Maytree Asset Management Ltd Invests $2.27 Million in Lumentum Holdings Inc. $LITE

Posted by Latisha Jones on May 6th, 2026

Maytree Asset Management Ltd bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 6,150 shares of the technology company’s stock, valued at approximately $2,267,000. Lumentum accounts for about 1.7% of Maytree Asset Management Ltd’s portfolio, making the stock its 11th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Federated Hermes Inc. boosted 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 worth $58,958,000 after buying an additional 357,367 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Lumentum during the fourth quarter valued at approximately $6,755,000. FengHe Fund Management Pte. Ltd. purchased a new position in Lumentum during the third quarter valued at approximately $71,771,000. Headwater Capital Co Ltd acquired a new position in Lumentum in the third quarter valued at approximately $20,339,000. Finally, China Universal Asset Management Co. Ltd. acquired a new position in Lumentum in the third quarter valued at approximately $1,383,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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

Lumentum Price Performance

Lumentum stock opened at $994.56 on Wednesday. The stock has a market capitalization of $71.01 billion, a P/E ratio of 305.08 and a beta of 1.53. The company’s fifty day moving average price is $766.66 and its 200 day moving average price is $492.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. Lumentum Holdings Inc. has a 1 year low of $60.38 and a 1 year high of $1,021.00.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Barclays raised their price objective on shares of Lumentum to $750.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Rosenblatt Securities restated a “buy” rating and set a $900.00 price target on shares of Lumentum in a research report on Wednesday, March 18th. UBS Group upped their price objective 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. Needham & Company LLC increased their target price on shares of Lumentum from $880.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. raised their target price on Lumentum to $950.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $812.71.

View Our Latest Stock Report on Lumentum

Insider Activity at Lumentum

In other Lumentum news, insider Vincent Retort sold 45,026 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the completion of the transaction, the insider owned 102,455 shares of the company’s stock, valued at $60,583,690.60. This represents a 30.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Yuen Wupen sold 3,157 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the completion of the transaction, the insider owned 88,439 shares in the company, valued at approximately $47,580,182. This trade represents a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 65,775 shares of company stock worth $38,851,343 in the last quarter. Company insiders own 0.43% of the company’s stock.

Lumentum Profile

(Free Report)

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.