HighVista Strategies LLC Takes $2.10 Million Position in Lumentum Holdings Inc. $LITE

HighVista Strategies LLC acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the third quarter, according to its most recent filing with the SEC. The fund acquired 12,927 shares of the technology company’s stock, valued at approximately $2,103,000.

A number of other institutional investors have also added to or reduced their stakes in LITE. EverSource Wealth Advisors LLC boosted its stake in Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after purchasing an additional 131 shares during the period. MAI Capital Management increased its position in shares of Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after buying an additional 96 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Lumentum in the third quarter worth about $49,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Lumentum in the third quarter worth about $49,000. Finally, Huntington National Bank boosted its position in shares of Lumentum by 4,125.0% in the third quarter. Huntington National Bank now owns 338 shares of the technology company’s stock valued at $55,000 after acquiring an additional 330 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LITE. Needham & Company LLC boosted their price objective on shares of Lumentum to $850.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Barclays upped their price target on shares of Lumentum to $750.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Morgan Stanley raised their price objective on shares of Lumentum to $520.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Stifel Nicolaus raised their price target on Lumentum to $800.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, UBS Group upped their price objective on Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and a consensus price target of $550.38.

Lumentum Stock Performance

Lumentum stock opened at $622.50 on Monday. The firm has a fifty day simple moving average of $510.02 and a two-hundred day simple moving average of $331.85. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $783.80. The company has a market capitalization of $44.45 billion, a PE ratio of 190.95 and a beta of 1.38.

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, beating analysts’ consensus estimates of $1.41 by $0.26. The firm had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The company’s revenue for the quarter was up 65.5% compared to the same quarter last year. During the same period last year, the firm earned $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Research analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

More Lumentum News

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 Buying and Selling

In related news, Director Penny Herscher sold 4,849 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $535.48, for a total transaction of $2,596,542.52. Following the transaction, the director directly owned 6,057 shares in the company, valued at $3,243,402.36. This trade represents a 44.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Wajid Ali sold 5,302 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were 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 $45,812,934.31. The trade was a 7.41% 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 in the last 90 days. 0.43% of the stock is owned by 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.