Lumentum Holdings Inc. $LITE Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC grew its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 17.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 103,383 shares of the technology company’s stock after buying an additional 15,050 shares during the quarter. ProShare Advisors LLC’s holdings in Lumentum were worth $100,412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in LITE. Vise Technologies Inc. raised its position in shares of Lumentum by 70.7% during the 3rd quarter. Vise Technologies Inc. now owns 4,375 shares of the technology company’s stock valued at $4,250,000 after acquiring an additional 1,812 shares in the last quarter. Blue Fin Capital Inc. boosted its holdings in Lumentum by 34.7% in the third quarter. Blue Fin Capital Inc. now owns 361 shares of the technology company’s stock worth $351,000 after purchasing an additional 93 shares during the period. MGO One Seven LLC increased its stake in Lumentum by 246.5% during the third quarter. MGO One Seven LLC now owns 1,230 shares of the technology company’s stock valued at $1,195,000 after purchasing an additional 875 shares during the last quarter. Avestar Capital LLC increased its stake in Lumentum by 17.6% during the third quarter. Avestar Capital LLC now owns 540 shares of the technology company’s stock valued at $524,000 after purchasing an additional 81 shares during the last quarter. Finally, Canopy Partners LLC bought a new stake in Lumentum during the third quarter valued at $370,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Activity

In other Lumentum news, insider Yuen Wupen sold 1,500 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,241,730.00. Following the completion of the transaction, the insider owned 100,434 shares in the company, valued at approximately $83,141,273.88. This represents a 1.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael Hurlston sold 548 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $958.66, for a total transaction of $525,345.68. Following the completion of the sale, the chief executive officer owned 186,951 shares in the company, valued at $179,222,445.66. The trade was a 0.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 94,496 shares of company stock worth $85,978,498 over the last three months. Insiders own 0.28% of the company’s stock.

Lumentum Stock Performance

LITE stock opened at $840.70 on Monday. 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 stock has a market capitalization of $76.15 billion, a price-to-earnings ratio of -10.23 and a beta of 1.53. Lumentum Holdings Inc. has a 1 year low of $184.20 and a 1 year high of $1,143.00. The stock’s fifty day moving average is $922.90 and its two-hundred day moving average is $795.00.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Monday, November 2nd. The technology company reported $4.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.22 by $0.35. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. On average, research analysts predict that Lumentum Holdings Inc. will post 19.79 EPS for the current year.

Analysts Set New Price Targets

LITE has been the topic of a number of recent research reports. Bank of America reduced their price target on shares of Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. Stifel Nicolaus boosted their price objective on shares of Lumentum from $1,100.00 to $1,232.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Needham & Company LLC reiterated a “buy” rating and set a $1,040.00 price objective on shares of Lumentum in a research note on Wednesday, August 12th. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 target price on shares of Lumentum in a report on Monday, October 5th. Finally, UBS Group set a $820.00 target price on Lumentum in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,080.83.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum reported quarterly EPS of $4.57, exceeding the $4.22 analyst consensus, while revenue of $1.26 billion also topped expectations of $1.25 billion. The earnings surprise strengthens the case for continued demand from AI and optical-networking customers. Lumentum quarterly earnings release
• Positive Sentiment: Reports indicate Marvell is in advanced, potentially all-stock discussions to acquire Lumentum for approximately $83 billion. A transaction could provide LITE shareholders with a takeover premium and combine Lumentum’s optical components with Marvell’s AI-networking business, though no deal has been confirmed. Marvell takeover report
• Neutral Sentiment: Trading in LITE was temporarily halted for “news pending,” underscoring the market sensitivity surrounding the earnings release and acquisition reports. The halt itself does not confirm that a transaction will occur. Lumentum takeover talks report
• Negative Sentiment: Valuation remains a concern. One analysis rated Lumentum a Sell with an estimated fair value of $400 per share, arguing that AI-driven growth, supply shortages and unusually high margins may already be reflected in the stock and could weaken as capacity expands. Customer bargaining power and high reinvestment needs may also limit free-cash-flow growth. Lumentum valuation analysis

Lumentum Company 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.