West Michigan Advisors LLC Sells 945 Shares of Lumentum Holdings Inc. $LITE

West Michigan Advisors LLC cut its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 33.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,858 shares of the technology company’s stock after selling 945 shares during the quarter. West Michigan Advisors LLC’s holdings in Lumentum were worth $685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LITE. Allworth Financial LP raised its holdings in shares of Lumentum by 6.4% in the 3rd quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock valued at $128,000 after purchasing an additional 47 shares during the period. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Lumentum by 0.4% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock valued at $2,532,000 after purchasing an additional 64 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Lumentum by 58.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock valued at $76,000 after purchasing an additional 76 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Lumentum in the 4th quarter valued at about $28,000. Finally, UMB Bank n.a. raised its holdings in shares of Lumentum by 11.2% in the 3rd quarter. UMB Bank n.a. now owns 920 shares of the technology company’s stock valued at $150,000 after purchasing an additional 93 shares during the period. 94.05% of the stock is owned by institutional investors.

Lumentum Stock Down 3.1%

Lumentum stock opened at $846.89 on Friday. The stock has a market cap of $60.47 billion, a P/E ratio of 259.78 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. Lumentum Holdings Inc. has a twelve month low of $55.00 and a twelve month high of $960.00. The company’s 50-day moving average price is $733.38 and its two-hundred day moving average price is $457.53.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.26. The firm had revenue of $665.50 million for 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%. The business’s revenue was up 65.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, analysts expect that Lumentum Holdings Inc. will post 5.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Susquehanna upped their target price on shares of Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a report on Monday. Morgan Stanley upped their target price on shares of Lumentum from $595.00 to $710.00 and gave the company an “equal weight” rating in a report on Monday. JPMorgan Chase & Co. upped their target price on shares of Lumentum to $950.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. TD Cowen upped their target price on shares of Lumentum from $675.00 to $875.00 and gave the company a “hold” rating in a report on Friday, April 10th. Finally, Stifel Nicolaus upped their target price on shares of Lumentum to $800.00 and gave the company a “buy” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $757.25.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Needham raised its price target to $1,040, a clear signal of stronger upside expectations from a sell-side shop and a likely contributor to buying interest. Needham & Company LLC Boosts Lumentum (NASDAQ:LITE) Price Target to $1,040.00
• Positive Sentiment: Northland Securities materially raised FY2027 EPS estimates (to $14.59 from $10.69) and published updated quarterly forecasts — this repricing of future earnings lifts investor expectations and supports the rally. Northland Securities Comments on Lumentum Q1 Earnings
• Positive Sentiment: Management and coverage note that demand is extremely strong — Lumentum says it’s sold out through 2027, underscoring capacity constraints and multi-year revenue visibility that traders view as a major tailwind. ?Lumentum Holdings (LITE) Sold Out Through 2027 on High Demand
• Positive Sentiment: Coverage is shifting to AI networking optics and large customer commitments (including Nvidia-related demand), reframing Lumentum from telecom cyclical to AI-driven growth, which supports higher valuations. How The Lumentum Holdings (LITE) Story Is Shifting With AI Optics And Nvidia Commitments
• Neutral Sentiment: Media noted an immediate market reaction — Lumentum traded notably higher after analyst upgrades — this reflects sentiment momentum but not new fundamental data by itself. Lumentum (NASDAQ:LITE) Trading 4.4% Higher After Analyst Upgrade
• Negative Sentiment: A Seeking Alpha piece flags a “hidden liquidity risk” in the footnotes — investors should read the analysis to assess whether contingent liabilities or financing language could create downside surprises. Lumentum: A Hidden Liquidity Risk Buried In The Footnotes
• Negative Sentiment: Tradr launched 2x inverse and inverse single-stock ETFs on LITE (and Sandisk); these products make it easier for traders to express bearish bets and can increase intraday volatility and short pressure. Tradr Debuts Short ETFs on Lumentum and Sandisk

Insider Transactions at Lumentum

In other Lumentum news, CFO Wajid Ali sold 5,302 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the transaction, the chief financial officer owned 66,287 shares in the company, valued at $45,812,934.31. This trade represents a 7.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Penny Herscher sold 4,849 shares of the stock in a transaction on 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 transaction, the director owned 6,057 shares in the company, valued at $3,243,402.36. The trade was a 44.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 65,775 shares of company stock worth $38,851,343 over the last quarter. 0.43% of the stock is currently owned by corporate insiders.

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.