MRA Advisory Group Makes New $584,000 Investment in Lumentum Holdings Inc. $LITE

Key Points

• MRA Advisory Group acquired 6,140 shares of Lumentum Holdings valued at approximately $584,000 in the second quarter.
• Analysts have varied opinions on Lumentum; Barclays increased its price target to $165.00 while Wall Street Zen downgraded its rating from "buy" to "hold."
• Lumentum reported a 55.9% year-over-year revenue increase to $480.70 million and exceeded EPS expectations, achieving $0.88 for the latest quarter.

MRA Advisory Group acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 6,140 shares of the technology company's stock, valued at approximately $584,000.

Several other institutional investors have also modified their holdings of LITE. Vanguard Group Inc. lifted its position in Lumentum by 0.6% in the first quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company's stock valued at $463,198,000 after acquiring an additional 47,811 shares during the last quarter. PointState Capital LP purchased a new stake in Lumentum in the first quarter valued at $213,503,000. Atreides Management LP lifted its position in Lumentum by 6.8% in the first quarter. Atreides Management LP now owns 1,875,257 shares of the technology company's stock valued at $116,904,000 after acquiring an additional 119,938 shares during the last quarter. Alliancebernstein L.P. lifted its position in Lumentum by 1.1% in the first quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company's stock valued at $107,913,000 after acquiring an additional 19,085 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Lumentum by 26.9% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,063,529 shares of the technology company's stock valued at $66,300,000 after acquiring an additional 225,240 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lumentum

In other news, insider Vincent Retort sold 22,719 shares of the business's 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 transaction, 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 legal filing with the SEC, which is available through this link. Also, Director Alan S. Lowe sold 20,000 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $93.47, for a total transaction of $1,869,400.00. Following the transaction, the director owned 230,471 shares in the company, valued at approximately $21,542,124.37. This trade represents a 7.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,687 shares of company stock valued at $6,628,952. Insiders own 0.19% of the company's stock.

Lumentum Stock Performance

Shares of NASDAQ:LITE traded down $2.74 on Friday, reaching $168.76. The company's stock had a trading volume of 1,409,963 shares, compared to its average volume of 2,742,414. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $173.38. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.37 and a quick ratio of 3.18. The stock's 50-day moving average is $123.55 and its two-hundred day moving average is $89.21. The stock has a market capitalization of $11.80 billion, a P/E ratio of 734.42 and a beta of 1.42.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LITE shares. Barclays boosted their price target on shares of Lumentum from $135.00 to $165.00 and gave the company an "overweight" rating in a research report on Tuesday, September 9th. UBS Group boosted their price target on shares of Lumentum from $78.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Bank of America raised shares of Lumentum from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $78.00 to $135.00 in a research report on Wednesday, August 13th. Stifel Nicolaus upped their target price on shares of Lumentum from $100.00 to $132.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $145.00 target price (up from $135.00) on shares of Lumentum in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Lumentum has an average rating of "Moderate Buy" and an average price target of $128.00.

Lumentum 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.