Oliver Luxxe Assets LLC Reduces Holdings in Lumentum Holdings Inc. $LITE

Oliver Luxxe Assets LLC decreased its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 93.2% in the 4th quarter, Holdings Channel reports. The fund owned 1,301 shares of the technology company’s stock after selling 17,913 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Lumentum were worth $480,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Wedmont Private Capital bought a new stake in Lumentum in the 4th quarter valued at about $452,000. Magnus Financial Group LLC purchased a new stake in Lumentum during the fourth quarter valued at about $275,000. MassMutual Private Wealth & Trust FSB boosted its position in Lumentum by 58.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock worth $76,000 after purchasing an additional 76 shares during the period. QP Wealth Management LLC purchased a new position in shares of Lumentum in the fourth quarter worth about $2,453,000. Finally, JBR Co Financial Management Inc purchased a new position in shares of Lumentum in the fourth quarter worth about $331,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Key Stories Impacting 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 news, Director Penny Herscher sold 4,000 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $597.29, for a total value of $2,389,160.00. Following the transaction, the director owned 2,057 shares of the company’s stock, valued at $1,228,625.53. This represents a 66.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Yuen Wupen sold 3,157 shares of the firm’s 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 sale, the insider owned 88,439 shares in the company, valued at approximately $47,580,182. This trade represents a 3.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 65,775 shares of company stock valued at $38,851,343. Company insiders own 0.43% of the company’s stock.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $706.35 on Monday. The firm has a market capitalization of $50.43 billion, a P/E ratio of 216.67 and a beta of 1.38. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The stock’s 50-day simple moving average is $542.15 and its two-hundred day simple moving average is $351.47. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The firm had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. During the same quarter last year, the company 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. As a group, equities analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LITE shares. UBS Group upped their price target on shares of Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. lifted their price objective on shares of Lumentum to $565.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Morgan Stanley increased their target price on Lumentum to $595.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 18th. Finally, TD Cowen started coverage on Lumentum in a report on Thursday, March 12th. They issued a “hold” rating and a $675.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and an average 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.