JB Capital LLC Sells 1,284 Shares of Lumentum Holdings Inc. $LITE

JB Capital LLC trimmed its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,360 shares of the technology company’s stock after selling 1,284 shares during the period. JB Capital LLC’s holdings in Lumentum were worth $14,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in LITE. Advisors Asset Management Inc. boosted its position in shares of Lumentum by 36.8% in the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after acquiring an additional 254 shares during the period. NewEdge Advisors LLC increased its position in Lumentum by 109.9% during the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after acquiring an additional 6,275 shares during the period. Empowered Funds LLC raised its stake in Lumentum by 9.1% in the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after purchasing an additional 680 shares in the last quarter. Prudential Financial Inc. raised its stake in Lumentum by 21.3% in the 2nd quarter. Prudential Financial Inc. now owns 7,327 shares of the technology company’s stock worth $697,000 after purchasing an additional 1,288 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Lumentum by 53.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,682 shares of the technology company’s stock valued at $540,000 after purchasing an additional 1,986 shares during the period. Institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LITE. JPMorgan Chase & Co. increased their target price on shares of Lumentum to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Barclays boosted their price target on Lumentum to $750.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. UBS Group increased their price target on Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. TD Cowen started coverage on Lumentum in a research note on Thursday, March 12th. They set a “hold” rating and a $675.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $575.06.

Lumentum Stock Performance

Shares of Lumentum stock opened at $826.88 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The company has a market cap of $59.04 billion, a PE ratio of 253.64 and a beta of 1.38. The company has a 50 day moving average of $622.91 and a 200-day moving average of $391.32. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $827.56.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. During the same period last year, the firm posted $0.42 earnings per share. The firm’s quarterly revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities research analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the completion of the transaction, the insider owned 102,455 shares of the company’s stock, valued at approximately $60,583,690.60. The trade was a 30.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yuen Wupen sold 3,157 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total value of $1,698,466.00. Following the sale, the insider owned 88,439 shares of the company’s stock, valued at approximately $47,580,182. This represents a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 65,775 shares of company stock worth $38,851,343. 0.43% of the stock is currently owned by company insiders.

Lumentum Company 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.