Prakash Investment Advisors LLC Invests $405,000 in Lumentum Holdings Inc. $LITE

Prakash Investment Advisors LLC purchased a new position in Lumentum Holdings Inc. (NASDAQ:LITE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,100 shares of the technology company’s stock, valued at approximately $405,000.

A number of other hedge funds have also modified their holdings of the stock. Allworth Financial LP increased its stake in shares of Lumentum by 6.4% in the third quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock worth $128,000 after acquiring an additional 47 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Lumentum by 0.4% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock worth $2,532,000 after acquiring an additional 64 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Lumentum by 58.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock worth $76,000 after acquiring an additional 76 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Lumentum in the fourth quarter worth $28,000. Finally, UMB Bank n.a. increased its stake in shares of Lumentum by 11.2% in the third quarter. UMB Bank n.a. now owns 920 shares of the technology company’s stock worth $150,000 after acquiring an additional 93 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Lumentum Stock Up 0.1%

LITE stock opened at $895.11 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. Lumentum Holdings Inc. has a 52-week low of $49.13 and a 52-week high of $960.00. The company has a 50-day moving average of $716.61 and a two-hundred day moving average of $447.12. The stock has a market capitalization of $63.91 billion, a price-to-earnings ratio of 274.57 and a beta of 1.38.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company had revenue of $665.50 million during the quarter, compared to analysts’ expectations of $646.74 million. During the same period in the prior year, the company earned $0.42 earnings per share. The business’s quarterly revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities research analysts anticipate that Lumentum Holdings Inc. will post 5.87 EPS for the current year.

Insider Activity

In other Lumentum news, CFO Wajid Ali sold 5,302 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the sale, the chief financial officer directly owned 66,287 shares in the company, valued at $45,812,934.31. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vincent Retort sold 3,441 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the sale, the insider owned 95,975 shares of the company’s stock, valued at $52,381,235.50. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 65,775 shares of company stock valued at $38,851,343 over the last three months. 0.43% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LITE has been the topic of a number of research reports. Stifel Nicolaus upped their price target on shares of Lumentum to $800.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Morgan Stanley upped their price target on shares of Lumentum from $595.00 to $710.00 and gave the stock an “equal weight” rating in a research note on Monday. Northland Securities set a $1,000.00 price target on shares of Lumentum in a research note on Monday. UBS Group increased their target price on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, B. Riley Financial raised shares of Lumentum from a “neutral” rating to a “buy” rating and increased their target price for the stock from $147.00 to $526.00 in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $711.63.

About Lumentum

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.