Chesapeake Capital Corp IL Takes Position in Lumentum Holdings Inc. $LITE

Chesapeake Capital Corp IL purchased a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,582 shares of the technology company’s stock, valued at approximately $746,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its holdings in Lumentum by 8,579.2% during the 3rd 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 in the last quarter. Hood River Capital Management LLC raised its stake in shares of Lumentum by 82.1% in the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after purchasing an additional 994,551 shares in the last quarter. Norges Bank bought a new position in shares of Lumentum during the second quarter worth about $82,983,000. WT Asset Management Ltd grew its stake in Lumentum by 170.0% in the third quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock worth $115,558,000 after purchasing an additional 447,208 shares in the last quarter. Finally, FengHe Fund Management Pte. Ltd. acquired a new position in Lumentum in the third quarter worth about $71,771,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lumentum 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vincent Retort sold 3,441 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the transaction, the insider directly owned 95,975 shares of the company’s stock, valued at approximately $52,381,235.50. This trade represents a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,775 shares of company stock valued at $38,851,343 over the last three months. Corporate insiders own 0.43% of the company’s stock.

Lumentum Stock Performance

Shares of LITE stock opened at $622.50 on Friday. The company has a market cap of $44.45 billion, a P/E ratio of 190.95 and a beta of 1.38. The business has a 50 day moving average of $510.02 and a two-hundred day moving average of $328.98. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $783.80. 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 (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $646.74 million. During the same quarter last year, the business posted $0.42 EPS. The business’s revenue was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LITE shares. Citigroup boosted their price objective on Lumentum to $560.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Northland Securities set a $350.00 target price on Lumentum in a research report on Wednesday, December 3rd. Barclays boosted their price target on Lumentum to $750.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Bank of America upped their price target on Lumentum to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Finally, Susquehanna raised their price objective on Lumentum to $550.00 and gave the stock a “positive” rating in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Lumentum has a consensus rating of “Moderate Buy” and a consensus target price of $550.38.

Lumentum News Roundup

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

Lumentum Company 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.