Lumentum Holdings Inc. $LITE Stock Position Lowered by AlphaQuest LLC

AlphaQuest LLC lowered its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 51.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,737 shares of the technology company’s stock after selling 2,943 shares during the period. AlphaQuest LLC’s holdings in Lumentum were worth $445,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of LITE. Federated Hermes Inc. lifted its position 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 acquiring an additional 357,367 shares during the last quarter. FengHe Fund Management Pte. Ltd. acquired a new position in shares of Lumentum in the 3rd quarter worth $71,771,000. Pacer Advisors Inc. acquired a new position in shares of Lumentum in the 3rd quarter worth $1,512,000. Leeward Investments LLC MA raised its position in shares of Lumentum by 14.8% during the second quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock worth $49,092,000 after purchasing an additional 66,541 shares during the period. Finally, Braun Stacey Associates Inc. purchased a new stake in shares of Lumentum during the third quarter valued at $15,125,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Lumentum Stock Up 9.4%

Lumentum stock opened at $551.99 on Friday. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $558.38. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 0.61. The firm has a market cap of $39.41 billion, a PE ratio of 169.32 and a beta of 1.51. The firm’s 50 day moving average price is $367.68 and its two-hundred day moving average price is $237.54.

Lumentum (NASDAQ:LITE) last issued its 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 net margin of 11.95% and a return on equity of 17.27%. The company had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. During the same quarter last 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. On average, research analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LITE. Bank of America lifted their price target on Lumentum to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday. Northland Securities set a $350.00 target price on shares of Lumentum in a research report on Wednesday, December 3rd. B. Riley Securities upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and upped their price target for the company from $147.00 to $526.00 in a research report on Wednesday. Needham & Company LLC raised their price objective on shares of Lumentum to $550.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $444.94.

Insider Transactions at Lumentum

In other Lumentum news, SVP Jae Kim sold 1,367 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $234.14, for a total value of $320,069.38. Following the transaction, the senior vice president directly owned 38,570 shares of the company’s stock, valued at $9,030,779.80. This represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Yuen Wupen sold 822 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $258.96, for a total value of $212,865.12. Following the sale, the insider directly owned 95,077 shares of the company’s stock, valued at $24,621,139.92. This trade represents a 0.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 17,180 shares of company stock worth $4,551,380. 0.43% of the stock is owned by company insiders.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: JPMorgan raised its price target to $565 and kept an “overweight” rating, signaling confidence in additional upside from Lumentum. JPMorgan raises PT to $565
• Positive Sentiment: Citigroup raised its price target to $560 and maintained a “buy” rating, supporting the bullish analyst momentum. Citigroup raises PT to $560
• Positive Sentiment: Northland published a much higher FY2027 EPS projection ($10.69 vs. street consensus near $0.03), reflecting expectations for sustained margin expansion and accelerated revenue — a strong forward signal for investors. Northland FY2027 EPS estimate
• Positive Sentiment: Company results: Q2 FY2026 reported EPS of $1.67 (vs. $1.41 consensus) and revenue $665.5M (vs. $646.7M); management set Q3 EPS guidance of $2.15–$2.35 — these beats and the guide raise are the core fundamental reason the stock is rising. Earnings call transcript
• Positive Sentiment: Sector/market tailwind: coverage highlighting hyperscaler capex “explosion” points to strong demand for Lumentum’s optical components, bolstering revenue growth expectations. Capex tailwind article
• Neutral Sentiment: Press pieces noting Lumentum hit new all-time highs and extended a multi-day winning streak after earnings — confirms market momentum but is descriptive rather than new catalyst. All-time high coverage
• Neutral Sentiment: Fund/strategy commentary (e.g., Fidelity growth strategy mentions) highlights Lumentum as a high-growth name, supporting institutional interest but not an immediate catalyst. Fund commentary
• Negative Sentiment: B. Riley upgraded Lumentum to “buy” but set a $526 price target (below the stock’s current level), implying limited near-term upside from that shop’s perspective and introducing a potential anchor on further gains. B. Riley upgrade and PT $526

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.