Lumentum Holdings Inc. $LITE Stock Position Lowered by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 14.7% in the third quarter, Holdings Channel.com reports. The fund owned 17,740 shares of the technology company’s stock after selling 3,060 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Lumentum were worth $17,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of LITE. Parcion Private Wealth LLC increased its stake in Lumentum by 6.2% in the 3rd quarter. Parcion Private Wealth LLC now owns 602 shares of the technology company’s stock worth $585,000 after acquiring an additional 35 shares during the last quarter. Soltis Investment Advisors LLC grew its holdings in shares of Lumentum by 15.1% during the 3rd quarter. Soltis Investment Advisors LLC now owns 374 shares of the technology company’s stock valued at $363,000 after purchasing an additional 49 shares during the last quarter. Choreo LLC grew its stake in shares of Lumentum by 15.1% during the third quarter. Choreo LLC now owns 1,999 shares of the technology company’s stock valued at $1,942,000 after buying an additional 262 shares during the last quarter. Willner & Heller LLC increased its stake in Lumentum by 83.6% in the 3rd quarter. Willner & Heller LLC now owns 595 shares of the technology company’s stock worth $578,000 after purchasing an additional 271 shares during the period. Finally, Interchange Capital Partners LLC increased its stake in shares of Lumentum by 30.0% in the third quarter. Interchange Capital Partners LLC now owns 563 shares of the technology company’s stock worth $538,000 after buying an additional 130 shares during the period. Institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

Shares of Lumentum stock opened at $840.70 on Friday. Lumentum Holdings Inc. has a 52 week low of $184.20 and a 52 week high of $1,143.00. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $76.15 billion, a price-to-earnings ratio of -10.23 and a beta of 1.53. The stock’s 50-day simple moving average is $922.90 and its 200-day simple moving average is $795.00.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. The business’s quarterly revenue was up 109.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, analysts expect that Lumentum Holdings Inc. will post 19.79 earnings per share for the current fiscal year.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Marvell Technology reportedly remains in advanced discussions to acquire Lumentum, potentially valuing the optical-components company at roughly $83 billion. A transaction could provide takeover support for LITE and combine Lumentum’s photonics assets with Marvell’s AI data-center networking business. However, the talks remain unconfirmed. Marvell Is Said to Near Deal for Lumentum
• Positive Sentiment: Lumentum’s fundamental AI investment case remains strong. Recent results showed approximately $1.01 billion in quarterly revenue, up 109% year over year, and adjusted earnings of $3.23 per share. Management also projected current-quarter revenue of $1.225 billion to $1.275 billion, above Wall Street expectations. Record cloud-transceiver shipments and the rollout of 1.6T products are supporting demand. LITE’s Transceivers Gain From AI Infrastructure Demand
• Neutral Sentiment: Lumentum’s lasers and optical components are increasingly important as AI clusters outgrow copper-based connectivity. NVIDIA’s $2 billion investment and purchase commitment further validate the strategy, although the stock’s sharp multimonth rally has made portfolio concentration and valuation key considerations. Lumentum’s 680% Run Created a New Portfolio Problem
• Negative Sentiment: Investors are increasingly concerned that Big Tech earnings could signal slower or more disciplined hyperscaler capital spending, pressuring the entire AI-optics supply chain. Lumentum is also vulnerable to deal uncertainty: a large, potentially all-stock Marvell transaction could create dilution and integration risk, while failure to reach an agreement would remove a near-term takeover catalyst. Hyperscaler Spending Fears Hit AI Optics Stocks

Wall Street Analysts Forecast Growth

A number of research firms have commented on LITE. Evercore started coverage on Lumentum in a research report on Monday, August 31st. They set an “outperform” rating and a $1,100.00 price target for the company. Bank of America cut their price target on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings cut shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. Wolfe Research reiterated an “outperform” rating on shares of Lumentum in a report on Friday, August 21st. Finally, Jefferies Financial Group boosted their target price on shares of Lumentum from $1,200.00 to $1,250.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,080.83.

Insider Activity

In other Lumentum news, CFO Wajid Ali sold 24,542 shares of Lumentum stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total transaction of $25,732,287.00. Following the completion of the transaction, the chief financial officer directly owned 75,074 shares of the company’s stock, valued at $78,715,089. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 307 shares of the company’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total transaction of $290,115.00. Following the transaction, the insider owned 108,320 shares in the company, valued at $102,362,400. The trade was a 0.28% 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 have sold a total of 94,496 shares of company stock worth $85,978,498 over the last 90 days. Corporate insiders own 0.28% of the company’s stock.

Lumentum Profile

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.