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

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Lumentum by 363.9% during the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares in the last quarter. Danske Bank A S bought a new position in shares of Lumentum in the third quarter valued at $33,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Lumentum during the 3rd quarter valued at $49,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Lumentum during the 3rd quarter valued at $49,000. Finally, Huntington National Bank boosted its stake in shares of Lumentum by 4,125.0% during the 3rd quarter. Huntington National Bank now owns 338 shares of the technology company’s stock worth $55,000 after acquiring an additional 330 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Lumentum

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 Activity at Lumentum

In other Lumentum news, 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 completion of the transaction, the director owned 2,057 shares in the company, valued at approximately $1,228,625.53. This represents a 66.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Wajid Ali sold 5,302 shares of Lumentum stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the sale, the chief financial officer directly owned 66,287 shares in the company, valued at $45,812,934.31. This represents a 7.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 65,775 shares of company stock valued at $38,851,343. 0.43% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LITE. Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. UBS Group boosted their price objective on Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and raised their target price for the stock from $147.00 to $526.00 in a report on Wednesday, February 4th. Rosenblatt Securities reissued a “buy” rating and issued a $900.00 target price on shares of Lumentum in a research report on Wednesday. Finally, Citigroup boosted their price target on shares of Lumentum to $560.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $575.06.

Lumentum Price Performance

Shares of LITE opened at $706.35 on Friday. The stock has a 50 day simple moving average of $542.15 and a 200 day simple moving average of $348.44. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $787.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The firm has a market capitalization of $50.43 billion, a PE ratio of 216.67 and a beta of 1.38.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. The firm 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 quarter in the previous year, the firm posted $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Sell-side analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

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.