Spire Wealth Management Makes New $916,000 Investment in Lumentum Holdings Inc. $LITE

Spire Wealth Management purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,632 shares of the technology company’s stock, valued at approximately $916,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hood River Capital Management LLC grew its holdings in Lumentum by 82.1% during the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after acquiring an additional 994,551 shares during the last quarter. Norges Bank acquired a new position in shares of Lumentum during the second quarter worth $82,983,000. Broad Peak Investment Advisers Pte Ltd acquired a new stake in Lumentum in the second quarter valued at $41,235,000. William Blair Investment Management LLC bought a new position in Lumentum during the 2nd quarter worth $34,193,000. Finally, Channing Capital Management LLC grew its position in shares of Lumentum by 61.0% in the 2nd quarter. Channing Capital Management LLC now owns 948,334 shares of the technology company’s stock valued at $90,149,000 after buying an additional 359,394 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Stock Performance

Shares of LITE opened at $351.42 on Friday. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $402.79. The company has a market cap of $24.92 billion, a PE ratio of 235.85 and a beta of 1.51. The stock has a 50-day moving average of $316.21 and a 200-day moving average of $198.10. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.07. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The business had revenue of $533.80 million for the quarter, compared to analyst estimates of $525.10 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. The company’s quarterly revenue was up 58.4% on a year-over-year basis. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, equities research analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

LITE has been the topic of several analyst reports. Raymond James Financial cut Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 target price on the stock. in a report on Friday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Wolfe Research reiterated an “outperform” rating and set a $240.00 price objective on shares of Lumentum in a research report on Wednesday, November 5th. Mizuho set a $455.00 target price on shares of Lumentum in a report on Friday. Finally, Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $230.25.

Insider Activity

In other news, CAO Matthew Joseph Sepe sold 4,232 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $239.63, for a total transaction of $1,014,114.16. Following the completion of the sale, the chief accounting officer directly owned 43,544 shares of the company’s stock, valued at $10,434,448.72. The trade was a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Pamela Fletcher sold 3,421 shares of Lumentum stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total value of $935,746.13. Following the transaction, the director owned 10,561 shares of the company’s stock, valued at $2,888,750.33. This trade represents a 24.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 28,612 shares of company stock valued at $7,317,398. 0.43% of the stock is currently owned by insiders.

Lumentum 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.