TriaGen Wealth Management LLC Has $1.46 Million Stake in Lumentum Holdings Inc. $LITE

TriaGen Wealth Management LLC lifted its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 139.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,959 shares of the technology company’s stock after buying an additional 2,304 shares during the quarter. TriaGen Wealth Management LLC’s holdings in Lumentum were worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in Lumentum in the 4th quarter valued at $28,000. Chesapeake Asset Management LLC bought a new position in Lumentum during the 4th quarter worth $37,000. BOCHK Asset Management Ltd acquired a new stake in shares of Lumentum during the fourth quarter worth $37,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Lumentum by 363.9% during the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares in the last quarter. Finally, Danske Bank A S bought a new stake in shares of Lumentum in the third quarter valued at about $33,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LITE has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on shares of Lumentum to $950.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Mizuho boosted their price objective on shares of Lumentum from $750.00 to $930.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Citigroup increased their target price on shares of Lumentum to $560.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Zacks Research cut shares of Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Barclays lifted their price target on shares of Lumentum to $750.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $629.44.

Lumentum Stock Performance

LITE opened at $894.07 on Monday. The stock has a market capitalization of $63.84 billion, a price-to-earnings ratio of 274.25 and a beta of 1.38. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. Lumentum Holdings Inc. has a twelve month low of $49.13 and a twelve month high of $960.00. The company has a 50-day simple moving average of $710.25 and a 200 day simple moving average of $442.01.

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

Insider Activity

In other Lumentum news, Director Penny Herscher sold 4,000 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $597.29, for a total transaction of $2,389,160.00. Following the completion of the sale, the director directly owned 2,057 shares in the company, valued at $1,228,625.53. This represents a 66.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vincent Retort sold 3,441 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total value of $1,878,028.98. Following the completion of the sale, the insider directly owned 95,975 shares in the company, valued at approximately $52,381,235.50. This represents a 3.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 65,775 shares of company stock worth $38,851,343. Insiders own 0.43% of the company’s stock.

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.