Sequoia Financial Advisors LLC Makes New Investment in Lumentum Holdings Inc. $LITE

Sequoia Financial Advisors LLC bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the fourth quarter, Holdings Channel reports. The fund bought 768 shares of the technology company’s stock, valued at approximately $283,000.

A number of other institutional investors have also recently added to or reduced their stakes in LITE. Federated Hermes Inc. lifted its stake in shares of Lumentum by 7,168.8% in the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock worth $58,958,000 after acquiring an additional 357,367 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Lumentum in the fourth quarter worth approximately $6,755,000. Headwater Capital Co Ltd acquired a new position in shares of Lumentum in the third quarter worth approximately $20,339,000. Estate Counselors LLC acquired a new position in shares of Lumentum in the fourth quarter worth approximately $4,239,000. Finally, China Universal Asset Management Co. Ltd. acquired a new position in shares of Lumentum in the third quarter worth approximately $1,383,000. 94.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,200.00 price objective on shares of Lumentum in a research note on Wednesday, May 6th. Morgan Stanley lifted their price objective on Lumentum from $710.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. B. Riley Financial reissued a “buy” rating on shares of Lumentum in a research report on Friday, May 1st. Finally, Citigroup lifted their price objective on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,012.43.

Insider Buying and Selling

In related news, Director Brian Lillie sold 11,951 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $981.64, for a total value of $11,731,579.64. Following the transaction, the director directly owned 13,959 shares in the company, valued at $13,702,712.76. This trade represents a 46.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian Small sold 3,500 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $911.17, for a total value of $3,189,095.00. Following the completion of the transaction, the director owned 25,962 shares in the company, valued at approximately $23,655,795.54. This represents a 11.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 36,192 shares of company stock worth $33,367,059 over the last quarter. Corporate insiders own 0.43% of the company’s stock.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum was added to the Nasdaq-100, which can drive buying from index funds and ETFs and improve the stock’s visibility with institutional investors. Lumentum (LITE) Joins Nasdaq-100 Index
• Positive Sentiment: Broker-rating upgrades cited Lumentum as a stock worth watching, reinforcing the bullish view that demand tied to AI infrastructure remains a long-term tailwind. 3 Stocks Backed By Broker Rating Upgrades Worth Betting On
• Neutral Sentiment: Lumentum presented at JPMorgan’s Global Technology, Media and Communications Conference, but no major new financial guidance or surprises were highlighted in the article. Lumentum Holdings Inc. (LITE) Presents at J.P. Morgan Conference Transcript
• Neutral Sentiment: NVIDIA’s latest portfolio filing was discussed in relation to Lumentum, but the piece did not indicate a direct material change in Lumentum’s fundamentals. A Deep Dive Into NVIDIA’s Latest Portfolio Moves (LITE)
• Negative Sentiment: Shares of Lumentum and other AI optics names fell as investors took profits across the sector after a strong run. Applied Optoelectronics Slumps 10%, Lumentum Dives 9%, Coherent Drops 6% as AI Optics Profit-Takers Strike
• Negative Sentiment: A prominent AI investor reportedly exited stakes in Lumentum, adding to pressure on sentiment around the stock. Lumentum, Coherent Drop After Prominent AI Investor Sells Stakes
• Negative Sentiment: Three insiders, including the CFO, SVP, and another executive, sold shares under pre-arranged 10b5-1 plans to cover tax withholding tied to equity vesting, which can weigh on short-term sentiment even if the sales were routine. SEC filing for Wajid Ali sale

Lumentum Trading Up 0.6%

NASDAQ:LITE opened at $890.09 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $69.25 billion, a price-to-earnings ratio of 164.83 and a beta of 1.53. The firm has a fifty day simple moving average of $821.27 and a two-hundred day simple moving average of $547.23. Lumentum Holdings Inc. has a 12 month low of $71.04 and a 12 month high of $1,085.68.

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