Hudson Bay Capital Management LP Acquires Shares of 18,900 Lumentum Holdings Inc. $LITE

Hudson Bay Capital Management LP acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,900 shares of the technology company’s stock, valued at approximately $3,075,000.

A number of other hedge funds have also recently modified their holdings of the stock. Federated Hermes Inc. lifted its stake in shares of Lumentum by 7,168.8% in the 3rd quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock valued at $58,958,000 after purchasing an additional 357,367 shares during the period. FengHe Fund Management Pte. Ltd. acquired a new stake in Lumentum during the third quarter valued at $71,771,000. Pacer Advisors Inc. purchased a new position in Lumentum in the third quarter valued at $1,512,000. Headwater Capital Co Ltd purchased a new position in Lumentum in the third quarter valued at $20,339,000. Finally, China Universal Asset Management Co. Ltd. acquired a new position in shares of Lumentum in the third quarter worth about $1,383,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling

In related news, insider Vincent Retort sold 45,026 shares of Lumentum stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the transaction, the insider owned 102,455 shares in the company, valued at approximately $60,583,690.60. This trade represents a 30.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 value of $1,698,466.00. Following the transaction, the insider directly owned 88,439 shares in the company, valued at $47,580,182. This trade represents a 3.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 65,775 shares of company stock worth $38,851,343. 0.43% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LITE has been the topic of several recent analyst reports. Bank of America increased their target price on shares of Lumentum to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. UBS Group upped their price target on Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Needham & Company LLC increased their price target on Lumentum to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Mizuho raised their price objective on Lumentum to $645.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Finally, Stifel Nicolaus boosted their price objective on Lumentum to $800.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $575.06.

Key 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

Lumentum Stock Down 8.5%

Shares of NASDAQ LITE opened at $706.35 on Friday. The stock has a market cap of $50.43 billion, a PE 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. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $787.45. The company has a 50-day moving average of $542.15 and a 200 day moving average of $349.95.

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 business had revenue of $665.50 million for 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 period last year, the company posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, sell-side analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

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.