Maytree Asset Management Ltd Invests $2.27 Million in Lumentum Holdings Inc. $LITE

Key Points

• Maytree Asset Management opened a new position in Lumentum, buying 6,150 shares worth approximately $2.27 million, which represents about 1.7% of its portfolio and is its 11th-largest holding.
• Lumentum topped Q3 estimates with $2.37 EPS (vs. $2.27 expected) and revenue of $808.4M (up ~90% YoY), and raised Q4 FY2026 guidance to $2.85–$3.05 EPS, signaling continued strength in demand and margins.
• Despite the beat and raised guide, shares fell on profit-taking amid a huge one‑year run and rich valuation (market cap ~$71B, P/E ~305); insiders sold ~65,775 shares last quarter and institutional ownership sits around 94%.

Maytree Asset Management Ltd acquired a new position in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,150 shares of the technology company's stock, valued at approximately $2,267,000. Lumentum accounts for about 1.7% of Maytree Asset Management Ltd's portfolio, making the stock its 11th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Lumentum during the fourth quarter valued at approximately $28,000. Chesapeake Asset Management LLC bought a new stake in Lumentum during the 4th quarter valued at $37,000. BOCHK Asset Management Ltd purchased a new position in shares of Lumentum in the 4th quarter valued at $37,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Lumentum in the 4th quarter worth $55,000. Finally, EverSource Wealth Advisors LLC lifted its stake 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 worth $27,000 after purchasing an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Lumentum Stock Performance

LITE opened at $994.56 on Wednesday. The company has a market cap of $71.01 billion, a P/E ratio of 305.08 and a beta of 1.53. 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 firm's 50-day moving average price is $766.66 and its 200-day moving average price is $492.31. Lumentum Holdings Inc. has a 52-week low of $60.38 and a 52-week high of $1,021.00.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.27 by $0.10. The business had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.05 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business's revenue for the quarter was up 90.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, equities analysts anticipate that Lumentum Holdings Inc. will post 5.87 EPS for the current fiscal year.

Insider Transactions at Lumentum

In other Lumentum news, insider Yuen Wupen sold 3,157 shares of the business's stock in a transaction dated 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 sale, the insider owned 88,439 shares in the company, valued at approximately $47,580,182. The trade was a 3.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Penny Herscher sold 4,000 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $597.29, for a total value of $2,389,160.00. Following the completion of the transaction, the director directly owned 2,057 shares in the company, valued at $1,228,625.53. This represents a 66.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 65,775 shares of company stock worth $38,851,343. 0.43% of the stock is owned by insiders.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q3 EPS beat and strong year‑over‑year growth: Lumentum reported $2.37 EPS (above estimates) and revenue up ~90% YoY, showing strong profitability expansion vs prior year. Lumentum (LITE) Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Raised Q4 EPS guidance: Management set Q4 FY2026 EPS guidance of $2.85–$3.05, ahead of the Street, signaling continued margin strength and demand visibility. Lumentum Q3 2026 Earnings Call Transcript
• Positive Sentiment: Analysts lifting targets and reiterating buys: Stifel and Loop Capital boosted price targets (to $1,100 and $1,400 respectively), reflecting bullish analyst view on AI/data‑center demand. Stifel raises PT on Lumentum Loop Capital raises PT on Lumentum
• Neutral Sentiment: AI/data‑center narrative intact: Management and press emphasize AI-driven demand for optical components, which supports medium‑term revenue growth but is already priced into shares. Lumentum forecasts quarterly revenue above estimates on AI-driven demand
• Negative Sentiment: Shares fell despite the beat and raised guide: Market reaction was negative — investors sold into the print, likely due to valuation concerns and very high expectations after the stock's massive run. Lumentum shares tumble despite strong print and guide
• Negative Sentiment: Revenue slightly missed consensus and profit‑taking risk: Q3 revenue ($808.4M) was a hair below the ~$810M estimate and, given LITE’s ~1,444% one‑year surge, some investors rotated out on any sign of softness. Lumentum earnings top estimates, revenue light amid AI data center boom

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Mizuho lifted their target price on Lumentum from $750.00 to $930.00 and gave the company an "outperform" rating in a research note on Wednesday, April 8th. UBS Group lifted their price objective 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. B. Riley Financial reissued a "buy" rating on shares of Lumentum in a research report on Friday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Lumentum in a report on Tuesday, April 21st. Finally, Bank of America upped their price target on Lumentum to $520.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 4th. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $812.71.

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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