10,000 Shares in Lumentum Holdings Inc. $LITE Bought by S Squared Technology LLC

S Squared Technology LLC bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the technology company’s stock, valued at approximately $951,000.

A number of other institutional investors also recently modified their holdings of LITE. Skandinaviska Enskilda Banken AB publ bought a new position in Lumentum during the first quarter worth about $25,000. FNY Investment Advisers LLC bought a new stake in Lumentum in the 2nd quarter valued at about $38,000. SVB Wealth LLC acquired a new position in shares of Lumentum during the 1st quarter worth approximately $40,000. Advisors Asset Management Inc. grew its position in shares of Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after purchasing an additional 254 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Lumentum by 224.4% during the second quarter. Hantz Financial Services Inc. now owns 704 shares of the technology company’s stock worth $67,000 after purchasing an additional 487 shares during the period. Institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

Shares of LITE stock opened at $240.11 on Monday. The business has a fifty day simple moving average of $169.80 and a 200 day simple moving average of $119.28. The company has a market cap of $17.02 billion, a P/E ratio of 161.15 and a beta of 1.48. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $258.35.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, November 4th. The technology company reported $1.10 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 the consensus estimate of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The business’s quarterly revenue was up 58.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, sell-side analysts forecast that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LITE has been the subject of several recent research reports. Zacks Research cut Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Stifel Nicolaus set a $220.00 price objective on Lumentum in a report on Wednesday. JPMorgan Chase & Co. increased their target price on Lumentum from $145.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Susquehanna raised their price target on Lumentum from $140.00 to $190.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Finally, Raymond James Financial cut shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective for the company. in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.67.

Insider Activity at Lumentum

In other news, CFO Wajid Ali sold 2,526 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $124.39, for a total value of $314,209.14. Following the completion of the transaction, the chief financial officer directly owned 77,087 shares in the company, valued at approximately $9,588,851.93. This represents a 3.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yuen Wupen sold 3,282 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $119.25, for a total value of $391,378.50. Following the sale, the insider directly owned 104,554 shares in the company, valued at approximately $12,468,064.50. This trade represents a 3.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,198 shares of company stock worth $2,180,887 in the last 90 days. 0.43% of the stock is currently 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.