WT Asset Management Ltd Cuts Stock Holdings in Lumentum Holdings Inc. $LITE

Key Points

• WT Asset Management Ltd reduced its stake in Lumentum by 29.8% in Q4, selling 211,790 shares to hold 498,418 shares (about 0.70% of Lumentum) and making the stock 7.3% of its portfolio as the firm's third‑largest position.
• Company insiders have been net sellers, disposing of a total of 65,775 shares worth $38.85 million in the last 90 days, including recent sales by Yuen Wupen and Vincent Retort, leaving insiders with roughly 0.43% ownership.
• Lumentum posted a strong quarter (EPS $1.67 vs. $1.41 expected; revenue up 65.5% YoY) and set Q3 2026 guidance of $2.15–$2.35 EPS, while multiple analysts raised price targets and the consensus rating is a “Moderate Buy” with an average target of $757.25.

WT Asset Management Ltd reduced its stake in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 29.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 498,418 shares of the technology company's stock after selling 211,790 shares during the quarter. Lumentum accounts for 7.3% of WT Asset Management Ltd's portfolio, making the stock its 3rd largest position. WT Asset Management Ltd owned approximately 0.70% of Lumentum worth $183,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company's stock valued at $27,000 after acquiring an additional 131 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Lumentum in the 4th quarter valued at $28,000. Danske Bank A S bought a new stake in Lumentum in the 3rd quarter valued at $33,000. Chesapeake Asset Management LLC bought a new stake in Lumentum during the 4th quarter worth about $37,000. Finally, BOCHK Asset Management Ltd bought a new stake in Lumentum during the 4th quarter worth about $37,000. 94.05% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Yuen Wupen sold 3,157 shares of the company's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the sale, the insider directly owned 88,439 shares of the company's stock, valued at approximately $47,580,182. This represents a 3.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vincent Retort sold 3,441 shares of the company's stock in a transaction dated 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 directly owned 95,975 shares in the company, valued at approximately $52,381,235.50. The trade was a 3.46% 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 valued at $38,851,343 in the last 90 days. 0.43% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LITE has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Lumentum to $950.00 and gave the stock an "overweight" rating in a research report on Thursday, April 9th. UBS Group boosted their price target 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. Mizuho boosted their price target on shares of Lumentum from $750.00 to $930.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 8th. Northland Securities set a $1,000.00 price target on shares of Lumentum in a research report on Monday. Finally, Bank of America boosted their price target on shares of Lumentum to $520.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $757.25.

Key Headlines Impacting Lumentum

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 Stock Up 4.1%

Shares of LITE stock opened at $881.64 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The firm's 50-day moving average is $739.76 and its 200-day moving average is $462.54. The stock has a market cap of $62.95 billion, a price-to-earnings ratio of 270.44 and a beta of 1.38. Lumentum Holdings Inc. has a 52-week low of $56.80 and a 52-week high of $960.00.

Lumentum (NASDAQ:LITE - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating 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 net margin of 11.95% and a return on equity of 17.27%. Lumentum's quarterly revenue was up 65.5% compared to the same quarter last year. 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. Sell-side analysts predict that Lumentum Holdings Inc. will post 5.87 EPS for the current year.

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.

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