Keystone Investors PTE Ltd. Buys 102,873 Shares of Lumentum Holdings Inc. $LITE

Keystone Investors PTE Ltd. lifted its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 192.6% in the third quarter, Holdings Channel.com reports. The firm owned 156,277 shares of the technology company’s stock after buying an additional 102,873 shares during the period. Lumentum comprises about 2.9% of Keystone Investors PTE Ltd.’s holdings, making the stock its 12th biggest position. Keystone Investors PTE Ltd.’s holdings in Lumentum were worth $25,428,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total value of $26,624,774.32. Following the completion of the transaction, the insider directly owned 102,455 shares of the company’s stock, valued at approximately $60,583,690.60. The trade was a 30.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Yuen Wupen sold 3,157 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the sale, the insider directly owned 88,439 shares in the company, valued at approximately $47,580,182. The trade was a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 60,473 shares of company stock worth $35,186,972. 0.43% of the stock is currently owned by company insiders.

Lumentum Trading Up 3.5%

NASDAQ:LITE opened at $700.91 on Friday. The firm has a 50-day simple moving average of $454.79 and a 200-day simple moving average of $291.42. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $765.00. The firm has a market cap of $50.04 billion, a P/E ratio of 215.00 and a beta of 1.51. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Susquehanna raised their price target on Lumentum to $550.00 and gave the stock a “positive” rating in a research note on Wednesday, February 4th. Wolfe Research reaffirmed an “outperform” rating and issued a $240.00 price objective on shares of Lumentum in a research report on Wednesday, November 5th. Raymond James Financial lowered Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 target price on the stock. in a research note on Friday, October 31st. Finally, Needham & Company LLC boosted their target price on shares of Lumentum to $550.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $458.00.

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.