Emerald Mutual Fund Advisers Trust Reduces Position in Lumentum Holdings Inc. $LITE

Emerald Mutual Fund Advisers Trust trimmed its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 98.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,243 shares of the technology company’s stock after selling 85,682 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Lumentum were worth $874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC purchased a new stake in shares of Lumentum in the first quarter worth approximately $25,000. Sachetta LLC boosted its holdings in Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after acquiring an additional 19 shares during the period. V Square Quantitative Management LLC purchased a new position in Lumentum during the 4th quarter valued at $28,000. Truvestments Capital LLC grew its position in Lumentum by 300.0% in the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after acquiring an additional 57 shares during the last quarter. Finally, Triumph Capital Management bought a new position in Lumentum in the 4th quarter valued at $30,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum Price Performance

Shares of LITE stock opened at $814.80 on Wednesday. Lumentum Holdings Inc. has a twelve month low of $94.32 and a twelve month high of $1,085.68. The stock has a market capitalization of $63.39 billion, a price-to-earnings ratio of 150.89 and a beta of 1.48. The stock has a fifty day simple moving average of $876.03 and a two-hundred day simple moving average of $705.88. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The business had revenue of $808.40 million for the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The business’s revenue was up 90.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, analysts predict that Lumentum Holdings Inc. will post 6.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LITE. Zacks Research downgraded Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Craig Hallum upped their price target on shares of Lumentum from $900.00 to $1,150.00 in a report on Wednesday, May 6th. BNP Paribas Exane raised their price target on shares of Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Citic Securities lifted their price objective on shares of Lumentum from $620.00 to $1,186.00 in a report on Monday, May 11th. Finally, Susquehanna boosted their price objective on shares of Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a research report on Monday, April 20th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lumentum has a consensus rating of “Moderate Buy” and a consensus price target of $1,012.67.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: UBS said rising data-center investment should support demand for companies like Lumentum, reinforcing the AI-optics growth narrative. ANET, CLS, EXTR, LITE stock in focus — UBS sees data center investments to drive demand, but supply constraints persist
• Positive Sentiment: Commentary highlighting Lumentum as an optical company trading like a semiconductor suggests the market is valuing it more like a high-growth AI infrastructure beneficiary. Lumentum: An Optical Company Trading Like A Semiconductor
• Positive Sentiment: Another article framed the recent AI-optical selloff as a buying opportunity, which may be encouraging dip-buying in LITE and peers. The AI Optical Selloff Is A Gift – 3 Stocks I’m Buying
• Positive Sentiment: Reports on Lumentum’s planned fiscal Q4 and full-year 2026 results keep attention on upcoming catalysts, which can support trading interest. Lumentum Announces Reporting Date for Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Coverage on AI-driven optical networking demand and co-packaged optics adoption points to a favorable longer-term growth story for Lumentum.

Insider Buying and Selling at Lumentum

In other news, Director Ian Small sold 4,954 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $868.07, for a total value of $4,300,418.78. Following the completion of the sale, the director owned 21,008 shares of the company’s stock, valued at approximately $18,236,414.56. This represents a 19.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Yuen Wupen sold 3,210 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $3,062,179.50. Following the completion of the sale, the insider directly owned 81,488 shares of the company’s stock, valued at $77,735,477.60. The trade was a 3.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 41,260 shares of company stock worth $38,859,220. 0.43% of the stock is currently owned by company insiders.

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.