SMART Wealth LLC Buys 670 Shares of Lumentum Holdings Inc. $LITE

SMART Wealth LLC increased its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 55.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,872 shares of the technology company’s stock after purchasing an additional 670 shares during the period. SMART Wealth LLC’s holdings in Lumentum were worth $1,316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in LITE. Hilton Head Capital Partners LLC bought a new stake in shares of Lumentum in the first quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its position in Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after buying an additional 131 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Lumentum in the 4th quarter valued at approximately $28,000. Truvestments Capital LLC lifted its stake in Lumentum by 300.0% in the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after acquiring an additional 57 shares in the last quarter. Finally, Triumph Capital Management acquired a new position in Lumentum during the 4th quarter worth approximately $30,000. Institutional investors own 94.05% of the company’s stock.

Lumentum Stock Performance

Shares of LITE opened at $858.06 on Wednesday. The company has a market cap of $66.76 billion, a PE ratio of 158.90 and a beta of 1.47. The firm has a 50-day moving average of $899.51 and a 200-day moving average of $677.61. Lumentum Holdings Inc. has a one year low of $88.37 and a one year high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company had revenue of $808.40 million for the quarter, compared to analysts’ expectations of $810.21 million. During the same period in the prior year, the firm earned $0.57 EPS. Lumentum’s quarterly revenue was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, equities analysts forecast that Lumentum Holdings Inc. will post 6.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LITE. Citic Securities lifted their price objective on shares of Lumentum from $620.00 to $1,186.00 in a report on Monday, May 11th. Mizuho set a $1,100.00 target price on shares of Lumentum in a research report on Wednesday, May 6th. Morgan Stanley lifted their price target on shares of Lumentum from $710.00 to $900.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price target on shares of Lumentum from $950.00 to $1,130.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Loop Capital increased their price objective on shares of Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.95.

Insider Transactions at Lumentum

In other news, Director Ian Small sold 4,954 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total value of $4,300,418.78. Following the completion of the sale, the director directly owned 21,008 shares of the company’s stock, valued at $18,236,414.56. This trade represents a 19.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Wajid Ali sold 2,487 shares of Lumentum stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $2,372,473.65. Following the transaction, the chief financial officer owned 60,951 shares of the company’s stock, valued at $58,144,206.45. This represents a 3.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last ninety days, insiders have sold 41,260 shares of company stock valued at $38,859,220. Company insiders own 0.43% of the company’s stock.

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.