Lumentum Holdings Inc. $LITE Stock Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC cut its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 99.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 322 shares of the technology company's stock after selling 110,678 shares during the period. Calamos Wealth Management LLC's holdings in Lumentum were worth $313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Red Spruce Capital LLC raised its stake in Lumentum by 0.4% during the 3rd quarter. Red Spruce Capital LLC now owns 3,200 shares of the technology company's stock valued at $3,108,000 after acquiring an additional 12 shares in the last quarter. CYBER HORNET ETFs LLC raised its stake in shares of Lumentum by 7.2% during the second quarter. CYBER HORNET ETFs LLC now owns 209 shares of the technology company's stock valued at $179,000 after purchasing an additional 14 shares in the last quarter. Hilltop National Bank raised its stake in shares of Lumentum by 26.8% during the second quarter. Hilltop National Bank now owns 71 shares of the technology company's stock valued at $61,000 after purchasing an additional 15 shares in the last quarter. Sachetta LLC lifted its holdings in Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company's stock worth $25,000 after purchasing an additional 19 shares during the period. Finally, TrinityBridge Ltd lifted its holdings in Lumentum by 35.8% in the third quarter. TrinityBridge Ltd now owns 72 shares of the technology company's stock worth $70,000 after purchasing an additional 19 shares during the period. 94.05% of the stock is owned by institutional investors.

Lumentum Stock Performance

NASDAQ LITE opened at $538.59 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.27 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 1-year low of $215.35 and a 1-year high of $1,143.00. The firm's fifty day simple moving average is $894.13 and its 200-day simple moving average is $801.60. The company has a market capitalization of $48.85 billion, a PE ratio of -6.84 and a beta of 1.64.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings data on Monday, November 2nd. The technology company reported $4.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.22 by $0.35. Lumentum had a positive return on equity of 28.85% and a negative net margin of 175.82%. The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter last year, the firm earned $1.10 earnings per share. The business's revenue for the quarter was up 136.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Lumentum Holdings Inc. will post 19.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LITE. Jefferies Financial Group increased their target price on shares of Lumentum from $1,200.00 to $1,250.00 and gave the company a "buy" rating in a research report on Tuesday, October 20th. Sanford C. Bernstein started coverage on shares of Lumentum in a research report on Wednesday, September 30th. They issued an "outperform" rating and a $1,220.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Lumentum from $1,165.00 to $1,280.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. Raymond James Financial upgraded Lumentum from a "moderate buy" rating to a "strong-buy" rating and set a $1,328.00 price objective on the stock in a report on Monday, November 2nd. Finally, Mizuho set a $1,132.00 target price on Lumentum in a report on Monday, November 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Lumentum presently has a consensus rating of "Moderate Buy" and an average target price of $1,081.61.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Some commentary sees Lumentum as potentially undervalued after Marvell agreed to acquire it, arguing the deal highlights demand for optical interconnects—a potential bottleneck in AI data centers. Lumentum’s shares also rose alongside a broader recovery in optical stocks. Article: Lumentum Holdings Could Be 90% Undervalued Following The Marvell Deal Article: Optical stocks rally
• Neutral Sentiment: The proposed all-stock Marvell deal values Lumentum at about $115 billion, with Lumentum shareholders set to receive 4.5 Marvell shares per share. That is not a fixed cash offer: its implied value will move with Marvell’s stock. The transaction is expected to take time to close and remains subject to regulatory approval. Article: Marvell Agreed to Pay $1,132 a Share for Lumentum
• Positive Sentiment: A bullish technical view says Lumentum is oversold after a steep decline, while analysts’ earnings-estimate increases could support a recovery. Article: Lumentum is Poised for a Turnaround
• Negative Sentiment: Recent pressure reflects a broader sell-off in AI and optical shares, alongside analyst downgrades and lower price expectations. The sharp recent declines suggest investors remain cautious despite the proposed acquisition and the latest rebound. Article: Lumentum Shares Down After Analyst Downgrade Article: AI optical stocks slide

Insider Transactions at Lumentum

In related news, insider Yuen Wupen sold 307 shares of the business's stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $945.00, for a total value of $290,115.00. Following the completion of the sale, the insider owned 108,320 shares of the company's stock, valued at approximately $102,362,400. The trade was a 0.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the completion of the sale, the chief financial officer directly owned 75,074 shares of the company's stock, valued at approximately $78,715,089. The trade was a 24.64% 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. Insiders have sold a total of 94,496 shares of company stock valued at $85,978,498 over the last ninety days. Company insiders own 0.28% of the company's stock.

Lumentum Profile

Lumentum Holdings Inc develops and manufactures optical and photonic products used in communications networks and industrial applications. Its offerings include optical components, modules and lasers that help transmit and process data across telecommunications and data center networks.

The company also supplies lasers and related technologies for industrial uses, including precision manufacturing and semiconductor production. Its products serve customers in markets around the world.

Lumentum became an independent public company in 2015 through a spin-off from JDSU, now Viavi Solutions.

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