Fox Run Management L.L.C. Has $760,000 Stock Position in Lumentum Holdings Inc. $LITE

Fox Run Management L.L.C. lowered its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 20.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,671 shares of the technology company’s stock after selling 1,196 shares during the quarter. Fox Run Management L.L.C.’s holdings in Lumentum were worth $760,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Lumentum by 363.9% during the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after acquiring an additional 131 shares during the period. MAI Capital Management increased its holdings in Lumentum by 27.0% during the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after purchasing an additional 96 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Lumentum in the third quarter valued at about $49,000. Cullen Frost Bankers Inc. acquired a new position in shares of Lumentum during the third quarter worth about $49,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Lumentum by 36.8% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after buying an additional 254 shares during the period. Institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

Shares of LITE opened at $700.91 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $454.79 and its 200 day simple moving average is $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 market cap of $50.04 billion, a price-to-earnings ratio of 215.00 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. The company had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company’s quarterly revenue was up 65.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, research analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Susquehanna lifted their target price on Lumentum to $550.00 and gave the company a “positive” rating in a research report on Wednesday, February 4th. Stifel Nicolaus lifted their price objective on shares of Lumentum to $480.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Raymond James Financial lowered shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective on the stock. in a research report on Friday, October 31st. JPMorgan Chase & Co. raised their target price on shares of Lumentum to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Finally, Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $458.00.

Insiders Place Their Bets

In other Lumentum news, insider Yuen Wupen sold 3,157 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total value of $1,698,466.00. Following the sale, the insider owned 88,439 shares in the company, valued at $47,580,182. This represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Penny Herscher sold 4,849 shares of Lumentum stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $535.48, for a total value of $2,596,542.52. Following the transaction, the director owned 6,057 shares of the company’s stock, valued at $3,243,402.36. This represents a 44.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 60,473 shares of company stock valued at $35,186,972 over the last 90 days. 0.43% of the stock is currently owned by insiders.

Lumentum 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.