Ramirez Asset Management Inc. Sells 100 Shares of Lumentum Holdings Inc. $LITE

Ramirez Asset Management Inc. lowered its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 11.1% during the second quarter, Holdings Channel reports. The firm owned 800 shares of the technology company’s stock after selling 100 shares during the period. Ramirez Asset Management Inc.’s holdings in Lumentum were worth $76,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Lumentum by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock valued at $463,198,000 after buying an additional 47,811 shares in the last quarter. PointState Capital LP acquired a new position in shares of Lumentum in the 1st quarter valued at approximately $213,503,000. Atreides Management LP raised its position in shares of Lumentum by 6.8% in the 1st quarter. Atreides Management LP now owns 1,875,257 shares of the technology company’s stock valued at $116,904,000 after buying an additional 119,938 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Lumentum by 1.1% in the 1st quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company’s stock valued at $107,913,000 after buying an additional 19,085 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Lumentum by 26.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,063,529 shares of the technology company’s stock valued at $66,300,000 after buying an additional 225,240 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lumentum

In other news, insider Yuen Wupen sold 3,282 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $119.25, for a total transaction of $391,378.50. Following the transaction, the insider owned 104,554 shares in the company, valued at approximately $12,468,064.50. This represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vincent Retort sold 22,719 shares of the company’s stock in a transaction dated 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 $13,392,170. This represents a 15.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,687 shares of company stock valued at $4,759,552 over the last 90 days. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a research report on Wednesday. Susquehanna upped their price objective on shares of Lumentum to $125.00 and gave the stock a “positive” rating in a research report on Tuesday, August 12th. KGI Securities began coverage on shares of Lumentum in a research report on Monday, August 18th. They set an “outperform” rating for the company. Raymond James Financial upped their price objective on shares of Lumentum from $125.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 13th. Finally, Rosenblatt Securities upped their price objective on shares of Lumentum from $150.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and an average price target of $136.57.

Lumentum Trading Down 6.4%

NASDAQ:LITE opened at $149.61 on Friday. The firm’s fifty day moving average is $142.47 and its 200-day moving average is $99.88. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.18 and a current ratio of 4.37. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $178.49. The firm has a market cap of $10.61 billion, a P/E ratio of 650.48 and a beta of 1.42.

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

Lumentum Profile

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.