Geneva Partners LLC Acquires Shares of 2,740 Lumentum Holdings Inc. $LITE

Key Points

• Geneva Partners LLC acquired 2,740 shares of Lumentum (NASDAQ:LITE) in Q4, a stake valued at about $1.01 million, and institutional investors now own roughly 94.05% of the company.
• Lumentum reported a Q3 beat (EPS $2.37 vs. $2.27 est.) with revenue up ~90% year‑over‑year, set Q4 guidance of $2.85–3.05 EPS and flagged a transceiver shipment ramp, triggering multiple analyst price‑target raises (consensus avg ~$1,003.75).
• Despite strong results and bullish analyst action, the stock has been volatile—down about 5.5% recently amid profit‑taking—and insiders have sold ~60,926 shares (~$36.3M) in the past 90 days, fueling some concerns about near‑term execution versus elevated expectations.

Geneva Partners LLC acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,740 shares of the technology company's stock, valued at approximately $1,010,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in Lumentum by 6.4% in the third quarter. Allworth Financial LP now owns 784 shares of the technology company's stock valued at $128,000 after acquiring an additional 47 shares during the period. Northwestern Mutual Investment Management Company LLC grew its stake in Lumentum by 0.4% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company's stock valued at $2,532,000 after acquiring an additional 64 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Lumentum by 58.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company's stock valued at $76,000 after acquiring an additional 76 shares during the period. V Square Quantitative Management LLC acquired a new stake in Lumentum in the fourth quarter valued at approximately $28,000. Finally, UMB Bank n.a. grew its stake in Lumentum by 11.2% in the third quarter. UMB Bank n.a. now owns 920 shares of the technology company's stock valued at $150,000 after acquiring an additional 93 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q3 results beat and strong guidance — Lumentum reported an EPS beat and revenue up ~90% year‑over‑year driven by cloud/AI demand; management forecasted continued strength and a ramp of 1.6T transceiver shipments into fiscal Q4, supporting near‑term growth expectations. LITE Q3 Earnings Beat Estimates, Revenues Rise Y/Y, Shares Drop
• Positive Sentiment: Wall of bullish analyst action — multiple firms raised price targets and issued buy/overweight calls (Rothschild Redburn PT $1,270; BNP Paribas/Exane to $1,300; Rosenblatt to $1,300; Loop Capital to $1,400; JPMorgan to $1,130; Barclays to $1,000; Craig Hallum to $1,150), signaling strong conviction on longer‑term AI/data‑center demand. Rothschild Redburn Gives Lumentum (LITE) a Buy Rating Craig Hallum Adjusts Price Target
• Neutral Sentiment: Demand vs. supply narrative — analysts note demand is exceeding supply (and the company flagged customer commitments and sector updates), which supports revenue durability but could keep near‑term delivery constraints and backlog dynamics in focus. Lumentum continues to see demand exceeding supply
• Negative Sentiment: Profit‑taking and optics trade cooling — after the strong beat and guidance, investors rotated out of optics winners today; Lumentum moved down alongside peers as the AI/optics trade cooled, amplifying volatility. Applied Optoelectronics Crashes 14%, Coherent Slides 10%, Lumentum Falls 7% as Optics Trade Cools
• Negative Sentiment: Expectations vs. growth — some commentary and investor reaction suggest the stock is pricing very high growth already; a few writeups questioned whether expectations may be outrunning sustainable near‑term execution, which can prompt short‑term selling despite upside longer term. Lumentum falls 5% after results: are expectations outrunning growth?

Analysts Set New Price Targets

A number of brokerages have commented on LITE. Zacks Research cut Lumentum from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. Bank of America raised their price objective on Lumentum to $520.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. B. Riley Financial reissued a "buy" rating on shares of Lumentum in a research note on Friday, May 1st. Craig Hallum raised their price objective on Lumentum from $900.00 to $1,150.00 in a research note on Wednesday. Finally, Loop Capital raised their price objective on Lumentum from $900.00 to $1,400.00 and gave the company a "buy" rating in a research note on Tuesday. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,003.75.

Insider Buying and Selling

In related news, insider Yuen Wupen sold 3,157 shares of Lumentum stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the transaction, the insider owned 88,439 shares of the company's stock, valued at $47,580,182. The trade was a 3.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Wajid Ali sold 5,302 shares of Lumentum stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $691.13, for a total value of $3,664,371.26. Following the transaction, the chief financial officer directly owned 66,287 shares in the company, valued at approximately $45,812,934.31. The trade was a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 60,926 shares of company stock worth $36,254,801 in the last ninety days. Corporate insiders own 0.43% of the company's stock.

Lumentum Stock Down 5.5%

Shares of NASDAQ:LITE opened at $892.25 on Friday. The stock has a market cap of $63.71 billion, a price-to-earnings ratio of 165.23 and a beta of 1.53. The company has a quick ratio of 0.45, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 12-month low of $63.98 and a 12-month high of $1,021.00. The business's 50 day moving average is $776.13 and its 200 day moving average is $502.93.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.10. The company had revenue of $808.40 million for the quarter, compared to analysts' expectations of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.Lumentum's quarterly revenue was up 90.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, sell-side analysts forecast that Lumentum Holdings Inc. will post 5.87 earnings per share for the current fiscal 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.

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