Quantbot Technologies LP Lowers Holdings in Lumentum Holdings Inc. $LITE

Quantbot Technologies LP trimmed its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 24.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,178 shares of the technology company’s stock after selling 22,134 shares during the quarter. Quantbot Technologies LP’s holdings in Lumentum were worth $11,256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LITE. EverSource Wealth Advisors LLC increased its holdings in Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after acquiring an additional 131 shares during the last quarter. MAI Capital Management increased its holdings in shares of Lumentum by 27.0% in the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after purchasing an additional 96 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in Lumentum during the third quarter valued at approximately $49,000. Cullen Frost Bankers Inc. bought a new position in Lumentum during the third quarter valued at approximately $49,000. Finally, Advisors Asset Management Inc. grew its holdings in Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after buying an additional 254 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wall Street Zen downgraded 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. B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $147.00 to $526.00 in a report on Wednesday, February 4th. Northland Securities set a $350.00 price target on Lumentum in a research report on Wednesday, December 3rd. Finally, Wolfe Research restated an “outperform” rating and set a $240.00 price objective on shares of Lumentum in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Lumentum presently has a consensus rating of “Moderate Buy” and an average target price of $458.00.

Insider Transactions at Lumentum

In other news, insider Vincent Retort sold 3,441 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the completion of the sale, the insider directly owned 95,975 shares of the company’s stock, valued at approximately $52,381,235.50. The trade was a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Penny Herscher sold 4,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $597.29, for a total transaction of $2,389,160.00. Following the completion of the transaction, the director directly owned 2,057 shares in the company, valued at $1,228,625.53. This represents a 66.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 60,473 shares of company stock worth $35,186,972. 0.43% of the stock is currently owned by insiders.

Lumentum Stock Up 3.5%

Shares of NASDAQ LITE opened at $700.91 on Friday. The company has a market cap of $50.04 billion, a P/E ratio of 215.00 and a beta of 1.51. The firm has a 50-day simple moving average of $454.79 and a two-hundred day simple moving average of $291.42. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $765.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results 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. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The firm had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. During the same period last year, the company earned $0.42 EPS. Lumentum’s quarterly revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Research analysts anticipate that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

About Lumentum

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.