Divisadero Street Capital Management LP Grows Position in Lumentum Holdings Inc. $LITE

Divisadero Street Capital Management LP boosted its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 283.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 163,303 shares of the technology company’s stock after acquiring an additional 120,698 shares during the period. Lumentum makes up approximately 1.2% of Divisadero Street Capital Management LP’s portfolio, making the stock its 23rd largest position. Divisadero Street Capital Management LP’s holdings in Lumentum were worth $26,571,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after acquiring an additional 131 shares in the last quarter. MAI Capital Management lifted its stake in Lumentum by 27.0% in the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after buying an additional 96 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in Lumentum in the 3rd quarter worth about $49,000. Cullen Frost Bankers Inc. purchased a new stake in Lumentum during the 3rd quarter worth approximately $49,000. Finally, Huntington National Bank raised its holdings in shares of Lumentum by 4,125.0% during the third quarter. Huntington National Bank now owns 338 shares of the technology company’s stock valued at $55,000 after acquiring an additional 330 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LITE has been the topic of a number of research analyst reports. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Bank of America raised their price objective on Lumentum to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Rosenblatt Securities increased their price target on Lumentum to $580.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and boosted their target price for the company from $147.00 to $526.00 in a report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a research report on Monday, December 29th. 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 company’s stock. According to data from MarketBeat, Lumentum has a consensus rating of “Moderate Buy” and a consensus price target of $550.38.

Insider Transactions at Lumentum

In other Lumentum news, insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the sale, the insider directly owned 102,455 shares in the company, valued at $60,583,690.60. This represents a 30.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Penny Herscher sold 4,849 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $535.48, for a total transaction of $2,596,542.52. Following the sale, the director directly owned 6,057 shares in the company, valued at $3,243,402.36. This represents a 44.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 65,775 shares of company stock worth $38,851,343 in the last 90 days. Insiders own 0.43% of the company’s stock.

Lumentum Stock Performance

Shares of LITE stock opened at $622.50 on Monday. The firm’s 50 day moving average price is $510.02 and its 200-day moving average price is $331.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $783.80. The firm has a market cap 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. The firm had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm’s revenue for the quarter was up 65.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities research analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

More 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.