Scientech Research LLC Boosts Holdings in Lumentum Holdings Inc. $LITE

Scientech Research LLC raised its stake in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 37.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,266 shares of the technology company's stock after purchasing an additional 3,613 shares during the period. Scientech Research LLC's holdings in Lumentum were worth $827,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LITE. Skandinaviska Enskilda Banken AB publ bought a new stake in Lumentum in the first quarter valued at $25,000. Rakuten Securities Inc. increased its position in shares of Lumentum by 164.4% during the first quarter. Rakuten Securities Inc. now owns 476 shares of the technology company's stock worth $30,000 after acquiring an additional 296 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Lumentum by 103.2% during the first quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company's stock worth $32,000 after acquiring an additional 260 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Lumentum by 2,235.3% during the fourth quarter. CoreCap Advisors LLC now owns 397 shares of the technology company's stock worth $33,000 after acquiring an additional 380 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in shares of Lumentum during the first quarter worth about $40,000. 94.05% of the stock is owned by institutional investors.

Insider Activity at Lumentum

In related news, Director Julia Suzanne Johnson sold 1,250 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $119.06, for a total transaction of $148,825.00. Following the sale, the director directly owned 22,037 shares in the company, valued at approximately $2,623,725.22. This represents a 5.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Wajid Ali sold 2,526 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $124.39, for a total transaction of $314,209.14. Following the sale, the chief financial officer owned 77,087 shares in the company, valued at $9,588,851.93. The trade was a 3.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 81,687 shares of company stock worth $8,398,352 in the last ninety days. Insiders own 0.19% of the company's stock.

Lumentum Stock Performance

Shares of Lumentum stock traded down $1.86 on Friday, reaching $163.02. 2,953,391 shares of the company traded hands, compared to its average volume of 3,671,019. The firm has a market capitalization of $11.40 billion, a PE ratio of 708.78 and a beta of 1.42. 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 company has a 50 day moving average of $117.36 and a 200 day moving average of $86.58. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $168.01.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Needham & Company LLC reissued a "buy" rating and set a $145.00 target price (up from $135.00) on shares of Lumentum in a research report on Wednesday, August 13th. Morgan Stanley upped their price objective on shares of Lumentum from $92.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 13th. Barclays upped their price objective on shares of Lumentum from $135.00 to $165.00 and gave the stock an "overweight" rating in a research report on Tuesday. B. Riley upped their price objective on shares of Lumentum from $73.00 to $83.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Finally, Bank of America raised shares of Lumentum from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $78.00 to $135.00 in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Lumentum currently has a consensus rating of "Moderate Buy" and an average target price of $128.00.

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.