Optimize Financial Inc Makes New Investment in Lumentum Holdings Inc. $LITE

Optimize Financial Inc bought a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,262 shares of the technology company’s stock, valued at approximately $1,507,000. Lumentum accounts for approximately 0.8% of Optimize Financial Inc’s holdings, making the stock its 22nd biggest position.

Several other institutional investors have also made changes to their positions in LITE. Hood River Capital Management LLC lifted its position 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 acquiring an additional 994,551 shares in the last quarter. Norges Bank acquired a new stake in Lumentum during the 2nd quarter valued at $82,983,000. FengHe Fund Management Pte. Ltd. purchased a new stake in shares of Lumentum in the third quarter valued at $71,771,000. Broad Peak Investment Advisers Pte Ltd acquired a new stake in shares of Lumentum in the second quarter worth $41,235,000. Finally, William Blair Investment Management LLC purchased a new position in shares of Lumentum during the second quarter valued at $34,193,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Pamela Fletcher sold 3,421 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total transaction of $935,746.13. Following the completion of the sale, the director owned 10,561 shares in the company, valued at approximately $2,888,750.33. This represents a 24.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jae Kim sold 170 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $246.00, for a total value of $41,820.00. Following the completion of the transaction, the senior vice president directly owned 38,400 shares in the company, valued at $9,446,400. The trade was a 0.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 28,612 shares of company stock valued at $7,317,398. 0.43% of the stock is owned by corporate insiders.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q2 results beat expectations — Lumentum reported $1.67 EPS vs. Zacks/consensus ~ $1.40–$1.41 and revenue of $665.5M (up ~65.5% YoY), signalling solid top-line and profit recovery. Read More.
• Positive Sentiment: Very strong forward guidance — Lumentum raised Q3 FY2026 guidance to $2.15–$2.35 EPS and revenue $780M–$830M, well above sell-side consensus, which is the primary driver of the rally (big beat on both EPS and revenue outlook). Read More.
• Positive Sentiment: Margin expansion and CEO commentary — Management highlighted >1,700 bps non‑GAAP operating margin improvement and said revenue hit the high end of guidance, supporting sustainability of the profit improvement. Read More.
• Positive Sentiment: Analyst / market momentum — Pre-earnings price-target upgrades and coverage notes amplified buying into the print, contributing to the multi-day rally. Read More. and Read More.
• Neutral Sentiment: Investor materials available — Conference call, slide deck and replay were posted for deeper review; useful for confirming forward assumptions and product/program cadence. Read More. • Read More.
• Negative Sentiment: Valuation and leverage remain watch points — Lumentum’s trailing P/E is elevated and the company carries leverage (debt-to-equity ~2.8), which could amplify downside if growth slows or guidance slips. Read More.

Lumentum Price Performance

Shares of LITE opened at $435.10 on Wednesday. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37. The firm has a market cap of $30.85 billion, a PE ratio of 292.02 and a beta of 1.51. The firm’s 50 day moving average price is $356.09 and its 200 day moving average price is $230.90. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $464.00.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.41 by $0.26. The company had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. Lumentum’s quarterly revenue was up 65.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, research analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LITE. Susquehanna increased their price objective on Lumentum from $230.00 to $420.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Needham & Company LLC upped their target price on Lumentum to $290.00 and gave the company a “buy” rating in a report on Monday, November 24th. Citigroup raised their price target on shares of Lumentum from $240.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.06.

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.