Chung Wu Investment Group LLC Buys New Stake in Lumentum Holdings Inc. $LITE

Chung Wu Investment Group LLC purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,600 shares of the technology company’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Federated Hermes Inc. increased its stake in shares of Lumentum by 7,168.8% during the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock valued at $58,958,000 after acquiring an additional 357,367 shares during the period. FengHe Fund Management Pte. Ltd. bought a new position in Lumentum during the 3rd quarter valued at $71,771,000. Pacer Advisors Inc. bought a new position in Lumentum during the 3rd quarter valued at $1,512,000. Leeward Investments LLC MA increased its position in shares of Lumentum by 14.8% during the 2nd quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock valued at $49,092,000 after purchasing an additional 66,541 shares during the period. Finally, Braun Stacey Associates Inc. bought a new stake in shares of Lumentum in the 3rd quarter worth $15,125,000. Institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling at Lumentum

In related news, Director Julia Suzanne Johnson sold 10,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $270.39, for a total transaction of $2,703,900.00. Following the transaction, the director directly owned 12,037 shares of the company’s stock, valued at approximately $3,254,684.43. The trade was a 45.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $243.32, for a total value of $1,751,904.00. Following the completion of the sale, the director directly owned 9,764 shares of the company’s stock, valued at approximately $2,375,776.48. This represents a 42.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,612 shares of company stock valued at $7,317,398 in the last ninety days. Company insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on LITE. Wolfe Research reaffirmed an “outperform” rating and set a $240.00 target price on shares of Lumentum in a report on Wednesday, November 5th. Wall Street Zen cut shares of Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 29th. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Finally, Needham & Company LLC lifted their price target on shares of Lumentum to $290.00 and gave the stock a “buy” rating in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $288.06.

Lumentum Stock Performance

Lumentum stock opened at $391.84 on Friday. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $448.00. The firm’s 50 day simple moving average is $350.73 and its 200-day simple moving average is $225.41. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The company has a market cap of $27.78 billion, a P/E ratio of 262.98 and a beta of 1.51.

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

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.