JNBA Financial Advisors Buys Shares of 986 Lumentum Holdings Inc. $LITE

JNBA Financial Advisors bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 986 shares of the technology company’s stock, valued at approximately $846,000.

A number of other large investors have also made changes to their positions in LITE. Hilton Head Capital Partners LLC acquired a new position in Lumentum during the 1st quarter valued at approximately $25,000. Sachetta LLC lifted its holdings in shares of Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after buying an additional 19 shares during the period. Meeder Asset Management Inc. purchased a new stake in Lumentum in the 2nd quarter worth approximately $40,000. Keating Financial Advisory Services Inc. purchased a new position in Lumentum in the second quarter valued at $41,000. Finally, Fiduciary Financial Advisors purchased a new stake in shares of Lumentum in the second quarter valued at approximately $42,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Lumentum Stock Performance

NASDAQ:LITE opened at $914.76 on Tuesday. The company’s 50-day moving average is $812.24 and its two-hundred day moving average is $809.18. Lumentum Holdings Inc. has a 1-year low of $125.00 and a 1-year high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The firm has a market capitalization of $82.05 billion, a price-to-earnings ratio of -11.13 and a beta of 1.50.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business’s revenue was up 109.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Analysts forecast that Lumentum Holdings Inc. will post 19.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LITE shares. UBS Group set a $820.00 target price on shares of Lumentum in a research report on Wednesday, August 12th. Citigroup restated a “buy” rating on shares of Lumentum in a research report on Wednesday, August 12th. Citic Securities lifted their price target on Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft assumed coverage on Lumentum in a research note on Monday. They issued a “buy” rating and a $1,200.00 price objective for the company. Finally, Bank of America lowered their target price on shares of Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,053.83.

Insiders Place Their Bets

In other news, insider Yuen Wupen sold 500 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $882.15, for a total transaction of $441,075.00. Following the completion of the transaction, the insider directly owned 119,127 shares in the company, valued at approximately $105,087,883.05. This represents a 0.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $852.58, for a total value of $10,230,960.00. Following the sale, the senior vice president directly owned 37,804 shares of the company’s stock, valued at $32,230,934.32. The trade was a 24.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 63,147 shares of company stock worth $54,032,636 in the last three months. 0.43% of the stock is owned by insiders.

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.