Lumentum Holdings Inc. $LITE Shares Purchased by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey boosted its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 7.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 26,486 shares of the technology company’s stock after purchasing an additional 1,802 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Lumentum were worth $2,518,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Lumentum by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock worth $463,198,000 after buying an additional 47,811 shares during the period. PointState Capital LP purchased a new stake in shares of Lumentum in the 1st quarter valued at $213,503,000. Atreides Management LP lifted its stake in Lumentum by 6.8% during the 1st quarter. Atreides Management LP now owns 1,875,257 shares of the technology company’s stock worth $116,904,000 after acquiring an additional 119,938 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Lumentum by 1.1% during the 1st quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company’s stock valued at $107,913,000 after acquiring an additional 19,085 shares during the period. Finally, Geode Capital Management LLC grew its position in Lumentum by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,260,940 shares of the technology company’s stock valued at $119,884,000 after acquiring an additional 10,027 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lumentum

In related news, insider Yuen Wupen sold 821 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $234.14, for a total transaction of $192,228.94. Following the completion of the sale, the insider owned 96,720 shares in the company, valued at $22,646,020.80. The trade was a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $243.32, for a total transaction of $1,751,904.00. Following the completion of the transaction, the director owned 9,764 shares in the company, valued at $2,375,776.48. This represents a 42.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 37,965 shares of company stock worth $7,810,818. 0.43% of the stock is currently owned by corporate insiders.

Lumentum Price Performance

Lumentum stock opened at $247.43 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77. The company has a fifty day simple moving average of $184.26 and a 200-day simple moving average of $128.38. The stock has a market cap of $17.54 billion, a P/E ratio of 166.06 and a beta of 1.48. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $273.89.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The company had revenue of $533.80 million for the quarter, compared to analysts’ expectations of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.Lumentum’s quarterly revenue was up 58.4% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Equities analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Lumentum in a research report on Thursday, November 13th. Rosenblatt Securities increased their target price on shares of Lumentum to $280.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. boosted their price target on shares of Lumentum from $145.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Bank of America raised Lumentum from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $78.00 to $135.00 in a research report on Wednesday, August 13th. Finally, Barclays lifted their target price on Lumentum from $165.00 to $181.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $196.88.

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.