Chung Wu Investment Group LLC Invests $423,000 in Lumentum Holdings Inc. $LITE

Chung Wu Investment Group LLC bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,600 shares of the technology company’s stock, valued at approximately $423,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LITE. Hood River Capital Management LLC boosted its position in Lumentum by 82.1% in the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after buying an additional 994,551 shares during the last quarter. Norges Bank acquired a new position in shares of Lumentum in the second quarter worth about $82,983,000. FengHe Fund Management Pte. Ltd. purchased a new position in Lumentum in the third quarter valued at about $71,771,000. Broad Peak Investment Advisers Pte Ltd acquired a new stake in Lumentum during the 2nd quarter valued at approximately $41,235,000. Finally, William Blair Investment Management LLC acquired a new stake in Lumentum during the 2nd quarter valued at approximately $34,193,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Activity at Lumentum

In other news, Director Pamela Fletcher sold 3,421 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total transaction of $935,746.13. Following the completion of the transaction, the director owned 10,561 shares in the company, valued at approximately $2,888,750.33. This represents a 24.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julia Suzanne Johnson sold 10,000 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $270.39, for a total transaction of $2,703,900.00. Following the completion of the sale, the director directly owned 12,037 shares in the company, valued at approximately $3,254,684.43. This trade represents a 45.38% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 28,612 shares of company stock valued at $7,317,398. Company insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Stifel Nicolaus increased their target price on Lumentum from $220.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Morgan Stanley increased their price objective on shares of Lumentum to $350.00 and gave the company an “equal weight” rating in a research note on Friday. Weiss Ratings reissued a “hold (c-)” rating on shares of Lumentum in a research report on Monday, December 29th. Raymond James Financial cut shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price target on the stock. in a research report on Friday, October 31st. Finally, B. Riley lifted their price target on Lumentum from $83.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Lumentum has a consensus rating of “Moderate Buy” and a consensus target price of $288.06.

Lumentum Trading Up 2.7%

NASDAQ LITE opened at $391.84 on Friday. The firm has a market capitalization of $27.78 billion, a PE ratio of 262.98 and a beta of 1.51. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $448.00. The company has a 50-day simple moving average of $350.73 and a 200-day simple moving average of $225.41. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37.

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

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.