Avala Global LP Has $62.94 Million Holdings in Lumentum Holdings Inc. $LITE

Avala Global LP raised its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 386,837 shares of the technology company’s stock after buying an additional 17,337 shares during the quarter. Lumentum accounts for 2.6% of Avala Global LP’s portfolio, making the stock its 20th largest position. Avala Global LP’s holdings in Lumentum were worth $62,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 131 shares in the last quarter. MAI Capital Management lifted its position 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 acquiring an additional 96 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in Lumentum in the 3rd quarter worth approximately $49,000. Cullen Frost Bankers Inc. acquired a new position in Lumentum in the 3rd quarter worth approximately $49,000. Finally, Huntington National Bank grew its position in 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. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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, CFO Wajid Ali sold 5,302 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the sale, the chief financial officer owned 66,287 shares of the company’s stock, valued at approximately $45,812,934.31. The trade was a 7.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Penny Herscher sold 4,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $597.29, for a total value of $2,389,160.00. Following the completion of the transaction, the director owned 2,057 shares in the company, valued at $1,228,625.53. This represents a 66.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,775 shares of company stock valued at $38,851,343 over the last 90 days. Company insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

LITE has been the subject of a number of research analyst reports. Northland Securities set a $350.00 target price on Lumentum in a report on Wednesday, December 3rd. JPMorgan Chase & Co. lifted their price target on Lumentum to $565.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Stifel Nicolaus upped their price target on Lumentum to $800.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Barclays increased their price objective on Lumentum to $750.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Finally, Susquehanna raised their price objective on Lumentum to $550.00 and gave the stock a “positive” rating in a research report on Wednesday, February 4th. Two investment 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’s stock. Based on data from MarketBeat, Lumentum currently has a consensus rating of “Moderate Buy” and a consensus price target of $550.38.

Lumentum Trading Up 1.0%

Lumentum stock opened at $622.50 on Friday. Lumentum Holdings Inc. has a 12 month low of $45.65 and a 12 month high of $783.80. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The stock has a market cap of $44.45 billion, a P/E ratio of 190.95 and a beta of 1.38. The company’s fifty day simple moving average is $510.02 and its 200-day simple moving average is $330.41.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) 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 business had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. During the same period last year, the company earned $0.42 earnings per share. Lumentum’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. As a group, sell-side analysts forecast that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal 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.