West Michigan Advisors LLC Has $685,000 Stock Position in Lumentum Holdings Inc. $LITE

24 Apr 2026, 14:08 by Michael Walen · The Markets Daily

West Michigan Advisors LLC decreased its position in Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 33.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,858 shares of the technology company’s stock after selling 945 shares during the period. West Michigan Advisors LLC’s holdings in Lumentum were worth $685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LITE. Arrowstreet Capital Limited Partnership grew its holdings in shares of Lumentum by 8,579.2% in 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 buying an additional 1,545,199 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Lumentum by 707.0% in 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 buying an additional 871,249 shares during the period. Holocene Advisors LP acquired a new position in shares of Lumentum in the 3rd quarter valued at $136,401,000. WT Asset Management Ltd boosted its stake in Lumentum by 170.0% in the 3rd quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock worth $115,558,000 after purchasing an additional 447,208 shares during the period. Finally, FengHe Fund Management Pte. Ltd. acquired a new position in Lumentum in the 3rd quarter worth $71,771,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

More 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

Lumentum Price Performance

Shares of NASDAQ LITE opened at $846.89 on Friday. The company has a fifty day moving average price of $733.38 and a 200 day moving average price of $457.53. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. Lumentum Holdings Inc. has a 1-year low of $55.00 and a 1-year high of $960.00. The firm has a market cap of $60.47 billion, a PE ratio of 259.78 and a beta of 1.38.

Lumentum (NASDAQ:LITE – Get Free Report) last issued 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. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. During the same period in the previous year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Research analysts predict that Lumentum Holdings Inc. will post 5.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Lumentum

In other Lumentum news, insider Yuen Wupen sold 3,157 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the sale, the insider directly owned 88,439 shares of the company’s stock, valued at $47,580,182. The trade was a 3.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Vincent Retort sold 3,441 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 65,775 shares of company stock valued at $38,851,343. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LITE. Northland Securities set a $1,000.00 target price on shares of Lumentum in a research note on Monday. TD Cowen upped their target price on shares of Lumentum from $675.00 to $875.00 and gave the stock a “hold” rating in a research note on Friday, April 10th. Zacks Research lowered shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lumentum in a research note on Tuesday. Finally, Stifel Nicolaus upped 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 equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $757.25.

Check Out Our Latest Report on Lumentum

Lumentum Company Profile

(Free Report)

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.