61 on Friday. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $178.49. The company has a quick ratio of 3.18, a current ratio of 4.37 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 650.48 and a beta of 1.42. The firm has a 50-day moving average price of $142.47 and a two-hundred day moving average price of $99.88.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.The company had revenue of $480.70 million for the quarter, compared to analysts' expectations of $465.27 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business's revenue for the quarter was up 55.9% compared to the same quarter last year. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Sell-side analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

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.

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