Crossmark Global Holdings Inc. Has $1.68 Million Stock Position in Lumentum Holdings Inc. $LITE

Crossmark Global Holdings Inc. increased its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 14.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,558 shares of the technology company’s stock after acquiring an additional 566 shares during the period. Crossmark Global Holdings Inc.’s holdings in Lumentum were worth $1,680,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new stake in Lumentum in the fourth quarter worth about $430,000. Maxi Investments CY Ltd bought a new position in Lumentum in the fourth quarter valued at approximately $2,212,000. Geneva Partners LLC bought a new position in Lumentum in the fourth quarter valued at approximately $1,010,000. Sequoia Financial Advisors LLC bought a new position in Lumentum in the fourth quarter valued at approximately $283,000. Finally, Gateway Investment Advisers LLC boosted its stake in Lumentum by 78.9% in the fourth quarter. Gateway Investment Advisers LLC now owns 17,129 shares of the technology company’s stock valued at $6,314,000 after acquiring an additional 7,554 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lumentum

In other news, Director Ian Small sold 3,500 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $911.17, for a total transaction of $3,189,095.00. Following the completion of the transaction, the director directly owned 25,962 shares in the company, valued at $23,655,795.54. This represents a 11.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Penny Herscher sold 4,000 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $597.29, for a total transaction of $2,389,160.00. Following the transaction, the director owned 2,057 shares of the company’s stock, valued at approximately $1,228,625.53. This represents a 66.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 78,359 shares of company stock worth $53,062,952. Corporate insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on LITE. TD Cowen raised their price objective on shares of Lumentum from $875.00 to $995.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Craig Hallum increased their target price on Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. Jefferies Financial Group reissued a “buy” rating and issued a $1,200.00 target price on shares of Lumentum in a research note on Wednesday, May 6th. Citigroup increased their target price on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, BNP Paribas Exane upped their target price on shares of Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and an average target price of $1,012.43.

Lumentum Price Performance

Shares of LITE opened at $992.37 on Wednesday. The stock has a market capitalization of $77.21 billion, a P/E ratio of 183.77 and a beta of 1.53. Lumentum Holdings Inc. has a twelve month low of $71.04 and a twelve month high of $1,085.68. The company has a 50 day moving average of $793.08 and a 200-day moving average of $520.30. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results 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 company 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%. The business’s quarterly revenue was up 90.1% on a year-over-year basis. During the same period last year, the business earned $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, equities research analysts forecast that Lumentum Holdings Inc. will post 5.96 EPS for the current fiscal year.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum has been added to the Nasdaq-100, a milestone that is driving fresh buying from index funds and momentum investors. Lumentum Joins the Nasdaq-100 Index®, Achieving New Milestone in Global Growth
• Positive Sentiment: Recent Q3 results beat expectations, and management’s guidance pointed to continued strength from AI and cloud data center demand, reinforcing the bull case for LITE. Lumentum Stock Rises 6% After Q3 Earnings: Should You Hold or Fold?
• Positive Sentiment: Northland Securities raised FY2027 EPS estimates for Lumentum, and Citic Securities lifted its price target to $1,186, signaling stronger long-term earnings expectations. Citic Securities adjusts price target on Lumentum
• Neutral Sentiment: Several recent articles argue that Lumentum’s rally has been so strong that investors are now questioning whether the stock is still fairly valued after a large year-to-date surge.
• Neutral Sentiment: Commentary also notes that supply constraints and a premium valuation could limit near-term upside even as demand remains strong.

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.