SMART Wealth LLC Buys 670 Shares of Lumentum Holdings Inc. $LITE

SMART Wealth LLC grew its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 55.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,872 shares of the technology company’s stock after acquiring an additional 670 shares during the period. SMART Wealth LLC’s holdings in Lumentum were worth $1,316,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Hilton Head Capital Partners LLC bought a new position in shares of Lumentum during the first quarter worth approximately $25,000. Parallel Advisors LLC boosted its stake in Lumentum by 16.0% in the 4th quarter. Parallel Advisors LLC now owns 326 shares of the technology company’s stock valued at $120,000 after purchasing an additional 45 shares during the period. Allworth Financial LP grew its holdings in Lumentum by 6.4% in the 3rd quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock valued at $128,000 after buying an additional 47 shares in the last quarter. UMB Bank n.a. grew its holdings in Lumentum by 5.2% in the 4th quarter. UMB Bank n.a. now owns 968 shares of the technology company’s stock valued at $357,000 after buying an additional 48 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its position in Lumentum by 687.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 63 shares of the technology company’s stock worth $44,000 after buying an additional 55 shares during the period. Institutional investors own 94.05% of the company’s stock.

Lumentum Stock Up 0.8%

Shares of NASDAQ LITE opened at $858.06 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. Lumentum Holdings Inc. has a 52 week low of $88.37 and a 52 week high of $1,085.68. The stock has a market capitalization of $66.76 billion, a P/E ratio of 158.90 and a beta of 1.47. The stock’s fifty day moving average is $899.51 and its 200 day moving average is $677.61.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.10. The business had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. Lumentum’s revenue was up 90.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Sell-side analysts forecast that Lumentum Holdings Inc. will post 6.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LITE has been the subject of a number of research reports. UBS Group lifted their target price on Lumentum from $455.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Citic Securities raised their price target on shares of Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. Craig Hallum lifted their price objective on shares of Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. BNP Paribas Exane boosted their price objective on shares of Lumentum from $1,040.00 to $1,300.00 in a report on Wednesday, May 6th. Finally, Raymond James Financial restated an “outperform” rating and set a $1,014.00 target price on shares of Lumentum in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.95.

Insider Activity at Lumentum

In related news, CFO Wajid Ali sold 2,487 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $2,372,473.65. Following the sale, the chief financial officer owned 60,951 shares in the company, valued at approximately $58,144,206.45. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Isaac Hosojiro Harris sold 1,416 shares of Lumentum stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the completion of the transaction, the director directly owned 6,984 shares in the company, valued at $6,984,558.72. This trade represents a 16.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 41,260 shares of company stock worth $38,859,220 in the last 90 days. Corporate insiders own 0.43% of the company’s stock.

About Lumentum

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.