30,866 Shares in Lumentum Holdings Inc. $LITE Bought by LGT Group Foundation

LGT Group Foundation purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,866 shares of the technology company’s stock, valued at approximately $5,290,000.

Several other institutional investors have also added to or reduced their stakes in LITE. Vanguard Group Inc. grew its holdings in Lumentum by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock worth $1,217,930,000 after acquiring an additional 41,975 shares during the last quarter. Hood River Capital Management LLC raised its stake in shares of Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after acquiring an additional 994,551 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Lumentum by 0.8% during the second quarter. Geode Capital Management LLC now owns 1,260,940 shares of the technology company’s stock worth $119,884,000 after purchasing an additional 10,027 shares during the period. Channing Capital Management LLC boosted its holdings in shares of Lumentum by 61.0% during the second quarter. Channing Capital Management LLC now owns 948,334 shares of the technology company’s stock worth $90,149,000 after purchasing an additional 359,394 shares during the period. Finally, Schroder Investment Management Group grew its stake in shares of Lumentum by 1.9% in the second quarter. Schroder Investment Management Group now owns 881,813 shares of the technology company’s stock worth $83,825,000 after purchasing an additional 16,200 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Transactions at Lumentum

In other news, insider Yuen Wupen sold 3,157 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total value of $1,698,466.00. Following the completion of the transaction, the insider owned 88,439 shares in the company, valued at $47,580,182. This trade represents a 3.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Vincent Retort sold 45,026 shares of Lumentum stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $591.32, for a total value of $26,624,774.32. Following the sale, the insider owned 102,455 shares in the company, valued at $60,583,690.60. This represents a 30.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,775 shares of company stock worth $38,851,343 over the last 90 days. 0.43% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LITE has been the topic of a number of research analyst reports. B. Riley Financial upgraded Lumentum from a “neutral” rating to a “buy” rating and boosted their price target for the company from $147.00 to $526.00 in a report on Wednesday, February 4th. Stifel Nicolaus increased their price objective on Lumentum to $800.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lumentum in a research report on Monday, December 29th. Morgan Stanley boosted their target price on Lumentum to $520.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Finally, Susquehanna upped their target price on Lumentum to $550.00 and gave the company a “positive” rating in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $513.94.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $640.69 on Tuesday. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $783.80. The stock has a market capitalization of $45.75 billion, a P/E ratio of 196.53 and a beta of 1.38. The company’s 50-day moving average is $488.25 and its 200 day moving average is $317.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.41 by $0.26. The business had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. Lumentum’s quarterly revenue was up 65.5% compared to the same quarter last year. During the same period last year, the business posted $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, sell-side analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Rosenblatt raised its price target sharply to $900 (from $580) and kept a Buy rating, citing stronger forward earnings expectations tied to the NVIDIA relationship — a clear vote of confidence that can attract momentum buyers and institutional interest. Rosenblatt Bullish Report
• Positive Sentiment: NVIDIA announced a strategic partnership and a roughly $2 billion private placement in Lumentum — this is both a strategic endorsement of Lumentum’s optics technology and a material capital infusion that supports growth plans. NVIDIA Partnership / $2B Investment
• Positive Sentiment: S&P 500 inclusion (part of a recent rebalancing) creates forced buying from index-tracking funds ahead of the effective date — a predictable, near-term demand catalyst that often front-runs with active trading. S&P Rebalance Coverage
• Positive Sentiment: Short-term technical/volume action: the stock jumped sharply after last week’s optics-sector sell-off (reports of ~15% moves), consistent with short-covering and traders front-running index flows. This amplifies momentum in the near term. Market Momentum Report
• Neutral Sentiment: Underlying fundamentals are supportive: Lumentum reported a strong quarter (revenue +65.5% YoY and an EPS beat), and provided solid guidance — factors that justify higher valuation if growth persists. Earnings Report
• Negative Sentiment: Valuation and execution risk: analysts and note pieces warn Lumentum trades at a premium (e.g., high P/S and rich multiples). That leaves downside if the NVIDIA deal or index-driven demand fades, or if growth decelerates. Valuation Note

Lumentum Company 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.