Three Seasons Wealth LLC Sells 1,326 Shares of Lumentum Holdings Inc. $LITE

Three Seasons Wealth LLC lessened its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 30.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,099 shares of the technology company’s stock after selling 1,326 shares during the period. Three Seasons Wealth LLC’s holdings in Lumentum were worth $1,142,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in LITE. Federated Hermes Inc. boosted its holdings in Lumentum by 7,168.8% during the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock worth $58,958,000 after buying an additional 357,367 shares during the last quarter. FengHe Fund Management Pte. Ltd. acquired a new position in shares of Lumentum during the 3rd quarter worth about $71,771,000. Pacer Advisors Inc. bought a new stake in shares of Lumentum in the 3rd quarter valued at about $1,512,000. Headwater Capital Co Ltd acquired a new stake in shares of Lumentum in the 3rd quarter valued at approximately $20,339,000. Finally, China Universal Asset Management Co. Ltd. acquired a new stake in shares of Lumentum in the 3rd quarter valued at approximately $1,383,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Buying and Selling at Lumentum

In other news, insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $591.32, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Yuen Wupen sold 3,157 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the transaction, the insider owned 88,439 shares of the company’s stock, valued at $47,580,182. The trade was a 3.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 65,775 shares of company stock valued at $38,851,343 over the last quarter. Insiders own 0.43% of the company’s stock.

Lumentum Stock Performance

Shares of Lumentum stock opened at $702.76 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The firm has a market cap of $50.18 billion, a price-to-earnings ratio of 215.57 and a beta of 1.38. The stock’s 50-day moving average is $595.67 and its 200-day moving average is $379.44. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $808.80.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on LITE shares. TD Cowen initiated coverage on shares of Lumentum in a report on Thursday, March 12th. They set a “hold” rating and a $675.00 price objective for the company. UBS Group increased their target price on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Susquehanna lifted their price target on shares of Lumentum to $550.00 and gave the stock a “positive” rating in a research report on Wednesday, February 4th. Citigroup boosted their price target on shares of Lumentum to $560.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Bank of America upped their price objective on shares of Lumentum to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $575.06.

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.