Pitcairn Co. Invests $683,000 in Lumentum Holdings Inc. $LITE

Pitcairn Co. acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,200 shares of the technology company’s stock, valued at approximately $683,000.

A number of other large investors have also added to or reduced their stakes in the stock. Hood River Capital Management LLC grew its holdings in shares of Lumentum by 82.1% in the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after acquiring an additional 994,551 shares during the period. Norges Bank bought a new position in Lumentum in the second quarter valued at about $82,983,000. WT Asset Management Ltd boosted its position in Lumentum by 170.0% in the third 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 last quarter. FengHe Fund Management Pte. Ltd. purchased a new position in Lumentum in the third quarter worth about $71,771,000. Finally, Channing Capital Management LLC grew its stake in shares of Lumentum by 61.0% during the 2nd quarter. Channing Capital Management LLC now owns 948,334 shares of the technology company’s stock valued at $90,149,000 after purchasing an additional 359,394 shares during the period. Institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $558.44 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The firm has a fifty day moving average price of $482.89 and a 200 day moving average price of $312.07. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $783.80. The firm has a market cap of $39.87 billion, a price-to-earnings ratio of 171.30 and a beta of 1.38.

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

Analyst Ratings Changes

LITE has been the topic of several recent research reports. Rosenblatt Securities increased their price objective on shares of Lumentum to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Morgan Stanley boosted their target price on shares of Lumentum to $520.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. B. Riley Financial raised shares of Lumentum from a “neutral” rating to a “buy” rating and upped their target price for the company from $147.00 to $526.00 in a report on Wednesday, February 4th. Barclays increased their price target on shares of Lumentum to $750.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Finally, Northland Securities set a $350.00 price target on shares of Lumentum in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $513.94.

Insider Transactions at Lumentum

In related news, insider Yuen Wupen sold 3,157 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the completion of the transaction, the insider directly owned 88,439 shares of the company’s stock, valued at approximately $47,580,182. This represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Penny Herscher sold 4,849 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $535.48, for a total value of $2,596,542.52. Following the transaction, the director owned 6,057 shares of the company’s stock, valued at $3,243,402.36. This represents a 44.46% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 65,775 shares of company stock worth $38,851,343. 0.43% of the stock is currently owned by company insiders.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Company reported strong Q2 results and aggressive forward revenue guidance (management guided roughly $780–$830M next quarter) and highlighted accelerating AI infrastructure demand; NVIDIA committed ~$2B and multi?year supply deals that validate lasers/optics as strategic AI infrastructure and support higher margins and backlog (optical circuit switch backlog >$400M). Lumentum’s Massive Run Now Faces A Reality Check
• Positive Sentiment: Major broker notes and analyst commentary have turned bullish, citing the company’s AI exposure and improving fundamentals as reasons for upside. Upgraded/positive analyst commentary can sustain interest from institutional buyers. Analysts Are Bullish on Top Technology Stocks: Jack Henry & Associates (JKHY), Lumentum Holdings (LITE)
• Positive Sentiment: Market pieces note the rally and AI narrative driving momentum—coverage pointing out that LITE is up materially since earnings, which supports continued investor interest and momentum flows. Lumentum Holdings Inc. (LITE) Rallies on AI-Driven Growth Enthusiasm
• Neutral Sentiment: Several analytical/summary articles explain why LITE has climbed (earnings beat, guidance, pipeline) and review estimates — useful for context but not new catalysts. These pieces highlight momentum and valuation questions. Why Is Lumentum (LITE) Up 46.2% Since Last Earnings Report?
• Negative Sentiment: Industry/competitive news: Broadcom’s moves supporting attached copper optics helped some competitors (e.g., Credo) gain, while Lumentum and peers saw near?term weakness—this raises the risk of product/competitive pressure in certain segments. Credo rises, Lumentum, Coherent fall, as Broadcom puts weight behind attached copper
• Negative Sentiment: Insider selling was reported recently and has already been linked with a share price pullback; large insider transactions can trigger short?term selling and signal near?term liquidity/positioning shifts. Lumentum (NASDAQ:LITE) Shares Down 11.2% on Insider Selling

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.