CWC Advisors LLC. Purchases New Shares in Lumentum Holdings Inc. $LITE

CWC Advisors LLC. purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,077 shares of the technology company’s stock, valued at approximately $292,000.

Several other hedge funds also recently made changes to their positions in LITE. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Lumentum during the first quarter valued at approximately $25,000. Rakuten Securities Inc. boosted 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 valued at $30,000 after purchasing an additional 296 shares in the last quarter. Golden State Wealth Management LLC boosted 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 valued at $32,000 after purchasing an additional 260 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Lumentum during the first quarter valued at approximately $40,000. Finally, UMB Bank n.a. boosted its position in shares of Lumentum by 132.9% during the first quarter. UMB Bank n.a. now owns 785 shares of the technology company’s stock valued at $49,000 after purchasing an additional 448 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LITE has been the topic of several research reports. Raymond James Financial lifted their price target on Lumentum from $125.00 to $145.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their target price on Lumentum from $123.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Rosenblatt Securities reissued a “buy” rating and issued a $150.00 target price on shares of Lumentum in a report on Thursday, August 14th. Morgan Stanley boosted their target price on Lumentum from $92.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $145.00 target price (up from $135.00) on shares of Lumentum in a report on Wednesday, August 13th. Two 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $128.00.

Lumentum Trading Up 5.0%

Shares of NASDAQ:LITE opened at $171.50 on Friday. The company has a market cap of $11.99 billion, a P/E ratio of 745.65 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. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $173.39. The stock’s fifty day moving average price is $123.55 and its 200-day moving average price is $89.21.

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

Insider Activity

In other news, Director Alan S. Lowe sold 20,000 shares of the company’s stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $93.47, for a total transaction of $1,869,400.00. Following the transaction, the director directly owned 230,471 shares of the company’s stock, valued at $21,542,124.37. This represents a 7.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Wajid Ali sold 2,526 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $124.39, for a total value of $314,209.14. Following the sale, the chief financial officer owned 77,087 shares of the company’s stock, valued at approximately $9,588,851.93. This trade represents a 3.17% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,687 shares of company stock valued at $6,628,952. 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.