HighVista Strategies LLC Makes New $2.10 Million Investment in Lumentum Holdings Inc. $LITE

HighVista Strategies LLC acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 12,927 shares of the technology company’s stock, valued at approximately $2,103,000.

Several other large investors have also added to or reduced their stakes in LITE. EverSource Wealth Advisors LLC increased its holdings in Lumentum by 363.9% in the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after purchasing an additional 131 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in Lumentum in the third quarter valued at $49,000. Cullen Frost Bankers Inc. acquired a new position in shares of Lumentum during the third quarter valued at about $49,000. Huntington National Bank boosted its position in shares of Lumentum by 4,125.0% during the 3rd quarter. Huntington National Bank now owns 338 shares of the technology company’s stock worth $55,000 after purchasing an additional 330 shares in the last quarter. Finally, Rossby Financial LCC bought a new position in shares of Lumentum during the 3rd quarter worth about $77,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Northland Securities set a $350.00 price target on Lumentum in a research note on Wednesday, December 3rd. Barclays lifted their price target on shares of Lumentum to $750.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Needham & Company LLC upped their target price on shares of Lumentum to $850.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Susquehanna upped their price target on Lumentum to $550.00 and gave the stock a “positive” rating in a report on Wednesday, February 4th. Finally, Rosenblatt Securities raised their price objective on Lumentum to $580.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Lumentum has a consensus rating of “Moderate Buy” and a consensus price target of $550.38.

Trending Headlines about Lumentum

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

Insider Transactions at Lumentum

In related news, insider Yuen Wupen sold 3,157 shares of Lumentum stock in a transaction dated 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 sale, the insider owned 88,439 shares of the company’s stock, valued at approximately $47,580,182. This trade represents a 3.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Vincent Retort sold 3,441 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the sale, the insider directly owned 95,975 shares in the company, valued at approximately $52,381,235.50. This trade represents a 3.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 65,775 shares of company stock valued at $38,851,343. Corporate insiders own 0.43% of the company’s stock.

Lumentum Trading Up 1.0%

Shares of Lumentum stock opened at $622.50 on Monday. The firm has a market cap of $44.45 billion, a PE ratio of 190.95 and a beta of 1.38. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $783.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The stock has a fifty day moving average price of $510.02 and a 200-day moving average price of $331.85.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $646.74 million. During the same quarter last year, the company posted $0.42 earnings per share. The firm’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. Equities research 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.