U.S. Capital Wealth Advisors LLC Buys Shares of 606 Lumentum Holdings Inc. $LITE

U.S. Capital Wealth Advisors LLC purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 606 shares of the technology company’s stock, valued at approximately $223,000.

Several other large investors have also recently made changes to their positions in LITE. Allworth Financial LP boosted its position in Lumentum by 6.4% during the third quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock valued at $128,000 after purchasing an additional 47 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in Lumentum by 0.4% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock valued at $2,532,000 after purchasing an additional 64 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Lumentum by 58.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock worth $76,000 after purchasing an additional 76 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Lumentum in the fourth quarter worth about $28,000. Finally, UMB Bank n.a. lifted its position in shares of Lumentum by 11.2% during the third quarter. UMB Bank n.a. now owns 920 shares of the technology company’s stock valued at $150,000 after buying an additional 93 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Lumentum Price Performance

Shares of LITE stock opened at $894.07 on Friday. Lumentum Holdings Inc. has a fifty-two week low of $49.13 and a fifty-two week high of $960.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The firm has a market capitalization of $63.84 billion, a price-to-earnings ratio of 274.25 and a beta of 1.38. The stock’s 50-day simple moving average is $710.25 and its 200-day simple moving average is $438.19.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.41 by $0.26. The firm had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. Lumentum’s revenue was up 65.5% on a year-over-year basis. During the same period last year, the firm posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

LITE has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on shares of Lumentum to $595.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. Susquehanna boosted their price objective on shares of Lumentum to $550.00 and gave the stock a “positive” rating in a research note on Wednesday, February 4th. Stifel Nicolaus increased their target price on shares of Lumentum to $800.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Citigroup raised their target price on shares of Lumentum to $560.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Finally, UBS Group lifted their price target on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $629.44.

Insider Activity at Lumentum

In other Lumentum news, CFO Wajid Ali sold 5,302 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the transaction, the chief financial officer owned 66,287 shares of the company’s stock, valued at approximately $45,812,934.31. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Vincent Retort sold 45,026 shares of Lumentum stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the sale, the insider owned 102,455 shares of the company’s stock, valued at $60,583,690.60. The trade was a 30.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 65,775 shares of company stock worth $38,851,343. 0.43% of the stock is owned by company insiders.

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.