Strs Ohio Cuts Stake in Lumentum Holdings Inc. $LITE

Strs Ohio lessened its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 56.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 30,643 shares of the technology company’s stock after selling 39,321 shares during the period. Strs Ohio’s holdings in Lumentum were worth $4,986,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its holdings in 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. NewEdge Advisors LLC boosted its position in Lumentum by 109.9% during the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock valued at $747,000 after purchasing an additional 6,275 shares in the last quarter. Empowered Funds LLC grew its stake in Lumentum by 9.1% in the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after purchasing an additional 680 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Lumentum by 1.4% in the second quarter. Public Employees Retirement System of Ohio now owns 22,304 shares of the technology company’s stock worth $2,120,000 after purchasing an additional 310 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Lumentum by 16.4% during the second quarter. Signaturefd LLC now owns 1,582 shares of the technology company’s stock valued at $150,000 after buying an additional 223 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $332.45 on Tuesday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The stock has a market capitalization of $23.57 billion, a price-to-earnings ratio of 223.12 and a beta of 1.51. The firm’s 50 day simple moving average is $340.26 and its 200-day simple moving average is $218.23. Lumentum Holdings Inc. has a 12 month low of $45.65 and a 12 month high of $402.79.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The company had revenue of $533.80 million during the quarter, compared to analysts’ expectations of $525.10 million. During the same quarter in the previous year, the company earned $0.18 earnings per share. The firm’s revenue for the quarter was up 58.4% on a year-over-year basis. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LITE. Susquehanna lifted their price objective on shares of Lumentum from $230.00 to $420.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. increased their price objective on Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Wall Street Zen downgraded Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Barclays increased their price target on Lumentum from $181.00 to $365.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Lumentum has a consensus rating of “Moderate Buy” and a consensus price target of $285.19.

Insiders Place Their Bets

In related news, Director Julia Suzanne Johnson sold 10,000 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $270.39, for a total transaction of $2,703,900.00. Following the completion of the transaction, the director owned 12,037 shares in the company, valued at $3,254,684.43. This represents a 45.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $243.32, for a total value of $1,751,904.00. Following the completion of the transaction, the director directly owned 9,764 shares of the company’s stock, valued at approximately $2,375,776.48. This represents a 42.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 28,612 shares of company stock valued at $7,317,398. 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.