4,322 Shares in Lumentum Holdings Inc. $LITE Purchased by BDF Gestion

BDF Gestion bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 4,322 shares of the technology company’s stock, valued at approximately $4,198,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC acquired a new position in shares of Lumentum during the first quarter worth $25,000. Sachetta LLC increased its holdings in Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after purchasing an additional 19 shares during the period. Burkett Financial Services LLC acquired a new stake in Lumentum in the third quarter valued at $28,000. Meeder Asset Management Inc. acquired a new stake in Lumentum in the second quarter valued at $40,000. Finally, Keating Financial Advisory Services Inc. bought a new position in Lumentum during the 2nd quarter worth $41,000. 94.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Zacks Research downgraded Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Citigroup increased their price target on Lumentum from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a research note on Monday, September 28th. Sanford C. Bernstein assumed coverage on Lumentum in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $1,220.00 price target for the company. Needham & Company LLC restated a “buy” rating and set a $1,040.00 price objective on shares of Lumentum in a research report on Wednesday, August 12th. Finally, Bank of America cut their price objective on 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. Sixteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and a consensus target price of $1,078.75.

Insider Buying and Selling at Lumentum

In other news, CFO Wajid Ali sold 24,542 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total transaction of $25,732,287.00. Following the transaction, the chief financial officer owned 75,074 shares in the company, valued at approximately $78,715,089. This represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 307 shares of the stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $945.00, for a total transaction of $290,115.00. Following the transaction, the insider directly owned 108,320 shares in the company, valued at $102,362,400. This trade represents a 0.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 94,496 shares of company stock valued at $85,978,498. Insiders own 0.28% of the company’s stock.

Lumentum Trading Up 3.5%

Shares of Lumentum stock traded up $28.98 on Monday, reaching $853.11. 2,327,360 shares of the company’s stock were exchanged, compared to its average volume of 5,479,587. The company has a market capitalization of $77.27 billion, a P/E ratio of -10.39 and a beta of 1.53. Lumentum Holdings Inc. has a 52 week low of $152.54 and a 52 week high of $1,143.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. The firm’s 50-day moving average is $931.48 and its two-hundred day moving average is $877.62.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same quarter in the previous year, the company earned $0.88 EPS. Lumentum’s quarterly revenue was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Sell-side analysts predict that Lumentum Holdings Inc. will post 19.79 EPS for the current fiscal year.

Lumentum Profile

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.