Oliver Luxxe Assets LLC Has $480,000 Holdings in Lumentum Holdings Inc. $LITE

Key Points

• Oliver Luxxe Assets LLC cut its Lumentum stake by 93.2%, selling 17,913 shares in Q4 and leaving 1,301 shares valued at $480,000 per its latest 13F filing.
• Lumentum beat recent quarterly estimates—$1.67 EPS vs $1.41 expected and $665.5M revenue (up 65.5% YoY)—but the stock has been volatile (opened down 8.5%) and trades at a high PE of 216.67 with 94.05% institutional ownership.
• Significant insider selling (65,775 shares worth about $38.85M in the past 90 days) has coincided with analysts raising price targets and a consensus "Moderate Buy" rating with an average target of $575.06 amid S&P 500 inclusion talk.

Oliver Luxxe Assets LLC decreased its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 93.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,301 shares of the technology company's stock after selling 17,913 shares during the quarter. Oliver Luxxe Assets LLC's holdings in Lumentum were worth $480,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its holdings in shares of Lumentum by 36.8% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company's stock worth $59,000 after purchasing an additional 254 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Lumentum by 109.9% during the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company's stock worth $747,000 after buying an additional 6,275 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Lumentum by 9.1% in the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company's stock valued at $507,000 after buying an additional 680 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of Lumentum in the second quarter valued at $292,000. Finally, MAI Capital Management grew its holdings in shares of 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 buying an additional 96 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Lumentum Stock Down 8.5%

Shares of NASDAQ:LITE opened at $706.35 on Monday. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $787.45. The company has a market capitalization of $50.43 billion, a PE ratio of 216.67 and a beta of 1.38. The business has a fifty day moving average price of $542.15 and a two-hundred day moving average price of $351.47. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45.

Lumentum (NASDAQ:LITE - Get Free Report) last released its earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.26. The company had revenue of $665.50 million for the quarter, compared to analysts' expectations of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The business's revenue for the quarter was up 65.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Bank of America raised its price target sharply (reported as a 29% hike) and framed Lumentum as a key AI‑optics beneficiary, boosting investor confidence in the company's data‑center connectivity positioning. Article Title
• Positive Sentiment: Reports that Lumentum is pursuing an $8 billion annual revenue target and has landed a major OCS contract have fueled bullish sentiment around its optical components backlog and long‑term growth runway. Article Title
• Positive Sentiment: Analyst support increased: Rosenblatt issued a Buy rating and Morgan Stanley boosted its price target (to $595), adding further institutional validation for the stock’s outlook. Rosenblatt Buy MS PT Boost
• Positive Sentiment: Industry research highlights Lumentum’s strength in OCS and CPO product lines and an expanding AI‑era backlog — factors that could sustain revenue growth as hyperscalers shift from copper to optical solutions. Article Title
• Positive Sentiment: Anticipation of official inclusion in the S&P 500 has driven buying into LITE as index funds and ETFs rebalance, supporting near‑term demand for the shares. Article Title
• Neutral Sentiment: Technical/flow factors: Some momentum traders cite a “power inflow” trading signal that helped push the stock higher in the short term; this is supportive but may be transient. Article Title
• Negative Sentiment: Caution from some analysts: while price action is strong, certain writeups note that recent earnings‑estimate revisions and lofty valuation metrics could limit upside or make the stock vulnerable to a pullback if growth expectations slip. Article Title

Insider Activity at Lumentum

In other news, Director Penny Herscher sold 4,000 shares of the firm's stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $597.29, for a total transaction of $2,389,160.00. Following the completion of the sale, the director owned 2,057 shares in the company, valued at $1,228,625.53. This trade represents a 66.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vincent Retort sold 3,441 shares of Lumentum stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the completion of the sale, the insider directly owned 95,975 shares in the company, valued at $52,381,235.50. This trade represents a 3.46% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 65,775 shares of company stock worth $38,851,343. Insiders own 0.43% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LITE shares. JPMorgan Chase & Co. boosted their target price on shares of Lumentum to $565.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 4th. Bank of America lifted their price target on Lumentum to $520.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. Susquehanna boosted their price objective on Lumentum to $550.00 and gave the stock a "positive" rating in a report on Wednesday, February 4th. Weiss Ratings reissued a "hold (c-)" rating on shares of Lumentum in a research note on Monday, December 29th. Finally, TD Cowen initiated coverage on Lumentum in a report on Thursday, March 12th. They issued a "hold" rating and a $675.00 target price on the stock. Two investment 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 stock. According to MarketBeat, Lumentum presently has a consensus rating of "Moderate Buy" and a consensus price target of $575.06.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.