Portolan Capital Management LLC Acquires New Position in Lumentum Holdings Inc. $LITE

Portolan Capital Management LLC bought a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, according to its most recent filing with the SEC. The firm bought 49,457 shares of the technology company’s stock, valued at approximately $8,047,000. Portolan Capital Management LLC owned approximately 0.07% of Lumentum as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Lumentum by 363.9% in the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares during the last quarter. MAI Capital Management lifted its stake in shares of Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after buying an additional 96 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Lumentum during the third quarter valued at $49,000. Cullen Frost Bankers Inc. acquired a new position in shares of Lumentum in the 3rd quarter valued at $49,000. Finally, Huntington National Bank raised its stake in Lumentum by 4,125.0% in the 3rd quarter. Huntington National Bank now owns 338 shares of the technology company’s stock worth $55,000 after acquiring an additional 330 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LITE shares. Citigroup increased their price objective on Lumentum to $560.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Lumentum to $565.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Mizuho increased their price objective on shares of Lumentum to $645.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and an average price target of $550.38.

Insiders Place Their Bets

In other Lumentum news, insider Vincent Retort sold 45,026 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the transaction, the insider owned 102,455 shares in the company, valued at approximately $60,583,690.60. This represents a 30.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Yuen Wupen sold 3,157 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $47,580,182. This trade represents a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 65,775 shares of company stock worth $38,851,343. 0.43% of the stock is owned by company insiders.

Key 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

Lumentum Price Performance

NASDAQ:LITE opened at $622.50 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The company has a 50 day moving average price of $510.02 and a 200-day moving average price of $328.98. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $783.80. The firm has a market cap of $44.45 billion, a price-to-earnings ratio of 190.95 and a beta of 1.38.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating 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 11.95% and a return on equity of 17.27%. The firm’s revenue was up 65.5% on a year-over-year basis. During the same quarter last year, the business earned $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Equities research analysts forecast that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

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.