KCM Investment Advisors LLC Takes $265,000 Position in Lumentum Holdings Inc. $LITE

KCM Investment Advisors LLC acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the 4th quarter, Holdings Channel.com reports. The fund acquired 720 shares of the technology company’s stock, valued at approximately $265,000.

Several other large investors also recently modified their holdings of LITE. Nomura Asset Management Co. Ltd. grew its position in shares of Lumentum by 45.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock valued at $136,306,000 after purchasing an additional 114,714 shares during the last quarter. Andar Capital Management HK Ltd acquired a new position in shares of Lumentum in the fourth quarter valued at approximately $4,325,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Lumentum in the fourth quarter valued at approximately $6,755,000. Headwater Capital Co Ltd acquired a new position in shares of Lumentum in the third quarter valued at approximately $20,339,000. Finally, Maxi Investments CY Ltd bought a new stake in shares of Lumentum in the fourth quarter valued at approximately $2,212,000. 94.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LITE has been the subject of several recent research reports. UBS Group boosted their price target on Lumentum from $455.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Jefferies Financial Group reiterated a “buy” rating and issued a $1,200.00 price target on shares of Lumentum in a research note on Wednesday, May 6th. Susquehanna boosted their price target on Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. boosted their price target on Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Stifel Nicolaus upped their target price on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average target price of $1,021.95.

Lumentum Stock Up 3.9%

NASDAQ LITE opened at $957.24 on Tuesday. The business has a fifty day moving average price of $900.25 and a two-hundred day moving average price of $636.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. Lumentum Holdings Inc. has a fifty-two week low of $83.42 and a fifty-two week high of $1,085.68. The stock has a market capitalization of $74.47 billion, a PE ratio of 177.27 and a beta of 1.47.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.10. The firm had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The company’s quarterly revenue was up 90.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities analysts expect that Lumentum Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

Insider Activity at Lumentum

In other news, insider Vincent Retort sold 3,183 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $3,036,422.85. Following the completion of the transaction, the insider directly owned 89,563 shares in the company, valued at approximately $85,438,623.85. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Yuen Wupen sold 3,210 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $3,062,179.50. Following the transaction, the insider owned 81,488 shares of the company’s stock, valued at $77,735,477.60. This trade represents a 3.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 41,260 shares of company stock valued at $38,859,220. 0.43% of the stock is owned by company insiders.

Lumentum Company Profile

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.