Fox Run Management L.L.C. Makes New $558,000 Investment in Lumentum Holdings Inc. $LITE

Fox Run Management L.L.C. purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the second quarter, HoldingsChannel.com reports. The fund purchased 5,867 shares of the technology company’s stock, valued at approximately $558,000.

Several other hedge funds have also recently made changes to their positions in LITE. FNY Investment Advisers LLC purchased a new stake in Lumentum during the 2nd quarter valued at $38,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Lumentum during the first quarter valued at $25,000. SVB Wealth LLC bought a new position in Lumentum in the first quarter valued at about $40,000. Hantz Financial Services Inc. grew its stake in shares of Lumentum by 224.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 704 shares of the technology company’s stock valued at $67,000 after purchasing an additional 487 shares during the period. Finally, Family Legacy Financial Solutions LLC bought a new position in shares of Lumentum in the 2nd quarter worth approximately $76,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lumentum

In related news, CAO Matthew Joseph Sepe sold 4,232 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $239.63, for a total value of $1,014,114.16. Following the completion of the transaction, the chief accounting officer directly owned 43,544 shares in the company, valued at approximately $10,434,448.72. The trade was a 8.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jae Kim sold 4,507 shares of Lumentum stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $116.88, for a total transaction of $526,778.16. Following the completion of the transaction, the senior vice president directly owned 33,465 shares in the company, valued at approximately $3,911,389.20. The trade was a 11.87% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 22,430 shares of company stock valued at $3,195,001. Insiders own 0.43% of the company’s stock.

Lumentum Stock Performance

Shares of LITE stock opened at $252.47 on Wednesday. The stock has a market cap of $17.90 billion, a PE ratio of 169.44 and a beta of 1.48. The stock has a 50-day moving average of $174.74 and a 200-day moving average of $122.05. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $273.89.

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

Analyst Upgrades and Downgrades

LITE has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. boosted their price objective on Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Rosenblatt Securities raised their target price on shares of Lumentum to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Citigroup initiated coverage on shares of Lumentum in a research report on Friday, August 29th. They issued a “buy” rating and a $165.00 price target for the company. Finally, Barclays raised their price objective on shares of Lumentum from $165.00 to $181.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $190.67.

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.