Holocene Advisors LP Invests $136.40 Million in Lumentum Holdings Inc. $LITE

Holocene Advisors LP bought a new position in Lumentum Holdings Inc. (NASDAQ:LITE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 838,307 shares of the technology company’s stock, valued at approximately $136,401,000. Holocene Advisors LP owned about 1.18% of Lumentum as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in Lumentum by 363.9% during 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 during the last quarter. MAI Capital Management boosted its holdings in shares of 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 purchasing an additional 96 shares during the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Lumentum during the 3rd quarter valued at $49,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Lumentum during the 3rd quarter worth $49,000. Finally, Huntington National Bank raised its position in shares of Lumentum by 4,125.0% in the 3rd quarter. Huntington National Bank now owns 338 shares of the technology company’s stock worth $55,000 after buying an additional 330 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

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 stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 102,455 shares of the company’s stock, valued at $60,583,690.60. This trade represents a 30.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.

Analyst Ratings Changes

LITE has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on Lumentum to $520.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. upped their price target on Lumentum to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Citigroup raised their price objective on Lumentum to $560.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings reissued 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 issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $550.38.

Lumentum Trading Up 1.0%

NASDAQ:LITE opened at $622.50 on Monday. The business’s 50-day moving average is $510.02 and its two-hundred day moving average is $331.85. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. Lumentum Holdings Inc. has a 12 month low of $45.65 and a 12 month high of $783.80. The firm has a market capitalization of $44.45 billion, a PE ratio of 190.95 and a beta of 1.38.

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

Key Stories Impacting 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

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.