Profund Advisors LLC Acquires New Shares in Lumentum Holdings Inc. $LITE

Profund Advisors LLC acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,604 shares of the technology company’s stock, valued at approximately $261,000.

A number of other hedge funds also recently added to or reduced their stakes in LITE. UMB Bank n.a. grew its position in shares of Lumentum by 11.2% during the third quarter. UMB Bank n.a. now owns 920 shares of the technology company’s stock worth $150,000 after acquiring an additional 93 shares during the last quarter. MAI Capital Management boosted its stake in Lumentum by 27.0% during the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after purchasing an additional 96 shares during the period. KLP Kapitalforvaltning AS grew its position in Lumentum by 0.7% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 15,171 shares of the technology company’s stock worth $2,468,000 after purchasing an additional 100 shares during the last quarter. Amalgamated Bank increased its stake in shares of Lumentum by 0.3% in the third quarter. Amalgamated Bank now owns 31,871 shares of the technology company’s stock valued at $5,186,000 after purchasing an additional 108 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Lumentum by 0.7% during the second quarter. Thrivent Financial for Lutherans now owns 16,340 shares of the technology company’s stock valued at $1,553,000 after buying an additional 115 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Beat-and-raise quarter: Lumentum reported a large beat — non-GAAP EPS of $1.67 and revenue roughly $665.5M (up ~65% YoY) with an expanding optical circuit switch backlog and raised forward expectations, supporting the growth narrative for AI/data-center optics. Strong Earnings Momentum and Investor Optimism Lifted Lumentum Holdings (LITE) in Q4
• Positive Sentiment: AI/optics tailwinds and bullish media coverage are amplifying enthusiasm: multiple outlets highlight Lumentum as a key supplier for ultra-high-speed AI data links and project continued rapid revenue/earnings growth. Prediction: This Could Be the Best-Performing AI Chip Stock of 2026
• Positive Sentiment: Momentum trade and price action: LITE recently rallied on optics/AI rotation (coverage notes a near‑8% lift during the AI optics boom), which has attracted short‑term momentum buyers. Lumentum Leaps Nearly 8% During AI Optics Boom
• Neutral Sentiment: Analyst view vs. valuation: Analysts remain generally bullish on fundamentals and project sharp earnings growth, but some coverage flags valuation concerns — consensus targets in some places are below the current share price, suggesting limited upside for some investors. 3 High-Growth Unknowns in Photonics That Are Vital for AI
• Neutral Sentiment: Operational notes: Coverage mentions strong backlog but also some manufacturing/backend bottlenecks to navigate — a potential timing risk for shipment/gross-margin improvement. 3 High-Growth Unknowns in Photonics That Are Vital for AI
• Negative Sentiment: Large insider selling: Director Penny Herscher sold 4,000 shares (~$2.39M) on Feb. 12; the SEC Form 4 is filed. Insider sales of this size after a big run can signal profit-taking and increase selling pressure. Penny Herscher Form 4
• Negative Sentiment: Material insider sale by senior insider: Vincent Retort sold 45,026 shares (~$26.6M) on Feb. 12, reducing his holdings by ~30%. That large, public sale is likely contributing to downward pressure and investor caution. Vincent Retort Form 4

Lumentum Trading Down 3.6%

Shares of Lumentum stock opened at $562.74 on Friday. The business has a fifty day simple moving average of $393.19 and a 200-day simple moving average of $254.81. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $603.83. The firm has a market cap of $40.18 billion, a price-to-earnings ratio of 172.62 and a beta of 1.51. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06.

Lumentum (NASDAQ:LITE) last released its 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. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The firm had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. During the same period in the previous year, the company earned $0.42 earnings per share. Lumentum’s revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, equities analysts forecast that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LITE. Northland Securities set a $350.00 price objective on Lumentum in a report on Wednesday, December 3rd. JPMorgan Chase & Co. increased their price target on Lumentum to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Wolfe Research reissued an “outperform” rating and set a $240.00 price target on shares of Lumentum in a report on Wednesday, November 5th. Morgan Stanley upped their price objective on shares of Lumentum to $350.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Finally, B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and increased their target price for the company from $147.00 to $526.00 in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $444.94.

Insider Buying and Selling at Lumentum

In other Lumentum news, Director Penny Herscher sold 4,000 shares of Lumentum stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $597.29, for a total value of $2,389,160.00. Following the transaction, the director owned 2,057 shares in the company, valued at approximately $1,228,625.53. The trade was a 66.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jae Kim sold 170 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $246.00, for a total value of $41,820.00. Following the sale, the senior vice president owned 38,400 shares of the company’s stock, valued at $9,446,400. This trade represents a 0.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 61,055 shares of company stock valued at $33,457,956. Corporate insiders own 0.43% of the company’s stock.

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.