Lumentum Holdings Inc. $LITE Shares Sold by Capital Advantage Inc.

Capital Advantage Inc. lowered its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 64.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,173 shares of the technology company’s stock after selling 2,118 shares during the period. Capital Advantage Inc.’s holdings in Lumentum were worth $432,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its position in shares of Lumentum by 8,579.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after purchasing an additional 1,545,199 shares during the period. Hood River Capital Management LLC boosted its position in Lumentum by 82.1% during the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after purchasing an additional 994,551 shares during the period. Norges Bank acquired a new position in Lumentum during the 2nd quarter valued at approximately $82,983,000. Holocene Advisors LP bought a new position in Lumentum during the 3rd quarter worth $136,401,000. Finally, WT Asset Management Ltd increased its position in Lumentum by 170.0% in the third quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock worth $115,558,000 after buying an additional 447,208 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Lumentum Stock Down 8.5%

Lumentum stock opened at $706.35 on Friday. The stock has a market cap of $50.43 billion, a price-to-earnings ratio of 216.67 and a beta of 1.38. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $542.15 and its two-hundred day moving average price is $348.44. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $787.45.

Lumentum (NASDAQ:LITE) last issued its quarterly 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 company 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 for the quarter was up 65.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Bank of America raised its price target sharply (reported as a 29% hike) and framed Lumentum as a key AI‑optics beneficiary, boosting investor confidence in the company’s data‑center connectivity positioning. Article Title
• Positive Sentiment: Reports that Lumentum is pursuing an $8 billion annual revenue target and has landed a major OCS contract have fueled bullish sentiment around its optical components backlog and long‑term growth runway. Article Title
• Positive Sentiment: Analyst support increased: Rosenblatt issued a Buy rating and Morgan Stanley boosted its price target (to $595), adding further institutional validation for the stock’s outlook. Rosenblatt Buy MS PT Boost
• Positive Sentiment: Industry research highlights Lumentum’s strength in OCS and CPO product lines and an expanding AI‑era backlog — factors that could sustain revenue growth as hyperscalers shift from copper to optical solutions. Article Title
• Positive Sentiment: Anticipation of official inclusion in the S&P 500 has driven buying into LITE as index funds and ETFs rebalance, supporting near‑term demand for the shares. Article Title
• Neutral Sentiment: Technical/flow factors: Some momentum traders cite a “power inflow” trading signal that helped push the stock higher in the short term; this is supportive but may be transient. Article Title
• Negative Sentiment: Caution from some analysts: while price action is strong, certain writeups note that recent earnings‑estimate revisions and lofty valuation metrics could limit upside or make the stock vulnerable to a pullback if growth expectations slip. Article Title

Insider Transactions at Lumentum

In other Lumentum news, Director Penny Herscher sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $597.29, for a total value of $2,389,160.00. Following the completion of the sale, the director directly owned 2,057 shares in the company, valued at $1,228,625.53. This represents a 66.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vincent Retort sold 3,441 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total value of $1,878,028.98. Following the transaction, the insider directly owned 95,975 shares of the company’s stock, valued at approximately $52,381,235.50. The trade was a 3.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 65,775 shares of company stock valued at $38,851,343. 0.43% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LITE shares. Stifel Nicolaus raised their target price on Lumentum to $800.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Morgan Stanley upped their price target on shares of Lumentum to $595.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lumentum in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their target price on shares of Lumentum to $565.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Finally, Susquehanna upped their target price on shares of Lumentum to $550.00 and gave the stock a “positive” rating in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $575.06.

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.