Lumentum Holdings Inc. $LITE Stake Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 72.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,711 shares of the technology company’s stock after acquiring an additional 10,785 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Lumentum were worth $4,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Federated Hermes Inc. lifted 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 buying an additional 357,367 shares during the last quarter. FengHe Fund Management Pte. Ltd. bought a new position in Lumentum during the third quarter valued at approximately $71,771,000. Pacer Advisors Inc. acquired a new stake in Lumentum in the third quarter valued at approximately $1,512,000. Braun Stacey Associates Inc. acquired a new stake in Lumentum in the third quarter valued at approximately $15,125,000. Finally, Global Trust Asset Management LLC bought a new stake in Lumentum in the third quarter worth approximately $1,942,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analysts say a 1.6T optics ramp is arriving ahead of plan, tightening laser supply and shifting sales toward higher‑margin 200G lanes — a structural boost to revenue and gross margins. AI Optics Boom: What 1.6T Ramp Means for the LITE Stock’s Prospect
• Positive Sentiment: Coverage highlights that coherent pluggable optics (CPO) orders are moving from “hype” into contracted backlog — improving revenue visibility and making late‑2027 scale more credible, which supports upside to forward guidance. CPO is Moving From Hype to Backlog for LITE: More Upside Ahead?
• Positive Sentiment: Commentary notes LITE shares have nearly doubled in the past month as AI optics demand, OCS backlog and growing CPO orders drive accelerating revenue and margin expansion — fueling momentum and fresh upward analyst attention. Lumentum Rises 99% in a Month: Are the Shares Still a Buy?
• Positive Sentiment: Macro/sector stories are rotating investor money beyond GPUs into AI infrastructure names; LITE appears on several “AI‑infrastructure” buy lists, increasing institutional interest and multiple expansion potential. Forget Nvidia, This Is the Stock to Buy For the AI Boom’s Next Leg Up
• Neutral Sentiment: Unusual options activity: traders bought roughly 13,981 call contracts (about +15% vs typical daily call volume) — a sign of speculative bullish positioning but not definitive proof of sustained buying.
• Neutral Sentiment: Relative comparisons vs. peers underline LITE’s stronger AI-driven revenue outlook versus some equipment vendors with slumping sales — useful context for positioning but not a direct catalyst. Lumentum vs. Amtech: Which Semiconductor Stock is the Better Buy?
• Negative Sentiment: Risk: the rally has produced a rich valuation and fast price moves; high expectations (and a stretched P/E) leave shares exposed to profit‑taking or any miss versus elevated forecasts.

Lumentum Price Performance

NASDAQ LITE opened at $674.73 on Tuesday. The stock has a 50-day simple moving average of $425.90 and a 200 day simple moving average of $277.51. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $688.07. The stock has a market capitalization of $48.18 billion, a PE ratio of 206.97 and a beta of 1.51. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. 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. UBS Group raised their target price on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. upped their price target on Lumentum to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Stifel Nicolaus raised their price objective on Lumentum to $480.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Finally, Citigroup upped their target price on Lumentum to $560.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $458.00.

Insider Buying and Selling

In related news, insider Vincent Retort sold 45,026 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the completion of the transaction, the insider directly owned 102,455 shares in the company, valued at $60,583,690.60. This represents a 30.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Yuen Wupen sold 3,157 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the completion of the sale, the insider directly owned 88,439 shares of the company’s stock, valued at approximately $47,580,182. This trade represents a 3.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 60,473 shares of company stock valued at $35,186,972. 0.43% of the stock is owned by company insiders.

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.