Styrax Capital LP Takes Position in Lumentum Holdings Inc. $LITE

Styrax Capital LP purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 135,163 shares of the technology company’s stock, valued at approximately $49,820,000. Lumentum comprises about 3.8% of Styrax Capital LP’s investment portfolio, making the stock its 10th largest position.

A number of other large investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings 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 valued at $27,000 after buying an additional 131 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Lumentum during the 4th quarter valued at about $28,000. Truvestments Capital LLC raised its holdings in shares of Lumentum by 300.0% during the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after buying an additional 57 shares in the last quarter. Triumph Capital Management purchased a new position in shares of Lumentum during the 4th quarter valued at about $30,000. Finally, Danske Bank A S purchased a new position in shares of Lumentum during the 3rd quarter valued at about $33,000. Institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

Shares of LITE stock opened at $875.36 on Wednesday. The firm has a market cap of $68.10 billion, a P/E ratio of 162.10 and a beta of 1.47. Lumentum Holdings Inc. has a fifty-two week low of $83.59 and a fifty-two week high of $1,085.68. The business’s 50 day moving average price is $901.22 and its 200-day moving average price is $640.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. During the same period last year, the company earned $0.57 EPS. The business’s quarterly revenue was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities research analysts anticipate that Lumentum Holdings Inc. will post 6.49 earnings per share for the current year.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analysts and market commentary continue to highlight Lumentum as a strong AI infrastructure play, citing expanding margins, improving demand visibility, and growth in optical networking as reasons the stock still has runway. Article Title
• Positive Sentiment: A separate note said Lumentum tops Broadcom as an AI infrastructure stock, pointing to faster near-term upside from AI-driven optical networking demand and margin expansion. Article Title
• Positive Sentiment: Fund commentary from Columbia Threadneedle highlighted Lumentum as a contributor to performance in the first quarter, reinforcing investor interest in the name after its strong operating results. Article Title
• Neutral Sentiment: Lumentum’s chair and CEO are scheduled to participate in a Rome conference on AI, ethics, and governance, which may support visibility but does not appear to be a major near-term business catalyst. Article Title
• Negative Sentiment: Despite the bullish AI narrative, broader market coverage noted Lumentum as one of the day’s weaker movers, suggesting traders may be taking profits after a strong run-up and reacting to valuation concerns. Article Title

Insider Activity at Lumentum

In related news, Director Isaac Hosojiro Harris sold 1,416 shares of Lumentum stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the sale, the director directly owned 6,984 shares in the company, valued at $6,984,558.72. The trade was a 16.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian Small sold 4,954 shares of Lumentum stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $868.07, for a total value of $4,300,418.78. Following the sale, the director owned 21,008 shares in the company, valued at $18,236,414.56. This represents a 19.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,260 shares of company stock valued at $38,859,220 over the last ninety days. Insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

LITE has been the topic of a number of research reports. Rosenblatt Securities raised their price objective on Lumentum from $900.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. TD Cowen raised their price objective on Lumentum from $875.00 to $995.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Raymond James Financial reissued an “outperform” rating and set a $1,014.00 price objective on shares of Lumentum in a report on Wednesday, May 6th. Finally, Northland Securities raised their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.95.

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.