Yeomans Consulting Group Inc. Makes New Investment in Lumentum Holdings Inc. $LITE

Yeomans Consulting Group Inc. bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,037 shares of the technology company’s stock, valued at approximately $349,000.

Several other hedge funds and other institutional investors have also modified their holdings of LITE. PointState Capital LP purchased a new stake in Lumentum in the 1st quarter worth about $213,503,000. Hood River Capital Management LLC increased its holdings in shares of Lumentum by 82.1% in the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after purchasing an additional 994,551 shares during the period. Analog Century Management LP acquired a new position in shares of Lumentum in the 1st quarter valued at about $60,348,000. Norges Bank purchased a new stake in shares of Lumentum in the second quarter worth approximately $82,983,000. Finally, Broad Peak Investment Advisers Pte Ltd acquired a new stake in shares of Lumentum during the second quarter worth approximately $41,235,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on LITE. JPMorgan Chase & Co. boosted their price objective on shares of Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Wolfe Research restated an “outperform” rating and set a $240.00 price target on shares of Lumentum in a report on Wednesday, November 5th. Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Citigroup assumed coverage on Lumentum in a research report on Friday, August 29th. They set a “buy” rating and a $165.00 price objective for the company. Finally, Northland Securities set a $350.00 target price on Lumentum in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $222.13.

Insider Transactions at Lumentum

In related news, Director Isaac Hosojiro Harris sold 7,200 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $243.32, for a total transaction of $1,751,904.00. Following the completion of the sale, the director directly owned 9,764 shares of the company’s stock, valued at approximately $2,375,776.48. This represents a 42.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jae Kim sold 170 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $246.00, for a total transaction of $41,820.00. Following the sale, the senior vice president directly owned 38,400 shares of the company’s stock, valued at approximately $9,446,400. This represents a 0.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 28,612 shares of company stock worth $7,317,398. 0.43% of the stock is currently owned by company insiders.

Lumentum Trading Up 2.6%

Shares of NASDAQ:LITE opened at $397.40 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77. The stock has a market capitalization of $28.18 billion, a PE ratio of 266.71 and a beta of 1.53. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $401.60. The firm has a fifty day moving average price of $274.17 and a 200 day moving average price of $175.40.

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

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.