Police & Firemen s Retirement System of New Jersey Boosts Stake in Lumentum Holdings Inc. $LITE

Police & Firemen s Retirement System of New Jersey lifted its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 7.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,486 shares of the technology company’s stock after purchasing an additional 1,802 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Lumentum were worth $2,518,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. PointState Capital LP acquired a new stake in shares of Lumentum in the first quarter valued at approximately $213,503,000. Analog Century Management LP acquired a new stake in Lumentum during the 1st quarter worth $60,348,000. Channing Capital Management LLC purchased a new position in Lumentum during the 1st quarter worth $36,715,000. Nuveen LLC acquired a new position in Lumentum in the first quarter valued at $27,054,000. Finally, Broad Peak Investment Advisers Pte Ltd purchased a new stake in shares of Lumentum in the second quarter valued at about $41,235,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Stock Up 2.2%

Lumentum stock opened at $247.43 on Wednesday. The stock’s 50 day moving average price is $184.26 and its 200 day moving average price is $128.38. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $273.89. The company has a market cap of $17.54 billion, a PE ratio of 166.06 and a beta of 1.48. 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 (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.07. The firm had revenue of $533.80 million during the quarter, compared to analysts’ expectations of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.Lumentum’s revenue was up 58.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, sell-side analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Analyst Ratings Changes

LITE has been the topic of a number of research reports. B. Riley raised their price target on Lumentum from $83.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. KGI Securities assumed coverage on Lumentum in a research note on Monday, August 18th. They issued an “outperform” rating on the stock. Susquehanna upped their price target on Lumentum from $140.00 to $190.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Stifel Nicolaus set a $220.00 price target on Lumentum in a report on Wednesday, November 5th. Finally, Needham & Company LLC boosted their price objective on shares of Lumentum from $180.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and a consensus price target of $196.88.

Insider Transactions at Lumentum

In other news, SVP Jae Kim sold 170 shares of Lumentum stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $246.00, for a total transaction of $41,820.00. Following the completion of the sale, the senior vice president directly owned 38,400 shares in the company, valued at approximately $9,446,400. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Yuen Wupen sold 821 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $234.14, for a total value of $192,228.94. Following the completion of the sale, the insider owned 96,720 shares in the company, valued at approximately $22,646,020.80. This represents a 0.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 37,965 shares of company stock valued at $7,810,818. 0.43% of the stock is owned by company 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.