United Services Automobile Association Makes New $279,000 Investment in Lumentum Holdings Inc. $LITE

Key Points

• United Services Automobile Association has made a new investment of approximately $279,000 in Lumentum Holdings Inc., purchasing 4,461 shares in the first quarter.
• Insider activity has seen significant sales, with SVP Jae Kim selling 4,507 shares and Vincent Retort selling 22,719 shares, indicating a decrease in their positions by 11.87% and 15.73% respectively.
• Lumentum reported a 55.9% year-over-year revenue increase, reaching $480.70 million in its last quarterly earnings, surpassing analysts' estimates.

United Services Automobile Association bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,461 shares of the technology company's stock, valued at approximately $279,000.

Other large investors have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Lumentum during the 1st quarter worth approximately $25,000. Rakuten Securities Inc. raised its stake in shares of Lumentum by 164.4% during 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 period. Golden State Wealth Management LLC raised its stake in shares of Lumentum by 103.2% during 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 period. SVB Wealth LLC acquired a new position in shares of Lumentum during the 1st quarter worth approximately $40,000. Finally, UMB Bank n.a. boosted its stake in shares of Lumentum by 132.9% in the first quarter. UMB Bank n.a. now owns 785 shares of the technology company's stock worth $49,000 after acquiring an additional 448 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Lumentum Stock Up 5.5%

LITE traded up $8.98 on Thursday, hitting $172.32. 1,499,700 shares of the company were exchanged, compared to its average volume of 2,738,725. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $173.19. The company has a market cap of $12.04 billion, a price-to-earnings ratio of 748.60 and a beta of 1.42. The company has a current ratio of 4.37, a quick ratio of 3.18 and a debt-to-equity ratio of 2.26. The firm has a 50-day moving average price of $121.97 and a two-hundred day moving average price of $88.48.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on LITE. UBS Group lifted their price target on Lumentum from $78.00 to $130.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. KGI Securities started coverage on Lumentum in a research report on Monday, August 18th. They set an "outperform" rating on the stock. Stifel Nicolaus lifted their target price on Lumentum from $100.00 to $132.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Citigroup started coverage on Lumentum in a research report on Friday, August 29th. They issued a "buy" rating and a $165.00 target price on the stock. Finally, Susquehanna lifted their target price on Lumentum to $125.00 and gave the company a "positive" rating in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $128.00.

Insider Activity at Lumentum

In other Lumentum news, insider Yuen Wupen sold 3,281 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $124.86, for a total transaction of $409,665.66. Following the completion of the sale, the insider directly owned 101,273 shares of the company's stock, valued at approximately $12,644,946.78. This trade represents a 3.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jae Kim sold 4,507 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $116.88, for a total value of $526,778.16. Following the transaction, the senior vice president directly owned 33,465 shares of the company's stock, valued at approximately $3,911,389.20. This trade represents a 11.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,687 shares of company stock worth $6,628,952 in the last ninety days. Company insiders own 0.19% of the company's stock.

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.