Virtus Wealth Solutions LLC Acquires New Position in Lumentum Holdings Inc. $LITE

Key Points

• Virtus Wealth Solutions LLC initiated a new stake in Lumentum, purchasing 2,930 shares in Q4 valued at approximately $1.08 million per its latest 13F filing.
• Several analysts have lifted targets and ratings—most notably Needham to $1,040 and TD Cowen to $875—with a consensus Moderate Buy and an average target of $757.25.
• Lumentum beat quarterly estimates (EPS $1.67 vs. $1.41 expected; revenue $665.5M, +65.5% YoY) and cites strong demand ("sold out" through 2027), though insiders have recent sales and institutional ownership is about 94%.

Virtus Wealth Solutions LLC bought a new position in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,930 shares of the technology company's stock, valued at approximately $1,080,000.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in Lumentum by 363.9% during the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company's stock worth $27,000 after buying an additional 131 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Lumentum during the 4th quarter valued at about $28,000. Danske Bank A S purchased a new stake in shares of Lumentum in the third quarter valued at about $33,000. Chesapeake Asset Management LLC acquired a new stake in Lumentum during the fourth quarter worth about $37,000. Finally, BOCHK Asset Management Ltd acquired a new stake in Lumentum during the fourth quarter worth about $37,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LITE has been the subject of several analyst reports. TD Cowen increased their price target on shares of Lumentum from $675.00 to $875.00 and gave the company a "hold" rating in a research note on Friday, April 10th. Needham & Company LLC lifted their target price on Lumentum from $880.00 to $1,040.00 and gave the company a "buy" rating in a research report on Tuesday. Rosenblatt Securities reiterated a "buy" rating and set a $900.00 price target on shares of Lumentum in a report on Wednesday, March 18th. Northland Securities set a $1,000.00 price objective on shares of Lumentum in a report on Monday. Finally, Stifel Nicolaus increased their target price on shares of Lumentum to $800.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $757.25.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Needham boosts its price target to $1,040, signaling stronger sell‑side conviction and helping lift sentiment among growth/optics investors. Needham & Company LLC Boosts Lumentum NASDAQ: LITE Price Target to $1,040.00
• Positive Sentiment: Northland Securities materially raised FY2027 EPS estimates (from $10.69 to $14.59 per share in its note), reflecting higher revenue/profit expectations and reinforcing the post‑earnings re‑rating. Northland Securities Comments on Lumentum Q1 Earnings
• Positive Sentiment: Coverage actions and analyst upgrades are directly supporting the move higher — press noting LITE trading up after an upgrade helped trigger buying. Lumentum NASDAQ: LITE Trading 4.4% Higher After Analyst Upgrade
• Positive Sentiment: Commercial demand strength: reports indicate Lumentum is “sold out” through 2027 on strong demand for its optical components, supporting revenue visibility and backlog-driven upside. Lumentum Holdings (LITE) Sold Out Through 2027 on High Demand
• Neutral Sentiment: Media/analyst takeaways: an MSN piece questions whether Lumentum can sustain its massive multi‑year run — useful for framing valuation concerns but not new fundamental data. Does Lumentum still have gas in its tank after a massive run?
• Neutral Sentiment: Popular culture/flow: Jim Cramer referenced “stocks that got away” on Mad Money — marginal for fundamentals but can influence retail attention/flows. Cramer Names 'The Stocks That Got Away' — SanDisk Is Number 1
• Negative Sentiment: Seeking Alpha highlights a potential hidden liquidity risk in the footnotes — investors should review the filing specifics; such risks can amplify downside if they materialize. Lumentum: A Hidden Liquidity Risk Buried In The Footnotes
• Negative Sentiment: Tradr launched a 2x inverse ETF on LITE (ticker LITZ), which makes it easier for traders to bet against or amplify intraday moves — this can increase volatility and shorting pressure during pullbacks. Tradr Debuts Short ETFs on Lumentum and Sandisk

Lumentum Price Performance

Shares of LITE opened at $881.64 on Friday. 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 fifty-two week low of $56.80 and a fifty-two week high of $960.00. The company has a market cap of $62.95 billion, a P/E ratio of 270.44 and a beta of 1.38. The firm's 50 day moving average price is $739.76 and its 200 day moving average price is $462.54.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.41 by $0.26. The business had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company's quarterly revenue was up 65.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, research analysts forecast that Lumentum Holdings Inc. will post 5.87 earnings per share for the current fiscal year.

Insider Activity at Lumentum

In other news, insider Vincent Retort sold 3,441 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The shares were 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 owned 95,975 shares in the company, valued at approximately $52,381,235.50. The trade was a 3.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Wajid Ali sold 5,302 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the transaction, the chief financial officer directly owned 66,287 shares in the company, valued at $45,812,934.31. This trade represents a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 65,775 shares of company stock worth $38,851,343 in the last ninety days. Company insiders own 0.43% of the company's stock.

Lumentum Company 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.

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