Braun Stacey Associates Inc. Reduces Stock Holdings in Lumentum Holdings Inc. $LITE

Braun Stacey Associates Inc. lessened its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 15.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,844 shares of the technology company’s stock after selling 16,912 shares during the quarter. Lumentum comprises 2.1% of Braun Stacey Associates Inc.’s portfolio, making the stock its 7th largest position. Braun Stacey Associates Inc.’s holdings in Lumentum were worth $64,544,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hilton Head Capital Partners LLC purchased a new position in shares of Lumentum during the first quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its stake in shares of Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Lumentum in the 4th quarter worth approximately $28,000. Truvestments Capital LLC increased its position in Lumentum by 300.0% during the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after buying an additional 57 shares in the last quarter. Finally, Triumph Capital Management bought a new position in Lumentum during the 4th quarter valued at approximately $30,000. Institutional investors own 94.05% of the company’s stock.

Lumentum Trading Down 5.0%

Shares of NASDAQ:LITE opened at $818.73 on Friday. The company has a market cap of $63.70 billion, a P/E ratio of 151.62 and a beta of 1.47. 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 Holdings Inc. has a 1 year low of $88.37 and a 1 year high of $1,085.68. The stock’s fifty day moving average price is $901.03 and its 200-day moving average price is $668.39.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.27 by $0.10. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The company had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. During the same period last year, the company earned $0.57 EPS. Lumentum’s revenue for the quarter was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Sell-side analysts expect that Lumentum Holdings Inc. will post 6.4 earnings per share for the current year.

Insider Transactions at Lumentum

In other news, CFO Wajid Ali sold 2,487 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $2,372,473.65. Following the completion of the transaction, the chief financial officer directly owned 60,951 shares of the company’s stock, valued at $58,144,206.45. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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, Director Isaac Hosojiro Harris sold 1,416 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the transaction, the director owned 6,984 shares in the company, valued at approximately $6,984,558.72. This trade represents a 16.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 41,260 shares of company stock valued at $38,859,220. Company insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on LITE. Citigroup boosted their target price on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Rosenblatt Securities lifted their price target on Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. UBS Group upped their price target on shares of Lumentum from $455.00 to $960.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Northland Securities increased their price objective on shares of Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.95.

Lumentum 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.