WBI Investments LLC Purchases Shares of 2,785 Lumentum Holdings Inc. $LITE

WBI Investments LLC acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, Holdings Channel.com reports. The firm acquired 2,785 shares of the technology company’s stock, valued at approximately $453,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in Lumentum by 363.9% during 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 during the period. Danske Bank A S acquired a new position in Lumentum in the third quarter valued at approximately $33,000. MAI Capital Management lifted its holdings in Lumentum by 27.0% in the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after acquiring an additional 96 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new stake in Lumentum in the 3rd quarter worth approximately $49,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Lumentum during the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Stock Performance

NASDAQ:LITE opened at $700.81 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The stock has a market capitalization of $50.04 billion, a PE ratio of 214.97 and a beta of 1.38. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $783.80. The company has a fifty day moving average of $526.57 and a two-hundred day moving average of $341.46.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results 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. The firm had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company’s revenue for the quarter was up 65.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, research analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LITE has been the subject of several recent research reports. Needham & Company LLC lifted their target price on shares of Lumentum to $850.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Stifel Nicolaus raised their price target on shares of Lumentum to $800.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $147.00 to $526.00 in a research report on Wednesday, February 4th. Rosenblatt Securities reissued a “buy” rating and set a $900.00 target price on shares of Lumentum in a research note on Wednesday. Finally, Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $575.06.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: S&P 500 inclusion is prompting pre-index buying and helped drive the rally as investors position ahead of LITE’s official entry. Lumentum (LITE) Jumps 7.9% Ahead of S&P 500 Inclusion
• Positive Sentiment: OFC 2026 product reveals — including a 1.6T DR4 OSFP transceiver, high-power lasers and VCSEL-based scale-up interconnect demos — bolster Lumentum’s positioning in AI data-center optics and support management’s long-term revenue targets. Why Lumentum Is A Buy Despite The Run-Up
• Positive Sentiment: Industry tailwinds: Nvidia’s big investments in optical segments and a broader AI hardware buildout are cited repeatedly as demand drivers for Lumentum’s products. Coverage highlights the company as an AI-hardware play. Why Lumentum Holdings Stock Zoomed 6% Higher Today
• Positive Sentiment: Supply-side dynamics: analysts warn of multi-year shortages for optical suppliers, which could sustain pricing and backlog for leaders like Lumentum. Multi-Year Shortages Coming for Optical Suppliers
• Neutral Sentiment: Company communications and event materials (transcript/slideshow) reinforce product roadmap and strategy but add limited new financial detail. Useful for technical/market-positioning context. Lumentum Transcript
• Neutral Sentiment: Broader coverage pieces explain the AI/opto networking narrative (MarketBeat, MSN) that supports investor enthusiasm but are thematic rather than new company-specific catalysts. More Than Just Brains: The AI Revolution’s Nervous System
• Negative Sentiment: Valuation/analyst divergence: Morgan Stanley’s new $595 price target (equal-weight) sits below the current market level, signaling downside risk if momentum fades; this contrasts with Rosenblatt’s $900 target, highlighting wide analyst dispersion. Analyst Notes (Benzinga)

Insider Buying and Selling at Lumentum

In other Lumentum news, insider Yuen Wupen sold 3,157 shares of the stock in a transaction dated 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 sale, the insider owned 88,439 shares in the company, valued at approximately $47,580,182. This represents a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Penny Herscher sold 4,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 2,057 shares of the company’s stock, valued at approximately $1,228,625.53. This represents a 66.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 65,775 shares of company stock valued at $38,851,343 over the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

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.