Pictet Asset Management Holding SA Buys 850 Shares of Lumentum Holdings Inc. $LITE

Pictet Asset Management Holding SA raised its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 8.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,624 shares of the technology company’s stock after buying an additional 850 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Lumentum were worth $3,916,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. State of Michigan Retirement System lifted its holdings in shares of Lumentum by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 16,728 shares of the technology company’s stock worth $6,166,000 after buying an additional 100 shares in the last quarter. Huntleigh Advisors Inc. grew its stake in Lumentum by 18.3% during the fourth quarter. Huntleigh Advisors Inc. now owns 2,780 shares of the technology company’s stock valued at $1,025,000 after acquiring an additional 430 shares in the last quarter. Kickstand Ventures LLC. increased its holdings in Lumentum by 7.7% during the 4th quarter. Kickstand Ventures LLC. now owns 3,612 shares of the technology company’s stock worth $1,331,000 after acquiring an additional 257 shares during the period. Sanctuary Advisors LLC increased its holdings in Lumentum by 94.8% during the 4th quarter. Sanctuary Advisors LLC now owns 6,147 shares of the technology company’s stock worth $2,266,000 after acquiring an additional 2,991 shares during the period. Finally, Golden State Equity Partners purchased a new stake in Lumentum in the 4th quarter worth approximately $238,000. 94.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LITE. TD Cowen boosted their price target on shares of Lumentum from $675.00 to $875.00 and gave the company a “hold” rating in a research report on Friday, April 10th. B. Riley Financial reiterated a “buy” rating on shares of Lumentum in a research report on Friday. Northland Securities set a $1,000.00 price objective on Lumentum in a research note on Monday, April 20th. Zacks Research cut Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Barclays raised their price target on Lumentum to $750.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $757.25.

Insider Transactions at Lumentum

In other Lumentum news, Director Penny Herscher sold 4,849 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $535.48, for a total value of $2,596,542.52. Following the completion of the sale, the director owned 6,057 shares of the company’s stock, valued at $3,243,402.36. This represents a 44.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yuen Wupen sold 3,157 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the transaction, the insider owned 88,439 shares in the company, valued at $47,580,182. The trade was a 3.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,775 shares of company stock valued at $38,851,343 over the last quarter. 0.43% of the stock is owned by company insiders.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $949.93 on Monday. The company’s fifty day moving average price is $760.12 and its 200-day moving average price is $486.41. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The firm has a market capitalization of $67.83 billion, a price-to-earnings ratio of 291.39 and a beta of 1.53. Lumentum Holdings Inc. has a one year low of $60.38 and a one year high of $985.13.

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

Lumentum 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.