Veracity Capital LLC Purchases Shares of 2,828 Lumentum Holdings Inc. $LITE

Veracity Capital LLC acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,828 shares of the technology company’s stock, valued at approximately $460,000.

Other large investors have also recently made changes to their positions in the company. MAI Capital Management raised its holdings in Lumentum by 27.0% in the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after acquiring an additional 96 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Lumentum by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the technology company’s stock worth $1,854,000 after acquiring an additional 100 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Lumentum by 0.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 16,340 shares of the technology company’s stock valued at $1,553,000 after purchasing an additional 115 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Lumentum by 5.8% in the 2nd quarter. Bessemer Group Inc. now owns 2,473 shares of the technology company’s stock valued at $234,000 after purchasing an additional 136 shares in the last quarter. Finally, Keynote Financial Services LLC lifted its position in shares of Lumentum by 1.8% during the 2nd quarter. Keynote Financial Services LLC now owns 8,396 shares of the technology company’s stock worth $798,000 after purchasing an additional 148 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Lumentum Stock Up 1.3%

Lumentum stock opened at $320.25 on Thursday. The company has a market capitalization of $22.71 billion, a P/E ratio of 214.93 and a beta of 1.53. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $376.53. The stock has a 50-day simple moving average of $247.49 and a 200-day simple moving average of $163.45.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.03 by $0.07. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The company had revenue of $533.80 million for the quarter, compared to analyst estimates of $525.10 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The firm’s revenue was up 58.4% compared to the same quarter last year. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Equities research analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Insiders Place Their Bets

In other Lumentum news, Director Julia Suzanne Johnson sold 10,000 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $270.39, for a total transaction of $2,703,900.00. Following the transaction, the director directly owned 12,037 shares of the company’s stock, valued at approximately $3,254,684.43. This trade represents a 45.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Matthew Joseph Sepe sold 4,232 shares of Lumentum stock in a transaction on Friday, November 7th. The shares were sold at an average price of $239.63, for a total transaction of $1,014,114.16. Following the completion of the transaction, the chief accounting officer owned 43,544 shares in the company, valued at approximately $10,434,448.72. This represents a 8.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 28,612 shares of company stock worth $7,317,398. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LITE. JPMorgan Chase & Co. increased their target price on Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Rosenblatt Securities raised their target price on Lumentum to $380.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. B. Riley boosted their target price on Lumentum from $83.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Finally, Susquehanna increased their price target on shares of Lumentum from $140.00 to $190.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $222.13.

Lumentum Profile

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.