Maytus Capital Management LLC Lowers Stock Holdings in Lumentum Holdings Inc. $LITE

Maytus Capital Management LLC trimmed its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 76.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,000 shares of the technology company’s stock after selling 46,000 shares during the period. Maytus Capital Management LLC’s holdings in Lumentum were worth $5,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System lifted its position in shares of Lumentum by 12.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,576 shares of the technology company’s stock worth $1,318,000 after purchasing an additional 400 shares during the period. Captrust Financial Advisors lifted its position in shares of Lumentum by 61.8% in the 4th quarter. Captrust Financial Advisors now owns 2,421 shares of the technology company’s stock worth $892,000 after purchasing an additional 925 shares during the period. Summit Partners Public Asset Management LLC lifted its position in shares of Lumentum by 104.1% in the 4th quarter. Summit Partners Public Asset Management LLC now owns 3,000 shares of the technology company’s stock worth $1,106,000 after purchasing an additional 77,000 shares during the period. Blair William & Co. IL lifted its position in shares of Lumentum by 15.7% in the 4th quarter. Blair William & Co. IL now owns 3,611 shares of the technology company’s stock worth $1,331,000 after purchasing an additional 491 shares during the period. Finally, Persistent Asset Partners Ltd purchased a new stake in shares of Lumentum in the 4th quarter worth approximately $2,090,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum Trading Down 8.6%

NASDAQ LITE opened at $875.36 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The firm has a market cap of $68.10 billion, a PE ratio of 162.10 and a beta of 1.47. The company has a 50 day moving average price of $901.22 and a 200 day moving average price of $640.73. Lumentum Holdings Inc. has a 52 week low of $83.59 and a 52 week high of $1,085.68.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.27 by $0.10. The firm had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. Lumentum’s revenue was up 90.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, sell-side analysts forecast that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Insider Buying and Selling at Lumentum

In other Lumentum news, insider Vincent Retort sold 3,183 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $3,036,422.85. Following the transaction, the insider owned 89,563 shares in the company, valued at approximately $85,438,623.85. This represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Ian Small sold 4,954 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the transaction, the director owned 21,008 shares in the company, valued at $18,236,414.56. The trade was a 19.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 41,260 shares of company stock worth $38,859,220 in the last three months. 0.43% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LITE shares. TD Cowen upped their price target on shares of Lumentum from $875.00 to $995.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,040.00 price target on shares of Lumentum in a research report on Tuesday, June 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lumentum in a research report on Tuesday, April 21st. Stifel Nicolaus boosted their price objective on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.95.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analysts and market commentary continue to highlight Lumentum as a strong AI infrastructure play, citing expanding margins, improving demand visibility, and growth in optical networking as reasons the stock still has runway. Article Title
• Positive Sentiment: A separate note said Lumentum tops Broadcom as an AI infrastructure stock, pointing to faster near-term upside from AI-driven optical networking demand and margin expansion. Article Title
• Positive Sentiment: Fund commentary from Columbia Threadneedle highlighted Lumentum as a contributor to performance in the first quarter, reinforcing investor interest in the name after its strong operating results. Article Title
• Neutral Sentiment: Lumentum’s chair and CEO are scheduled to participate in a Rome conference on AI, ethics, and governance, which may support visibility but does not appear to be a major near-term business catalyst. Article Title
• Negative Sentiment: Despite the bullish AI narrative, broader market coverage noted Lumentum as one of the day’s weaker movers, suggesting traders may be taking profits after a strong run-up and reacting to valuation concerns. Article Title

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.