Northwest & Ethical Investments L.P. Invests $436,000 in Lumentum Holdings Inc. $LITE

Key Points

• Northwest & Ethical Investments L.P. invested $436,000 in Lumentum Holdings Inc. by purchasing 7,000 shares in the 1st quarter, reflecting growing institutional interest in the company.
• Several research analysts have raised their price targets for Lumentum, with UBS Group increasing it to $130.00, indicating positive market sentiment and a strong rating outlook for the stock.
• Lumentum reported impressive quarterly earnings, beating estimates with an EPS of $0.88 and a revenue of $480.70 million, a 55.9% increase compared to the same quarter last year.

Northwest & Ethical Investments L.P. acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,000 shares of the technology company's stock, valued at approximately $436,000.

Other institutional investors have also recently bought and sold shares of the company. CoreCap Advisors LLC raised its position in Lumentum by 2,235.3% in the 4th quarter. CoreCap Advisors LLC now owns 397 shares of the technology company's stock valued at $33,000 after purchasing an additional 380 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Lumentum in the 1st quarter valued at $25,000. Rakuten Securities Inc. raised its position in Lumentum by 164.4% in the 1st quarter. Rakuten Securities Inc. now owns 476 shares of the technology company's stock valued at $30,000 after purchasing an additional 296 shares during the last quarter. Golden State Wealth Management LLC raised its position in Lumentum by 103.2% in the 1st 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. Finally, UMB Bank n.a. raised its position in Lumentum by 132.9% in 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 last quarter. Institutional investors own 94.05% of the company's stock.

Insider Transactions at Lumentum

In other Lumentum news, insider Vincent Retort sold 22,719 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider directly owned 121,747 shares of the company's stock, valued at approximately $13,392,170. The trade was a 15.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan S. Lowe sold 20,000 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $93.47, for a total value of $1,869,400.00. Following the completion of the transaction, the director directly owned 230,471 shares of the company's stock, valued at approximately $21,542,124.37. The trade was a 7.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,313 shares of company stock valued at $7,777,835. Insiders own 0.19% of the company's stock.

Lumentum Trading Up 1.6%

NASDAQ:LITE traded up $1.91 on Friday, reaching $119.34. The company's stock had a trading volume of 2,679,776 shares, compared to its average volume of 2,991,241. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $129.98. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.18 and a current ratio of 4.37. The firm has a market cap of $8.34 billion, a PE ratio of 518.87 and a beta of 1.33. The business's 50-day moving average price is $102.10 and its two-hundred day moving average price is $80.03.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its earnings results on Tuesday, August 12th. The technology company reported $0.88 earnings per share (EPS) 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 firm had revenue of $480.70 million during the quarter, compared to analysts' expectations of $465.27 million. During the same period in the previous year, the firm earned $0.06 earnings per share. The company's revenue was up 55.9% on a year-over-year basis. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Equities research analysts anticipate that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Lumentum from $123.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Rosenblatt Securities restated a "buy" rating and set a $150.00 target price on shares of Lumentum in a research report on Thursday, August 14th. B. Riley boosted their target price on Lumentum from $73.00 to $83.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. KGI Securities assumed coverage on Lumentum in a research report on Monday, August 18th. They set an "outperform" rating for the company. Finally, Raymond James Financial boosted their target price on Lumentum from $125.00 to $145.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $122.85.

About Lumentum

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.