J.Safra Asset Management Corp Cuts Position in Lumentum Holdings Inc. $LITE

J.Safra Asset Management Corp lessened its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 24.5% during the second quarter, Holdings Channel.com reports. The firm owned 308 shares of the technology company’s stock after selling 100 shares during the quarter. J.Safra Asset Management Corp’s holdings in Lumentum were worth $29,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Lumentum by 0.6% in the first quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock worth $463,198,000 after purchasing an additional 47,811 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Lumentum during the first quarter valued at approximately $260,000. FORA Capital LLC purchased a new stake in shares of Lumentum during the first quarter valued at approximately $642,000. Principal Financial Group Inc. grew its holdings in shares of Lumentum by 1.1% during the first quarter. Principal Financial Group Inc. now owns 159,154 shares of the technology company’s stock valued at $9,922,000 after buying an additional 1,660 shares during the last quarter. Finally, Quantitative Investment Management LLC purchased a new stake in shares of Lumentum during the first quarter valued at approximately $1,424,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Stock Down 2.4%

Shares of Lumentum stock opened at $156.78 on Wednesday. The company has a market cap of $11.12 billion, a price-to-earnings ratio of 681.65 and a beta of 1.42. The company’s 50 day moving average is $144.44 and its 200 day moving average is $101.43. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $178.49. 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 (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The business had revenue of $480.70 million for the quarter, compared to the consensus estimate of $465.27 million. During the same period last year, the firm earned $0.06 earnings per share. The company’s quarterly revenue was up 55.9% on a year-over-year basis. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Research analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Insiders Place Their Bets

In other Lumentum news, SVP Jae Kim sold 4,507 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were 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 in the company, valued at approximately $3,911,389.20. This trade represents a 11.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julia Suzanne Johnson sold 1,250 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $119.06, for a total transaction of $148,825.00. Following the completion of the transaction, the director owned 22,037 shares in the company, valued at $2,623,725.22. The trade was a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,687 shares of company stock valued at $4,759,552. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LITE. Wolfe Research began coverage on shares of Lumentum in a report on Tuesday, August 12th. They set an “outperform” rating on the stock. Rosenblatt Securities increased their price target on shares of Lumentum from $150.00 to $225.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lumentum in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Lumentum from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Finally, Citigroup started coverage on shares of Lumentum in a research report on Friday, August 29th. They set a “buy” rating and a $165.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.57.

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.