722 Shares in Lumentum Holdings Inc. $LITE Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 722 shares of the technology company’s stock, valued at approximately $266,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position 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 purchasing an additional 131 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Lumentum in the 4th quarter worth about $28,000. Danske Bank A S bought a new position in Lumentum in the 3rd quarter worth about $33,000. Chesapeake Asset Management LLC bought a new position in Lumentum in the 4th quarter worth about $37,000. Finally, BOCHK Asset Management Ltd bought a new position in Lumentum in the 4th quarter worth about $37,000. Institutional investors own 94.05% of the company’s stock.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q3 EPS beat and strong year‑over‑year growth: Lumentum reported $2.37 EPS (above estimates) and revenue up ~90% YoY, showing strong profitability expansion vs prior year. Lumentum (LITE) Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Raised Q4 EPS guidance: Management set Q4 FY2026 EPS guidance of $2.85–$3.05, ahead of the Street, signaling continued margin strength and demand visibility. Lumentum Q3 2026 Earnings Call Transcript
• Positive Sentiment: Analysts lifting targets and reiterating buys: Stifel and Loop Capital boosted price targets (to $1,100 and $1,400 respectively), reflecting bullish analyst view on AI/data‑center demand. Stifel raises PT on Lumentum Loop Capital raises PT on Lumentum
• Neutral Sentiment: AI/data‑center narrative intact: Management and press emphasize AI-driven demand for optical components, which supports medium‑term revenue growth but is already priced into shares. Lumentum forecasts quarterly revenue above estimates on AI-driven demand
• Negative Sentiment: Shares fell despite the beat and raised guide: Market reaction was negative — investors sold into the print, likely due to valuation concerns and very high expectations after the stock’s massive run. Lumentum shares tumble despite strong print and guide
• Negative Sentiment: Revenue slightly missed consensus and profit‑taking risk: Q3 revenue ($808.4M) was a hair below the ~$810M estimate and, given LITE’s ~1,444% one‑year surge, some investors rotated out on any sign of softness. Lumentum earnings top estimates, revenue light amid AI data center boom

Insider Buying and Selling

In other news, CFO Wajid Ali sold 5,302 shares of the stock in a transaction on 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 sale, the chief financial officer owned 66,287 shares in the company, valued at approximately $45,812,934.31. This represents a 7.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Penny Herscher sold 4,000 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $597.29, for a total value of $2,389,160.00. Following the sale, the director owned 2,057 shares of the company’s stock, valued at $1,228,625.53. This trade represents a 66.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,775 shares of company stock worth $38,851,343 over the last quarter. 0.43% of the stock is currently owned by insiders.

Lumentum Trading Up 1.9%

Lumentum stock opened at $994.56 on Wednesday. The stock has a market capitalization of $71.01 billion, a PE ratio of 305.08 and a beta of 1.53. Lumentum Holdings Inc. has a 12-month low of $60.38 and a 12-month high of $1,021.00. 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 firm has a 50 day simple moving average of $766.66 and a 200-day simple moving average of $492.31.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.10. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The company had revenue of $808.40 million for the quarter, compared to analysts’ expectations of $810.05 million. During the same quarter in the prior year, the company earned $0.57 earnings per share. The firm’s revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, equities research analysts expect that Lumentum Holdings Inc. will post 5.87 EPS for the current fiscal year.

Analyst Ratings Changes

LITE has been the subject of several recent analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $900.00 target price on shares of Lumentum in a research report on Wednesday, March 18th. Stifel Nicolaus upped their target price on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday. UBS Group upped their target price on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lumentum in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lumentum to $950.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $812.71.

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.