Neo Ivy Capital Management Acquires Shares of 3,700 Lumentum Holdings Inc. $LITE

Neo Ivy Capital Management acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,700 shares of the technology company’s stock, valued at approximately $602,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LITE. Vanguard Group Inc. lifted its holdings in shares of Lumentum by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock valued at $1,217,930,000 after purchasing an additional 41,975 shares during the last quarter. Hood River Capital Management LLC grew its stake 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 worth $209,745,000 after buying an additional 994,551 shares during the last quarter. Geode Capital Management LLC grew its stake in Lumentum by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,260,940 shares of the technology company’s stock worth $119,884,000 after buying an additional 10,027 shares during the last quarter. Channing Capital Management LLC increased its position in Lumentum by 61.0% during the second quarter. Channing Capital Management LLC now owns 948,334 shares of the technology company’s stock worth $90,149,000 after buying an additional 359,394 shares during the period. Finally, Schroder Investment Management Group lifted its stake in Lumentum by 1.9% in the second quarter. Schroder Investment Management Group now owns 881,813 shares of the technology company’s stock valued at $83,825,000 after buying an additional 16,200 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

LITE has been the subject of several research analyst reports. UBS Group increased their price objective on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Barclays lifted their target price on shares of Lumentum to $750.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Susquehanna increased their price target on shares of Lumentum to $550.00 and gave the stock a “positive” rating in a research note on Wednesday, February 4th. Rosenblatt Securities raised their price objective on shares of Lumentum to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Finally, Morgan Stanley lifted their price objective on shares of Lumentum to $520.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $513.94.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Company reported strong Q2 results and aggressive forward revenue guidance (management guided roughly $780–$830M next quarter) and highlighted accelerating AI infrastructure demand; NVIDIA committed ~$2B and multi‑year supply deals that validate lasers/optics as strategic AI infrastructure and support higher margins and backlog (optical circuit switch backlog >$400M). Lumentum’s Massive Run Now Faces A Reality Check
• Positive Sentiment: Major broker notes and analyst commentary have turned bullish, citing the company’s AI exposure and improving fundamentals as reasons for upside. Upgraded/positive analyst commentary can sustain interest from institutional buyers. Analysts Are Bullish on Top Technology Stocks: Jack Henry & Associates (JKHY), Lumentum Holdings (LITE)
• Positive Sentiment: Market pieces note the rally and AI narrative driving momentum—coverage pointing out that LITE is up materially since earnings, which supports continued investor interest and momentum flows. Lumentum Holdings Inc. (LITE) Rallies on AI-Driven Growth Enthusiasm
• Neutral Sentiment: Several analytical/summary articles explain why LITE has climbed (earnings beat, guidance, pipeline) and review estimates — useful for context but not new catalysts. These pieces highlight momentum and valuation questions. Why Is Lumentum (LITE) Up 46.2% Since Last Earnings Report?
• Negative Sentiment: Industry/competitive news: Broadcom’s moves supporting attached copper optics helped some competitors (e.g., Credo) gain, while Lumentum and peers saw near‑term weakness—this raises the risk of product/competitive pressure in certain segments. Credo rises, Lumentum, Coherent fall, as Broadcom puts weight behind attached copper
• Negative Sentiment: Insider selling was reported recently and has already been linked with a share price pullback; large insider transactions can trigger short‑term selling and signal near‑term liquidity/positioning shifts. Lumentum (NASDAQ:LITE) Shares Down 11.2% on Insider Selling

Insider Activity

In other news, CFO Wajid Ali sold 5,302 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the transaction, the chief financial officer directly owned 66,287 shares in the company, valued at $45,812,934.31. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the director directly owned 2,057 shares of the company’s stock, valued at $1,228,625.53. This represents a 66.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 65,775 shares of company stock worth $38,851,343 over the last quarter. Insiders own 0.43% of the company’s stock.

Lumentum Trading Down 14.2%

NASDAQ:LITE opened at $558.44 on Friday. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $783.80. 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 stock’s 50 day simple moving average is $482.89 and its 200-day simple moving average is $312.07. The firm has a market cap of $39.87 billion, a P/E ratio of 171.30 and a beta of 1.38.

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 the consensus estimate 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 period last year, the company earned $0.42 earnings per share. 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. Equities analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current 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.