Lumentum Holdings Inc. $LITE Holdings Trimmed by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,121 shares of the technology company’s stock after selling 1,297 shares during the period. Yousif Capital Management LLC’s holdings in Lumentum were worth $3,599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of LITE. PointState Capital LP bought a new position in shares of Lumentum during the 1st quarter valued at about $213,503,000. Hood River Capital Management LLC boosted its holdings in Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after buying an additional 994,551 shares in the last quarter. Analog Century Management LP acquired a new position in Lumentum in the first quarter worth approximately $60,348,000. Norges Bank acquired a new position in Lumentum in the second quarter worth approximately $82,983,000. Finally, Broad Peak Investment Advisers Pte Ltd bought a new position in shares of Lumentum in the second quarter valued at $41,235,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LITE shares. Northland Securities set a $350.00 price objective on Lumentum in a research note on Wednesday, December 3rd. B. Riley upped their target price on Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Wall Street Zen lowered Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a report on Monday. Finally, Stifel Nicolaus set a $220.00 price objective on shares of Lumentum in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $222.13.

Lumentum Stock Down 1.3%

NASDAQ:LITE opened at $390.77 on Friday. The business’s fifty day moving average price is $278.69 and its 200 day moving average price is $177.54. The firm has a market capitalization of $27.71 billion, a price-to-earnings ratio of 262.26 and a beta of 1.53. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $401.60.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.07. The company had revenue of $533.80 million for 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%.The business’s revenue for the quarter was up 58.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 EPS. 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 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Yuen Wupen sold 822 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $258.96, for a total transaction of $212,865.12. Following the completion of the sale, the insider directly owned 95,077 shares in the company, valued at approximately $24,621,139.92. This trade represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pamela Fletcher sold 3,421 shares of Lumentum stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total value of $935,746.13. Following the sale, the director directly owned 10,561 shares of the company’s stock, valued at approximately $2,888,750.33. The trade was a 24.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 28,612 shares of company stock worth $7,317,398. 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.