Thompson Investment Management Inc. Sells 6,430 Shares of Lumentum Holdings Inc. $LITE

Key Points

• Thompson Investment Management Inc. decreased its stake in Lumentum Holdings by 7.7%, selling 6,430 shares and retaining 77,357 shares valued at approximately $7.35 million.
• Wall Street analysts have a positive outlook on Lumentum, with numerous firms raising price targets, leading to a consensus rating of "Moderate Buy" and a target price of $133.36.
• Lumentum's quarterly earnings surpassed expectations, posting an EPS of $0.88 on revenue of $480.70 million, reflecting a significant 55.9% year-over-year increase in revenue.

Thompson Investment Management Inc. reduced its stake in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 7.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,357 shares of the technology company's stock after selling 6,430 shares during the quarter. Thompson Investment Management Inc. owned approximately 0.11% of Lumentum worth $7,354,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. PointState Capital LP bought a new position in shares of Lumentum during the 1st quarter valued at approximately $213,503,000. Analog Century Management LP purchased a new stake in Lumentum in the first quarter worth $60,348,000. Channing Capital Management LLC purchased a new stake in Lumentum in the first quarter worth $36,715,000. Nuveen LLC purchased a new position in shares of Lumentum during the 1st quarter valued at $27,054,000. Finally, Junto Capital Management LP bought a new position in shares of Lumentum during the 1st quarter worth $20,974,000. Institutional investors own 94.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LITE shares. 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. Needham & Company LLC restated a "buy" rating and set a $145.00 target price (up previously from $135.00) on shares of Lumentum in a research report on Wednesday, August 13th. Wolfe Research assumed coverage on Lumentum in a research note on Tuesday, August 12th. They set an "outperform" rating on the stock. Morgan Stanley raised their target price on Lumentum from $92.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 13th. Finally, Barclays lifted their target price on Lumentum from $135.00 to $165.00 and gave the company an "overweight" rating in a report on Tuesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $133.36.

Lumentum Stock Performance

Shares of LITE stock opened at $159.76 on Friday. The company has a quick ratio of 3.18, a current ratio of 4.37 and a debt-to-equity ratio of 2.26. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $178.49. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 694.61 and a beta of 1.42. The stock has a fifty day moving average of $141.62 and a 200 day moving average of $99.33.

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, topping analysts' consensus estimates of $0.79 by $0.09. The firm had revenue of $480.70 million during the quarter, compared to analyst estimates of $465.27 million. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The business's revenue for the quarter was up 55.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. As a group, research analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Insider Activity at Lumentum

In related news, Director Julia Suzanne Johnson sold 1,250 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $119.06, for a total value of $148,825.00. Following the completion of the sale, the director directly owned 22,037 shares of the company's stock, valued at approximately $2,623,725.22. This represents a 5.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jae Kim sold 4,507 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $116.88, for a total transaction of $526,778.16. Following the completion of the transaction, the senior vice president owned 33,465 shares of the company's stock, valued at approximately $3,911,389.20. The trade was a 11.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,687 shares of company stock valued at $4,759,552 in the last ninety days. Corporate insiders own 0.19% of the company's stock.

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.

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