Lumentum Holdings Inc. $LITE Holdings Boosted by Evergreen Capital Management LLC

Evergreen Capital Management LLC boosted its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 69.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,282 shares of the technology company’s stock after purchasing an additional 935 shares during the period. Evergreen Capital Management LLC’s holdings in Lumentum were worth $841,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its holdings in shares of Lumentum by 7,168.8% during the 3rd 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 in the last quarter. FengHe Fund Management Pte. Ltd. purchased a new position in shares of Lumentum during the 3rd quarter valued at $71,771,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Lumentum during the 4th quarter valued at $6,755,000. Pacer Advisors Inc. acquired a new stake in shares of Lumentum in the 3rd quarter valued at $1,512,000. Finally, Headwater Capital Co Ltd acquired a new stake in shares of Lumentum in the 3rd quarter valued at $20,339,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LITE. Mizuho lifted their price objective on shares of Lumentum from $750.00 to $930.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Morgan Stanley lifted their price objective on shares of Lumentum from $595.00 to $710.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. B. Riley Financial raised shares of Lumentum from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $147.00 to $526.00 in a research note on Wednesday, February 4th. Needham & Company LLC lifted their price objective on shares of Lumentum from $880.00 to $1,040.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Susquehanna lifted their price objective on shares of Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a research note on Monday, April 20th. One 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $757.25.

Lumentum Stock Up 4.1%

Lumentum stock opened at $881.64 on Friday. The firm has a market cap of $62.95 billion, a price-to-earnings ratio of 270.44 and a beta of 1.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. Lumentum Holdings Inc. has a fifty-two week low of $56.80 and a fifty-two week high of $960.00. The firm has a fifty day moving average price of $739.76 and a two-hundred day moving average price of $462.54.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The business’s revenue was up 65.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, analysts forecast that Lumentum Holdings Inc. will post 5.87 earnings per share for the current year.

Insider Activity

In other Lumentum news, CFO Wajid Ali sold 5,302 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $691.13, for a total transaction 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 $45,812,934.31. The trade was a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yuen Wupen sold 3,157 shares of the business’s 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 directly owned 88,439 shares of the company’s stock, valued at approximately $47,580,182. This represents a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,775 shares of company stock worth $38,851,343 in the last 90 days. Insiders own 0.43% of the company’s stock.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Needham boosts its price target to $1,040, signaling stronger sell‑side conviction and helping lift sentiment among growth/optics investors. Needham & Company LLC Boosts Lumentum (NASDAQ:LITE) Price Target to $1,040.00
• Positive Sentiment: Northland Securities materially raised FY2027 EPS estimates (from $10.69 to $14.59 per share in its note), reflecting higher revenue/profit expectations and reinforcing the post‑earnings re‑rating. Northland Securities Comments on Lumentum Q1 Earnings
• Positive Sentiment: Coverage actions and analyst upgrades are directly supporting the move higher — press noting LITE trading up after an upgrade helped trigger buying. Lumentum (NASDAQ:LITE) Trading 4.4% Higher After Analyst Upgrade
• Positive Sentiment: Commercial demand strength: reports indicate Lumentum is “sold out” through 2027 on strong demand for its optical components, supporting revenue visibility and backlog-driven upside. Lumentum Holdings (LITE) Sold Out Through 2027 on High Demand
• Neutral Sentiment: Media/analyst takeaways: an MSN piece questions whether Lumentum can sustain its massive multi‑year run — useful for framing valuation concerns but not new fundamental data. Does Lumentum still have gas in its tank after a massive run?
• Neutral Sentiment: Popular culture/flow: Jim Cramer referenced “stocks that got away” on Mad Money — marginal for fundamentals but can influence retail attention/flows. Cramer Names ‘The Stocks That Got Away’ — SanDisk Is Number 1
• Negative Sentiment: Seeking Alpha highlights a potential hidden liquidity risk in the footnotes — investors should review the filing specifics; such risks can amplify downside if they materialize. Lumentum: A Hidden Liquidity Risk Buried In The Footnotes
• Negative Sentiment: Tradr launched a 2x inverse ETF on LITE (ticker LITZ), which makes it easier for traders to bet against or amplify intraday moves — this can increase volatility and shorting pressure during pullbacks. Tradr Debuts Short ETFs on Lumentum and Sandisk

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.