649 Shares in Lumentum Holdings Inc. $LITE Acquired by SVB Wealth LLC

SVB Wealth LLC bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 649 shares of the technology company’s stock, valued at approximately $40,000.

A number of other large investors have also bought and sold shares of the business. Mariner LLC boosted its position in Lumentum by 6.1% during the 4th quarter. Mariner LLC now owns 5,785 shares of the technology company’s stock worth $486,000 after acquiring an additional 333 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Lumentum by 529.1% in the 4th quarter. First Trust Advisors LP now owns 86,981 shares of the technology company’s stock valued at $7,302,000 after buying an additional 73,155 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Lumentum by 97.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 114,288 shares of the technology company’s stock valued at $9,595,000 after buying an additional 56,464 shares during the last quarter. Nebula Research & Development LLC acquired a new stake in shares of Lumentum in the 4th quarter valued at approximately $288,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Lumentum by 1.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 53,238 shares of the technology company’s stock valued at $4,469,000 after buying an additional 763 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LITE has been the subject of several recent analyst reports. Raymond James Financial increased their price objective on Lumentum from $125.00 to $145.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 13th. Northland Securities set a $80.00 price target on Lumentum in a report on Wednesday, May 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $150.00 price target on shares of Lumentum in a report on Thursday, August 14th. Bank of America raised Lumentum from an “underperform” rating to a “neutral” rating and raised their price target for the company from $78.00 to $135.00 in a report on Wednesday, August 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price target (up previously from $135.00) on shares of Lumentum in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.85.

Lumentum Stock Up 1.0%

LITE opened at $125.84 on Thursday. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $129.98. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.18 and a current ratio of 4.37. The company has a market capitalization of $8.80 billion, a P/E ratio of 547.13 and a beta of 1.33. The stock has a fifty day moving average of $104.36 and a 200-day moving average of $80.76.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The company had revenue of $480.70 million for the quarter, compared to analysts’ expectations of $465.27 million. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.Lumentum’s revenue was up 55.9% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. On average, equities analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Insider Activity at Lumentum

In other Lumentum news, insider Vincent Retort sold 22,719 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $110.00, for a total transaction of $2,499,090.00. Following the transaction, the insider owned 121,747 shares in the company, valued at approximately $13,392,170. This represents a 15.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Alan S. Lowe sold 20,000 shares of the company’s stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $93.47, for a total transaction of $1,869,400.00. Following the transaction, the director owned 230,471 shares in the company, valued at approximately $21,542,124.37. The trade was a 7.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,102 shares of company stock worth $8,695,992 over the last ninety days. 0.19% of the stock is owned by corporate insiders.

About Lumentum

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.