Virtu Financial LLC Invests $227,000 in Lumentum Holdings Inc. $LITE

Key Points

• Virtu Financial LLC has made a new investment of approximately $227,000 in Lumentum Holdings Inc. by acquiring 3,638 shares in the first quarter.
• Several institutional investors, including Mariner LLC and Guggenheim Capital LLC, have also increased their stakes in Lumentum, with Canada Pension Plan Investment Board raising its stake by 80%.
• Analyst ratings show an overall positive outlook for Lumentum, with multiple brokerages raising their price targets and a consensus rating of "Moderate Buy".

Virtu Financial LLC purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,638 shares of the technology company's stock, valued at approximately $227,000.

A number of other large investors have also recently bought and sold shares of the company. Capital World Investors lifted its holdings in shares of Lumentum by 108.3% during the 4th quarter. Capital World Investors now owns 3,600,132 shares of the technology company's stock worth $302,231,000 after acquiring an additional 1,871,572 shares during the period. Nuveen Asset Management LLC raised its position in Lumentum by 98.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,228,371 shares of the technology company's stock valued at $103,122,000 after purchasing an additional 610,938 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in Lumentum by 419.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 444,147 shares of the technology company's stock worth $37,286,000 after purchasing an additional 583,330 shares during the last quarter. Capital Research Global Investors bought a new stake in Lumentum during the fourth quarter worth $42,415,000. Finally, Hood River Capital Management LLC acquired a new stake in shares of Lumentum in the 4th quarter valued at $32,810,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lumentum

In other news, insider Vincent Retort sold 22,719 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $110.00, for a total transaction of $2,499,090.00. Following the completion of the transaction, the insider directly owned 121,747 shares in the company, valued at $13,392,170. This trade represents a 15.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan S. Lowe sold 20,000 shares of the company's stock in a transaction that occurred 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 sale, the director owned 230,471 shares in the company, valued at $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. Insiders sold 80,313 shares of company stock worth $7,777,835 over the last 90 days. Company insiders own 0.19% of the company's stock.

Lumentum Trading Up 0.9%

NASDAQ LITE traded up $1.0750 during trading hours on Thursday, reaching $116.9650. The company's stock had a trading volume of 235,074 shares, compared to its average volume of 2,583,427. The firm has a fifty day simple moving average of $100.72 and a 200-day simple moving average of $79.58. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.37 and a quick ratio of 3.18. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $129.98. The stock has a market cap of $8.12 billion, a P/E ratio of 507.62 and a beta of 1.33.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. The firm had revenue of $480.70 million during 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%. The company's revenue was up 55.9% on a year-over-year basis. 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 fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on LITE. Needham & Company LLC reissued a "buy" rating and set a $145.00 price target (up previously from $135.00) on shares of Lumentum in a report on Wednesday, August 13th. Morgan Stanley boosted 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. JPMorgan Chase & Co. increased their target price on shares of Lumentum from $123.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. B. Riley lifted their price target on shares of Lumentum from $73.00 to $83.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Finally, KGI Securities started coverage on shares of Lumentum in a research report on Monday. They set an "outperform" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $122.85.

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.