Lumentum Holdings Inc. $LITE Position Trimmed by Penn Capital Management Company LLC

Penn Capital Management Company LLC decreased its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 96.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,468 shares of the technology company’s stock after selling 232,523 shares during the quarter. Penn Capital Management Company LLC’s holdings in Lumentum were worth $1,400,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of Lumentum by 8,579.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after acquiring an additional 1,545,199 shares in the last quarter. Hood River Capital Management LLC raised its position in shares of Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after purchasing an additional 994,551 shares during the period. Norges Bank acquired a new stake in shares of Lumentum during the second quarter worth $82,983,000. Holocene Advisors LP purchased a new stake in shares of Lumentum during the third quarter valued at $136,401,000. Finally, WT Asset Management Ltd lifted its holdings in shares of Lumentum by 170.0% during the third quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock valued at $115,558,000 after purchasing an additional 447,208 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Insider Activity at Lumentum

In other Lumentum news, insider Vincent Retort sold 3,441 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total value of $1,878,028.98. Following the transaction, the insider owned 95,975 shares in the company, valued at approximately $52,381,235.50. This represents a 3.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Penny Herscher sold 4,000 shares of the stock in a transaction that occurred on 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 sale, the director owned 2,057 shares of the company’s stock, valued at approximately $1,228,625.53. The trade was a 66.04% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 65,775 shares of company stock valued at $38,851,343. 0.43% of the stock is owned by company insiders.

Lumentum Stock Up 7.9%

NASDAQ:LITE opened at $700.81 on Thursday. The business’s fifty day moving average price is $526.57 and its 200 day moving average price is $341.46. The firm has a market capitalization of $50.04 billion, a price-to-earnings ratio of 214.97 and a beta of 1.38. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $783.80.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, topping 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 analyst estimates of $646.74 million. During the same period last year, the company posted $0.42 EPS. The business’s quarterly revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, sell-side analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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, February 4th. Mizuho upped their price objective on shares of Lumentum to $645.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Needham & Company LLC raised their target price on shares of Lumentum to $850.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. TD Cowen began coverage on shares of Lumentum in a research report on Thursday, March 12th. They issued a “hold” rating and a $675.00 target price on the stock. Finally, Morgan Stanley boosted their price target on shares of Lumentum to $595.00 and gave the company an “equal weight” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $575.06.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum disclosed a long‑term quarterly revenue run‑rate target of $2B and highlighted OFC demonstrations that show scale‑up/scale‑out networking traction, a key growth signal for AI data‑center spending. Lumentum leaps after revealing long‑term quarterly revenue run‑rate of $2B at OFC: Stifel
• Positive Sentiment: Analyst write‑ups highlight new products shown at OFC — a 1.6T DR4 OSFP transceiver and high‑power lasers — and link Lumentum’s roadmap to Nvidia’s multi‑billion optical spend; Seeking Alpha’s piece calls LITE a buy based on upgraded long‑term outlook and strong momentum. Why Lumentum Is A Buy Despite The Run‑Up
• Positive Sentiment: Rosenblatt reaffirmed a “buy” rating and set a $900 price target, signaling upside potential from continued AI/data‑center demand and product execution. Benzinga Rosenblatt note
• Positive Sentiment: Partnership/product integrations: Marvell and Lumentum demonstrated AI‑optimized optical circuit switching integration, reinforcing commercial pathways into hyperscale networking builds. Marvell, Lumentum showcase AI‑optimized optical circuit switching
• Positive Sentiment: Asset managers and industry commentators warn of multi‑year shortages for optical components as AI capex scales, a structural tailwind for suppliers like Lumentum. Multi‑year shortages coming for optical suppliers (T. Rowe Price)
• Neutral Sentiment: Company press releases detail multiple OFC demonstrations (VCSEL scale‑up and other showcases) that support technical credibility but will require customer conversions to fully materialize. Lumentum showcases VCSEL scale‑up demo at OFC
• Neutral Sentiment: Coverage pieces and transcript/slideshow summaries provide color on strategy and product demos but do not add new financials; useful for parsing roadmap execution risk. Lumentum transcript: Illuminating the Networks of Tomorrow
• Negative Sentiment: Morgan Stanley moved LITE to an “equal weight” with a $595 price target, implying downside from current levels and signalling some analyst caution despite product momentum. Benzinga — Morgan Stanley update

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.