Huntleigh Advisors Inc. Acquires New Holdings in Lumentum Holdings Inc. $LITE

Huntleigh Advisors Inc. bought a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,350 shares of the technology company’s stock, valued at approximately $382,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in Lumentum by 36.8% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after acquiring an additional 254 shares during the period. NewEdge Advisors LLC increased its stake in shares of Lumentum by 109.9% in the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after purchasing an additional 6,275 shares during the period. Empowered Funds LLC increased its stake in shares of Lumentum by 9.1% in the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after purchasing an additional 680 shares during the period. GAMMA Investing LLC lifted its position in shares of Lumentum by 17.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,401 shares of the technology company’s stock worth $228,000 after purchasing an additional 350 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in Lumentum during the 2nd quarter valued at approximately $413,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Price Performance

Shares of LITE stock opened at $362.44 on Thursday. The stock’s fifty day simple moving average is $333.76 and its 200 day simple moving average is $212.08. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $402.79. The firm has a market cap of $25.70 billion, a price-to-earnings ratio of 243.25 and a beta of 1.51. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $525.10 million. During the same period last year, the business earned $0.18 earnings per share. The business’s revenue was up 58.4% on a year-over-year basis. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Transactions at Lumentum

In related news, Director Julia Suzanne Johnson sold 10,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $270.39, for a total transaction of $2,703,900.00. Following the completion of the sale, the director directly owned 12,037 shares of the company’s stock, valued at $3,254,684.43. This trade represents a 45.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Pamela Fletcher sold 3,421 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total value of $935,746.13. Following the sale, the director owned 10,561 shares in the company, valued at $2,888,750.33. The trade was a 24.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 28,612 shares of company stock valued at $7,317,398. 0.43% of the stock is owned by company insiders.

Analysts Set New Price Targets

LITE has been the topic of several research analyst reports. Mizuho set a $455.00 price objective on shares of Lumentum in a research note on Friday, January 9th. Wall Street Zen lowered shares of Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Raymond James Financial lowered shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective for the company. in a research report on Friday, October 31st. Rosenblatt Securities lifted their target price on Lumentum to $380.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Finally, Barclays boosted their price target on Lumentum from $181.00 to $365.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. One 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $241.75.

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.