Lumentum Holdings Inc. $LITE Stock Holdings Reduced by Penn Capital Management Company LLC

Penn Capital Management Company LLC reduced its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 96.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,468 shares of the technology company’s stock after selling 232,523 shares during the period. Penn Capital Management Company LLC’s holdings in Lumentum were worth $1,400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Lumentum by 363.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after buying an additional 131 shares during the last quarter. Danske Bank A S acquired a new position in Lumentum in the third quarter worth approximately $33,000. Steigerwald Gordon & Koch Inc. acquired a new position in Lumentum in the third quarter worth approximately $49,000. Cullen Frost Bankers Inc. bought a new position in Lumentum during the third quarter valued at approximately $49,000. Finally, Huntington National Bank raised its position in Lumentum by 4,125.0% during 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 in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on LITE shares. Stifel Nicolaus boosted their target price on shares of Lumentum to $800.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $900.00 price objective on shares of Lumentum in a research note on Wednesday. Morgan Stanley upped their price objective on shares of Lumentum to $595.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, UBS Group increased their target price on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $575.06.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum disclosed a long‑term quarterly revenue run‑rate target of $2B and highlighted OFC demonstrations that show scale‑up/scale‑out networking traction, a key growth signal for AI data‑center spending. Lumentum leaps after revealing long‑term quarterly revenue run‑rate of $2B at OFC: Stifel
• Positive Sentiment: Analyst write‑ups highlight new products shown at OFC — a 1.6T DR4 OSFP transceiver and high‑power lasers — and link Lumentum’s roadmap to Nvidia’s multi‑billion optical spend; Seeking Alpha’s piece calls LITE a buy based on upgraded long‑term outlook and strong momentum. Why Lumentum Is A Buy Despite The Run‑Up
• Positive Sentiment: Rosenblatt reaffirmed a “buy” rating and set a $900 price target, signaling upside potential from continued AI/data‑center demand and product execution. Benzinga Rosenblatt note
• Positive Sentiment: Partnership/product integrations: Marvell and Lumentum demonstrated AI‑optimized optical circuit switching integration, reinforcing commercial pathways into hyperscale networking builds. Marvell, Lumentum showcase AI‑optimized optical circuit switching
• Positive Sentiment: Asset managers and industry commentators warn of multi‑year shortages for optical components as AI capex scales, a structural tailwind for suppliers like Lumentum. Multi‑year shortages coming for optical suppliers (T. Rowe Price)
• Neutral Sentiment: Company press releases detail multiple OFC demonstrations (VCSEL scale‑up and other showcases) that support technical credibility but will require customer conversions to fully materialize. Lumentum showcases VCSEL scale‑up demo at OFC
• Neutral Sentiment: Coverage pieces and transcript/slideshow summaries provide color on strategy and product demos but do not add new financials; useful for parsing roadmap execution risk. Lumentum transcript: Illuminating the Networks of Tomorrow
• Negative Sentiment: Morgan Stanley moved LITE to an “equal weight” with a $595 price target, implying downside from current levels and signalling some analyst caution despite product momentum. Benzinga — Morgan Stanley update

Lumentum Trading Up 7.9%

Shares of LITE stock opened at $700.81 on Thursday. Lumentum Holdings Inc. has a 12 month low of $45.65 and a 12 month high of $783.80. The company has a market cap of $50.04 billion, a PE ratio of 214.97 and a beta of 1.38. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $526.57 and its two-hundred day moving average is $341.46.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. The business had revenue of $665.50 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Equities analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Insider Activity

In other news, CFO Wajid Ali sold 5,302 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $45,812,934.31. This trade represents a 7.41% 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 Vincent Retort sold 45,026 shares of Lumentum stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $591.32, for a total value of $26,624,774.32. Following the completion of the transaction, the insider owned 102,455 shares in the company, valued at $60,583,690.60. The trade was a 30.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 65,775 shares of company stock worth $38,851,343. Insiders own 0.43% of the company’s stock.

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.