Chesapeake Capital Corp IL Invests $746,000 in Lumentum Holdings Inc. $LITE

Chesapeake Capital Corp IL acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,582 shares of the technology company’s stock, valued at approximately $746,000.

A number of other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. increased its stake in Lumentum by 7,168.8% in the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock valued at $58,958,000 after purchasing an additional 357,367 shares during the last quarter. FengHe Fund Management Pte. Ltd. acquired a new stake in Lumentum in the 3rd quarter worth about $71,771,000. Pacer Advisors Inc. purchased a new stake in Lumentum in the 3rd quarter valued at about $1,512,000. Headwater Capital Co Ltd purchased a new stake in Lumentum in the 3rd quarter valued at about $20,339,000. Finally, China Universal Asset Management Co. Ltd. acquired a new position in shares of Lumentum during the 3rd quarter valued at about $1,383,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LITE shares. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. UBS Group upped their price target on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. increased their price target on shares of Lumentum to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Needham & Company LLC boosted their price objective on shares of Lumentum to $850.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Finally, Northland Securities set a $350.00 price objective on Lumentum in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $550.38.

Insider Buying and Selling

In other Lumentum news, insider Yuen Wupen sold 3,157 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total value of $1,698,466.00. Following the completion of the transaction, the insider owned 88,439 shares in the company, valued at $47,580,182. This represents a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the transaction, the insider directly owned 102,455 shares in the company, valued at approximately $60,583,690.60. The trade was a 30.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 65,775 shares of company stock worth $38,851,343 in the last 90 days. 0.43% of the stock is owned by insiders.

Lumentum Price Performance

Lumentum stock opened at $622.50 on Friday. The firm has a fifty day moving average of $510.02 and a 200-day moving average of $328.98. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $783.80. 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 firm has a market capitalization of $44.45 billion, a P/E ratio of 190.95 and a beta of 1.38.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. During the same quarter in the previous year, the business posted $0.42 EPS. The business’s quarterly revenue 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, analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: NVIDIA strategic deal and US$2.0B investment underpin a major growth runway for Lumentum’s AI optics business — supports revenue visibility, R&D and a new U.S. fab. Why Lumentum (LITE) Is Down 5.3% After NVIDIA’s US$2 Billion AI Optics Investment Deal
• Positive Sentiment: CEO Michael Hurlston said Lumentum is “sold out really until the end of 2027,” signaling a heavy, multi-year backlog and strong demand for optical components. Lumentum CEO: sold out through end of 2027, no end in sight
• Positive Sentiment: Analyst optimism: Barclays raised its price target (to $750) after the NVIDIA news and earnings beat, reflecting higher modeled upside for AI optics exposure. Lumentum Holdings (LITE) Sees Strong Analyst Optimism Following Earnings & NVIDIA Deal
• Positive Sentiment: Multiple buy/recommendation write-ups and analyst coverage upgrades/new coverage are spotlighting Lumentum as a core AI-optics play. Lumentum Holdings (LITE): New Buy Recommendation for This Technology Giant
• Positive Sentiment: Inclusion in the S&P 500 (effective March 23) creates a date-certain, index-driven buyer base that should increase demand from passive funds. Lumentum Joins the S&P 500 Soon: Buy the Dip Before the Index Funds Have To?
• Neutral Sentiment: TD Cowen initiated coverage with a Hold rating and a $675 price target (modest upside vs. recent levels) — a balanced view that may temper short-term upside expectations. TD Cowen initiates coverage of Lumentum Holdings (LITE) with hold recommendation
• Negative Sentiment: Short-term selloff/volatility after the NVIDIA announcement likely reflects investor concerns about the convertible preferred structure, potential dilution and profit-taking after a strong rally. A Look At Lumentum Holdings (LITE) Valuation After Nvidia Investment And S&P 500 Inclusion

Lumentum Profile

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.