Ramirez Asset Management Inc. Has $76,000 Position in Lumentum Holdings Inc. $LITE

Ramirez Asset Management Inc. reduced its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 11.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 800 shares of the technology company’s stock after selling 100 shares during the period. Ramirez Asset Management Inc.’s holdings in Lumentum were worth $76,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in Lumentum in the 1st quarter valued at $25,000. Rakuten Securities Inc. increased its stake in Lumentum by 164.4% in the 1st quarter. Rakuten Securities Inc. now owns 476 shares of the technology company’s stock valued at $30,000 after buying an additional 296 shares during the last quarter. Golden State Wealth Management LLC increased its stake in Lumentum by 103.2% in the 1st quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company’s stock valued at $32,000 after buying an additional 260 shares during the last quarter. SVB Wealth LLC acquired a new stake in Lumentum in the 1st quarter valued at $40,000. Finally, UMB Bank n.a. increased its stake in Lumentum by 132.9% in the 1st quarter. UMB Bank n.a. now owns 785 shares of the technology company’s stock valued at $49,000 after buying an additional 448 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Lumentum Stock Performance

Shares of LITE stock opened at $149.61 on Friday. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 650.48 and a beta of 1.42. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.18 and a current ratio of 4.37. The company has a 50-day simple moving average of $142.47 and a 200 day simple moving average of $99.88. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $178.49.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Bank of America upgraded shares of Lumentum from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $78.00 to $135.00 in a research note on Wednesday, August 13th. Needham & Company LLC reissued a “buy” rating and issued a $145.00 price objective (up previously from $135.00) on shares of Lumentum in a research report on Wednesday, August 13th. Rosenblatt Securities lifted their price objective on shares of Lumentum from $150.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Barclays lifted their price objective on shares of Lumentum from $135.00 to $165.00 and gave the company an “overweight” rating in a research report on Tuesday, September 9th. Finally, Citigroup assumed coverage on shares of Lumentum in a research report on Friday, August 29th. They issued a “buy” rating and a $165.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.57.

Insider Buying and Selling at Lumentum

In related news, CFO Wajid Ali sold 2,526 shares of Lumentum stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $124.39, for a total transaction of $314,209.14. Following the completion of the sale, the chief financial officer owned 77,087 shares of the company’s stock, valued at approximately $9,588,851.93. The trade was a 3.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Julia Suzanne Johnson sold 1,250 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $119.06, for a total transaction of $148,825.00. Following the completion of the sale, the director directly owned 22,037 shares of the company’s stock, valued at $2,623,725.22. This represents a 5.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,687 shares of company stock worth $4,759,552 in the last ninety days. Insiders own 0.19% of the company’s stock.

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.