Lumentum Holdings Inc. $LITE Holdings Cut by Divisar Capital Management LLC

Divisar Capital Management LLC decreased its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 47.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,915 shares of the technology company’s stock after selling 184,871 shares during the quarter. Lumentum comprises approximately 9.0% of Divisar Capital Management LLC’s portfolio, making the stock its biggest position. Divisar Capital Management LLC’s holdings in Lumentum were worth $33,179,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LITE. EverSource Wealth Advisors LLC lifted 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 buying an additional 131 shares during the period. MAI Capital Management grew its holdings in shares of Lumentum by 27.0% during the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after acquiring an additional 96 shares during the period. Steigerwald Gordon & Koch Inc. bought a new position in shares of Lumentum in the 3rd quarter worth approximately $49,000. Cullen Frost Bankers Inc. purchased a new position in shares of Lumentum in the 3rd quarter valued at approximately $49,000. Finally, Huntington National Bank lifted its stake 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 valued at $55,000 after purchasing an additional 330 shares during the period. 94.05% of the stock is owned by institutional investors.

Lumentum Price Performance

LITE opened at $622.50 on Monday. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $783.80. The stock has a 50-day moving average price of $510.02 and a 200-day moving average price of $331.85. The firm has a market cap of $44.45 billion, a PE ratio of 190.95 and a beta of 1.38. 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 (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. The business had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. Lumentum’s revenue was up 65.5% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Sell-side analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LITE shares. Rosenblatt Securities upped their price target on Lumentum to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Susquehanna boosted their target price on shares of Lumentum to $550.00 and gave the company a “positive” rating in a report on Wednesday, February 4th. Stifel Nicolaus upped their target price on shares of Lumentum to $800.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. 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. Finally, Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lumentum presently has a consensus rating of “Moderate Buy” and an average price target of $550.38.

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

Insider Activity

In other Lumentum news, insider Yuen Wupen sold 3,157 shares of Lumentum stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vincent Retort sold 45,026 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $591.32, for a total value 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 65,775 shares of company stock valued at $38,851,343 in the last quarter. Insiders own 0.43% of the company’s stock.

Lumentum Company 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.