HighPoint Advisor Group LLC purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 569 shares of the technology company’s stock, valued at approximately $210,000.
Several other institutional investors also recently modified their holdings of the stock. Swiss Life Asset Management Ltd increased its holdings in shares of Lumentum by 13.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 3,597 shares of the technology company’s stock worth $1,326,000 after buying an additional 416 shares in the last quarter. F m Investments LLC acquired a new position in shares of Lumentum during the fourth quarter worth $902,000. Crossmark Global Holdings Inc. increased its holdings in shares of Lumentum by 14.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 4,558 shares of the technology company’s stock worth $1,680,000 after buying an additional 566 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of Lumentum during the fourth quarter worth $430,000. Finally, Maxi Investments CY Ltd acquired a new position in shares of Lumentum during the fourth quarter worth $2,212,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.
Lumentum Stock Performance
NASDAQ LITE opened at $970.70 on Friday. The company has a market capitalization of $75.52 billion, a price-to-earnings ratio of 179.76 and a beta of 1.53. Lumentum Holdings Inc. has a twelve month low of $71.04 and a twelve month high of $1,085.68. The stock has a fifty day simple moving average of $809.96 and a 200 day simple moving average of $535.23. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01.
Key Lumentum News
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: Zacks Research upgraded Lumentum (LITE) from hold to strong-buy, signaling improved earnings outlook and stronger near-term sentiment. Tickerreport.com
- Positive Sentiment: Investors are reacting to reports of surging AI optics demand, with Lumentum’s components business reportedly sold out through 2028 and the company planning to expand manufacturing capacity, which supports a higher valuation. Lumentum’s AI Optics Demand And NVIDIA Deal Reshape Valuation Debate
- Positive Sentiment: The stock also benefited from broader momentum-stock and analyst coverage that placed LITE on Zacks’ Rank #1 Strong Buy list, adding to bullish trading sentiment. Best Momentum Stocks to Buy for May 14th
- Positive Sentiment: Multiple articles highlighted accelerating growth in Lumentum’s components business, particularly around AI optics and hyperscale data-center demand, reinforcing expectations for continued revenue strength. Lumentum’s Components Business Accelerates: More Upside Ahead?
- Neutral Sentiment: Investor attention is also building around an upcoming May 18 event, but the articles provided do not specify a concrete new catalyst yet. Dear Lumentum stock fans, mark your calendars for May 18
Insider Activity
In other Lumentum news, Director Brian Lillie sold 11,951 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $981.64, for a total transaction of $11,731,579.64. Following the completion of the sale, the director directly owned 13,959 shares in the company, valued at approximately $13,702,712.76. This trade represents a 46.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 1,933 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $950.99, for a total value of $1,838,263.67. Following the sale, the senior vice president owned 35,114 shares of the company’s stock, valued at approximately $33,393,062.86. The trade was a 5.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 32,488 shares of company stock worth $27,115,961. 0.43% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on LITE shares. Rosenblatt Securities upped their price target on shares of Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Lumentum in a report on Tuesday, April 21st. TD Cowen increased their price objective on Lumentum from $875.00 to $995.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Citigroup increased their price objective on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Jefferies Financial Group restated a “buy” rating and issued a $1,200.00 price objective on shares of Lumentum in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,012.43.
Read Our Latest Report on Lumentum
About Lumentum
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.
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