Divisadero Street Capital Management LP Raises Holdings in Lumentum Holdings Inc. $LITE

Divisadero Street Capital Management LP increased its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 283.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,303 shares of the technology company’s stock after buying an additional 120,698 shares during the period. Lumentum comprises approximately 1.2% of Divisadero Street Capital Management LP’s investment portfolio, making the stock its 23rd biggest holding. Divisadero Street Capital Management LP owned about 0.23% of Lumentum worth $26,571,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Lumentum

In other Lumentum news, insider Yuen Wupen sold 3,157 shares of the company’s stock in a transaction 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 sale, the insider directly owned 88,439 shares of the company’s stock, valued at approximately $47,580,182. This represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Penny Herscher sold 4,849 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $535.48, for a total value of $2,596,542.52. Following the sale, the director directly owned 6,057 shares in the company, valued at $3,243,402.36. This represents a 44.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 65,775 shares of company stock valued at $38,851,343. Company insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. TD Cowen initiated coverage on shares of Lumentum in a research report on Thursday. They issued a “hold” rating and a $675.00 price objective on the stock. Barclays raised their target price on shares of Lumentum to $750.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Rosenblatt Securities lifted their price target on shares of Lumentum to $580.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Susquehanna boosted their price target on Lumentum to $550.00 and gave the stock a “positive” rating in a research note on Wednesday, February 4th. Finally, Stifel Nicolaus boosted their price objective on shares of Lumentum to $800.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $550.38.

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

Lumentum Price Performance

Shares of NASDAQ LITE opened at $622.50 on Monday. The business’s 50 day moving average price is $510.02 and its 200 day moving average price is $331.85. The firm has a market cap of $44.45 billion, a P/E ratio of 190.95 and a beta of 1.38. 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 posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. The company had revenue of $665.50 million during 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%. Lumentum’s revenue for the quarter was up 65.5% compared to the same quarter last year. During the same period last year, the firm posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, sell-side analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

About Lumentum

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.