Golden State Equity Partners Invests $238,000 in Lumentum Holdings Inc. $LITE

Golden State Equity Partners purchased a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 645 shares of the technology company’s stock, valued at approximately $238,000.

Several other institutional investors have also recently added to or reduced their stakes in LITE. Vanguard Group Inc. increased its stake in Lumentum by 0.6% during the third quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock worth $1,217,930,000 after acquiring an additional 41,975 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after acquiring an additional 1,545,199 shares during the last quarter. Alliancebernstein L.P. increased its stake in Lumentum by 4.4% during the third quarter. Alliancebernstein L.P. now owns 1,085,119 shares of the technology company’s stock worth $176,560,000 after acquiring an additional 45,953 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Lumentum by 707.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock worth $366,555,000 after acquiring an additional 871,249 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in Lumentum during the third quarter worth about $136,401,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Wajid Ali sold 5,302 shares of the firm’s stock in a transaction 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 directly owned 66,287 shares in the company, valued at approximately $45,812,934.31. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Vincent Retort sold 3,441 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total value of $1,878,028.98. Following the completion of the transaction, the insider owned 95,975 shares in the company, valued at $52,381,235.50. The trade was a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 65,775 shares of company stock valued at $38,851,343. 0.43% of the stock is owned by corporate insiders.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $791.37 on Wednesday. Lumentum Holdings Inc. has a fifty-two week low of $56.80 and a fifty-two week high of $960.00. 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 stock has a market capitalization of $56.50 billion, a P/E ratio of 242.75 and a beta of 1.38. The business has a 50-day moving average of $749.51 and a two-hundred day moving average of $476.24.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data 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 business had revenue of $665.50 million during the quarter, compared to analysts’ expectations of $646.74 million. During the same quarter in the previous year, the firm earned $0.42 EPS. The firm’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. On average, equities research analysts predict that Lumentum Holdings Inc. will post 5.87 EPS for the current fiscal year.

Analyst Ratings Changes

LITE has been the subject of several analyst reports. UBS Group upped their target price on Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. B. Riley Financial upgraded Lumentum from a “neutral” rating to a “buy” rating and upped their price objective for the company from $147.00 to $526.00 in a research note on Wednesday, February 4th. Stifel Nicolaus lifted their target price on Lumentum to $800.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Barclays lifted their target price on Lumentum to $750.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Finally, Mizuho lifted their target price on Lumentum from $750.00 to $930.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $757.25.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Demand tailwind from AI data‑center buildouts: analysts note strong traction for Lumentum’s 1.6T transceivers — a core revenue driver if AI hyperscalers continue capacity expansion. This supports upside to revenue and unit volumes going into the next quarter. Lumentum Gains From Traction in Transceivers: What’s Ahead?
• Positive Sentiment: Bull investor view: some investors argue the long-term TAM for lasers/transceivers tied to 1.6T/3.2T deployments still leaves room for growth despite the massive YTD run — a bullish sentiment that can support buy‑and‑hold flows. Lumentum Stock: Why I’m Buying In After A 1300% Run-Up
• Neutral Sentiment: Valuation and positioning debate: commentary asks whether current prices already reflect Lumentum’s story after large multi‑period gains — useful framing for investors weighing risk/reward but not an immediate catalyst. Is It Too Late To Consider Lumentum Holdings (LITE) After Its 2024 Price Surge?
• Negative Sentiment: AI/tech sector pullback and pre‑earnings de‑risking: a broad selloff in AI‑linked and high‑multiple tech stocks amplified downside for recent winners like LITE as traders reduced exposure ahead of next week’s earnings, pressuring the share price. Lumentum slides as AI/tech selloff and pre-earnings positioning hit highfliers
• Negative Sentiment: Insider selling and elevated expectations raise risk: reported insider sales (multiple executives) and a rich P/E make the stock more sensitive to any earnings/guidance miss; analysts are watching whether Lumentum can deliver the growth priced in for May 5. Lumentum slides as AI/tech selloff and pre-earnings positioning hit highfliers
• Negative Sentiment: Earnings outlook is a near-term catalyst: previews suggest Wall Street expects earnings growth but that Lumentum may lack the specific setup for an easy beat — meaning guidance and execution in next week’s report will likely drive volatility. Lumentum (LITE) Reports Next Week: Wall Street Expects Earnings Growth

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.