Ardsley Advisory Partners LP Sells 6,000 Shares of Lumentum Holdings Inc. $LITE

Posted by Brian Himes on Jun 18th, 2026

Ardsley Advisory Partners LP lowered its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 7.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 80,000 shares of the technology company’s stock after selling 6,000 shares during the quarter. Lumentum accounts for about 3.2% of Ardsley Advisory Partners LP’s investment portfolio, making the stock its 4th largest holding. Ardsley Advisory Partners LP’s holdings in Lumentum were worth $29,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Truvestments Capital LLC grew its position in Lumentum by 300.0% during the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after buying an additional 57 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Lumentum during the fourth quarter worth approximately $28,000. Triumph Capital Management acquired a new stake in Lumentum during the fourth quarter worth approximately $30,000. Harbour Investments Inc. grew its position in Lumentum by 675.0% during the fourth quarter. Harbour Investments Inc. now owns 93 shares of the technology company’s stock worth $34,000 after buying an additional 81 shares in the last quarter. Finally, Chesapeake Asset Management LLC acquired a new stake in Lumentum during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Buying and Selling

In other news, Director Ian Small sold 4,954 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total value of $4,300,418.78. Following the completion of the transaction, the director directly owned 21,008 shares in the company, valued at approximately $18,236,414.56. This represents a 19.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Lillie sold 11,951 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $981.64, for a total value of $11,731,579.64. Following the completion of the transaction, the director owned 13,959 shares of the company’s stock, valued at $13,702,712.76. The trade was a 46.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 41,260 shares of company stock worth $38,859,220 in the last ninety days. Insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

LITE has been the topic of a number of research analyst reports. Northland Securities raised their target price on Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. BNP Paribas Exane raised their target price on Lumentum from $1,040.00 to $1,300.00 in a report on Wednesday, May 6th. Stifel Nicolaus raised their target price on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Mizuho set a $1,100.00 target price on Lumentum in a report on Wednesday, May 6th. Finally, Morgan Stanley raised their target price on Lumentum from $710.00 to $900.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.95.

View Our Latest Analysis on LITE

Lumentum Trading Down 0.6%

Shares of LITE stock opened at $869.98 on Thursday. The stock’s fifty day moving average price is $903.17 and its two-hundred day moving average price is $644.68. The company has a market cap of $67.68 billion, a PE ratio of 161.11 and a beta of 1.47. Lumentum Holdings Inc. has a fifty-two week low of $86.57 and a fifty-two week high of $1,085.68. 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 – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating 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 company had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. During the same period in the prior year, the company earned $0.57 EPS. Lumentum’s 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. Equities analysts predict that Lumentum Holdings Inc. will post 6.4 EPS for the current fiscal year.

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.

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.