Petrus Trust Company LTA Makes New $428,000 Investment in Lumentum Holdings Inc. $LITE

Petrus Trust Company LTA acquired a new position in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,873 shares of the technology company's stock, valued at approximately $428,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Lumentum in the 1st quarter worth approximately $25,000. Rakuten Securities Inc. grew its position in shares of Lumentum by 164.4% in the 1st quarter. Rakuten Securities Inc. now owns 476 shares of the technology company's stock worth $30,000 after buying an additional 296 shares during the last quarter. Golden State Wealth Management LLC grew its position in shares of Lumentum by 103.2% in the 1st quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company's stock worth $32,000 after buying an additional 260 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of Lumentum by 2,235.3% in the 4th quarter. CoreCap Advisors LLC now owns 397 shares of the technology company's stock worth $33,000 after buying an additional 380 shares during the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of Lumentum in the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Lumentum Stock Performance

NASDAQ LITE traded down $1.86 on Friday, hitting $163.02. 2,953,391 shares of the company's stock traded hands, compared to its average volume of 3,671,019. The company has a current ratio of 4.37, a quick ratio of 3.18 and a debt-to-equity ratio of 2.26. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $168.01. The firm's 50-day moving average price is $117.36 and its two-hundred day moving average price is $86.48. The firm has a market capitalization of $11.40 billion, a PE ratio of 708.78 and a beta of 1.42.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $465.27 million. During the same period in the previous year, the business posted $0.06 EPS. The business's quarterly 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, analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Insider Transactions at Lumentum

In related news, Director Alan S. Lowe sold 20,000 shares of the business's stock in a transaction on 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 in the company, valued at $21,542,124.37. The trade was a 7.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Yuen Wupen sold 3,282 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $119.25, for a total transaction of $391,378.50. Following the completion of the transaction, the insider owned 104,554 shares of the company's stock, valued at approximately $12,468,064.50. This represents a 3.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,687 shares of company stock worth $8,398,352. Insiders own 0.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Lumentum from $100.00 to $132.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. KGI Securities started coverage on shares of Lumentum in a research report on Monday, August 18th. They set an "outperform" rating on the stock. Raymond James Financial boosted their target price on shares of Lumentum from $125.00 to $145.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, August 13th. Rosenblatt Securities reissued a "buy" rating and set a $150.00 target price on shares of Lumentum in a research report on Thursday, August 14th. Finally, Susquehanna boosted their target price on shares of Lumentum to $125.00 and gave the stock a "positive" rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $128.00.

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.