Zurcher Kantonalbank Zurich Cantonalbank Trims Stock Position in Lumentum Holdings Inc. $LITE

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 98.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,076 shares of the technology company’s stock after selling 1,200,532 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Lumentum were worth $8,137,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in LITE. Arrowstreet Capital Limited Partnership increased its position in Lumentum by 8,579.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after purchasing an additional 1,545,199 shares during the period. Assenagon Asset Management S.A. increased its position in Lumentum by 707.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock valued at $366,555,000 after purchasing an additional 871,249 shares during the period. Holocene Advisors LP purchased a new position in Lumentum during the 3rd quarter valued at $136,401,000. WT Asset Management Ltd increased its position in Lumentum by 170.0% during the 3rd quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock valued at $115,558,000 after purchasing an additional 447,208 shares during the period. Finally, FengHe Fund Management Pte. Ltd. purchased a new position in Lumentum during the 3rd quarter valued at $71,771,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LITE. B. Riley Financial raised shares of Lumentum from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $147.00 to $526.00 in a research report on Wednesday, February 4th. Citigroup boosted their target price on shares of Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Lumentum in a report on Tuesday. Needham & Company LLC boosted their target price on shares of Lumentum from $880.00 to $1,040.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Northland Securities set a $1,000.00 target price on shares of Lumentum in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Lumentum currently has a consensus rating of “Moderate Buy” and an average price target of $757.25.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Needham raised its price target to $1,040, a clear signal of stronger upside expectations from a sell-side shop and a likely contributor to buying interest. Needham & Company LLC Boosts Lumentum (NASDAQ:LITE) Price Target to $1,040.00
• Positive Sentiment: Northland Securities materially raised FY2027 EPS estimates (to $14.59 from $10.69) and published updated quarterly forecasts — this repricing of future earnings lifts investor expectations and supports the rally. Northland Securities Comments on Lumentum Q1 Earnings
• Positive Sentiment: Management and coverage note that demand is extremely strong — Lumentum says it’s sold out through 2027, underscoring capacity constraints and multi-year revenue visibility that traders view as a major tailwind. ?Lumentum Holdings (LITE) Sold Out Through 2027 on High Demand
• Positive Sentiment: Coverage is shifting to AI networking optics and large customer commitments (including Nvidia-related demand), reframing Lumentum from telecom cyclical to AI-driven growth, which supports higher valuations. How The Lumentum Holdings (LITE) Story Is Shifting With AI Optics And Nvidia Commitments
• Neutral Sentiment: Media noted an immediate market reaction — Lumentum traded notably higher after analyst upgrades — this reflects sentiment momentum but not new fundamental data by itself. Lumentum (NASDAQ:LITE) Trading 4.4% Higher After Analyst Upgrade
• Negative Sentiment: A Seeking Alpha piece flags a “hidden liquidity risk” in the footnotes — investors should read the analysis to assess whether contingent liabilities or financing language could create downside surprises. Lumentum: A Hidden Liquidity Risk Buried In The Footnotes
• Negative Sentiment: Tradr launched 2x inverse and inverse single-stock ETFs on LITE (and Sandisk); these products make it easier for traders to express bearish bets and can increase intraday volatility and short pressure. Tradr Debuts Short ETFs on Lumentum and Sandisk

Insider Activity

In related 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 transaction, the insider owned 88,439 shares in the company, valued at $47,580,182. The trade was a 3.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Penny Herscher sold 4,849 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $535.48, for a total transaction of $2,596,542.52. Following the completion of the transaction, the director owned 6,057 shares in the company, valued at approximately $3,243,402.36. The trade was a 44.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 65,775 shares of company stock worth $38,851,343. 0.43% of the stock is currently owned by company insiders.

Lumentum Stock Performance

Shares of LITE stock opened at $846.89 on Friday. Lumentum Holdings Inc. has a 12 month low of $55.00 and a 12 month high of $960.00. The stock has a market cap of $60.47 billion, a PE ratio of 259.78 and a beta of 1.38. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average price is $733.38 and its 200-day moving average price is $457.53.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (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 net margin of 11.95% and a return on equity of 17.27%. Lumentum’s revenue was up 65.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, equities analysts expect that Lumentum Holdings Inc. will post 5.87 EPS for the current fiscal 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.