Saranac Partners Ltd Invests $130,000 in Lumentum Holdings Inc. $LITE

Saranac Partners Ltd bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 800 shares of the technology company’s stock, valued at approximately $130,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. lifted its stake in shares of 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 buying an additional 357,367 shares in the last quarter. FengHe Fund Management Pte. Ltd. bought a new stake in shares of Lumentum during the third quarter worth about $71,771,000. Pacer Advisors Inc. acquired a new stake in shares of Lumentum in the 3rd quarter worth about $1,512,000. Headwater Capital Co Ltd acquired a new stake in shares of Lumentum in the 3rd quarter worth about $20,339,000. Finally, China Universal Asset Management Co. Ltd. bought a new position in Lumentum in the 3rd quarter valued at about $1,383,000. 94.05% of the stock is owned by institutional investors.

Lumentum Price Performance

Lumentum stock opened at $700.81 on Thursday. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $783.80. The company’s 50 day moving average price is $526.57 and its two-hundred day moving average price is $341.46. The stock has a market cap of $50.04 billion, a P/E ratio of 214.97 and a beta of 1.38. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.26. The company had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.Lumentum’s quarterly revenue was up 65.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, equities analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LITE. Bank of America boosted their price objective on Lumentum to $520.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. UBS Group raised their target price on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Stifel Nicolaus lifted their target price on Lumentum to $800.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Mizuho upped their price target on Lumentum to $645.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Finally, Citigroup increased their price target on Lumentum to $560.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Two investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $575.06.

Insiders Place Their Bets

In other news, Director Penny Herscher sold 4,849 shares of Lumentum stock in a transaction on 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. The trade was a 44.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Wajid Ali sold 5,302 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the transaction, the chief financial officer directly owned 66,287 shares in the company, valued at $45,812,934.31. This trade represents a 7.41% 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 over the last 90 days. Company insiders own 0.43% of the company’s stock.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum disclosed a long‑term quarterly revenue run‑rate target of $2B and highlighted OFC demonstrations that show scale‑up/scale‑out networking traction, a key growth signal for AI data‑center spending. Lumentum leaps after revealing long‑term quarterly revenue run‑rate of $2B at OFC: Stifel
• Positive Sentiment: Analyst write‑ups highlight new products shown at OFC — a 1.6T DR4 OSFP transceiver and high‑power lasers — and link Lumentum’s roadmap to Nvidia’s multi‑billion optical spend; Seeking Alpha’s piece calls LITE a buy based on upgraded long‑term outlook and strong momentum. Why Lumentum Is A Buy Despite The Run‑Up
• Positive Sentiment: Rosenblatt reaffirmed a “buy” rating and set a $900 price target, signaling upside potential from continued AI/data‑center demand and product execution. Benzinga Rosenblatt note
• Positive Sentiment: Partnership/product integrations: Marvell and Lumentum demonstrated AI‑optimized optical circuit switching integration, reinforcing commercial pathways into hyperscale networking builds. Marvell, Lumentum showcase AI‑optimized optical circuit switching
• Positive Sentiment: Asset managers and industry commentators warn of multi‑year shortages for optical components as AI capex scales, a structural tailwind for suppliers like Lumentum. Multi‑year shortages coming for optical suppliers (T. Rowe Price)
• Neutral Sentiment: Company press releases detail multiple OFC demonstrations (VCSEL scale‑up and other showcases) that support technical credibility but will require customer conversions to fully materialize. Lumentum showcases VCSEL scale‑up demo at OFC
• Neutral Sentiment: Coverage pieces and transcript/slideshow summaries provide color on strategy and product demos but do not add new financials; useful for parsing roadmap execution risk. Lumentum transcript: Illuminating the Networks of Tomorrow
• Negative Sentiment: Morgan Stanley moved LITE to an “equal weight” with a $595 price target, implying downside from current levels and signalling some analyst caution despite product momentum. Benzinga — Morgan Stanley update

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.