Lumentum Holdings Inc. $LITE Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 7,388,774 shares of the technology company’s stock after selling 96,508 shares during the period. Vanguard Group Inc. owned 0.10% of Lumentum worth $2,723,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Veracity Capital LLC raised its position in shares of Lumentum by 7.7% in the fourth quarter. Veracity Capital LLC now owns 3,047 shares of the technology company’s stock worth $1,123,000 after acquiring an additional 219 shares during the period. Concurrent Investment Advisors LLC acquired a new position in shares of Lumentum in the fourth quarter worth about $462,000. Virtus Wealth Solutions LLC acquired a new position in shares of Lumentum in the fourth quarter worth about $1,080,000. China Universal Asset Management Co. Ltd. raised its position in shares of Lumentum by 34.1% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 11,399 shares of the technology company’s stock worth $4,202,000 after acquiring an additional 2,899 shares during the period. Finally, Rakuten Securities Inc. raised its position in shares of Lumentum by 4,794.1% in the fourth quarter. Rakuten Securities Inc. now owns 2,496 shares of the technology company’s stock worth $920,000 after acquiring an additional 2,445 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Stock Down 7.9%

Shares of NASDAQ LITE opened at $791.37 on Wednesday. Lumentum Holdings Inc. has a 12-month low of $56.80 and a 12-month high of $960.00. The stock has a market cap of $56.50 billion, a PE ratio of 242.75 and a beta of 1.38. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $749.51 and a 200 day moving average of $476.24.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company had revenue of $665.50 million during the quarter, compared to analysts’ expectations of $646.74 million. During the same quarter in the prior year, the company earned $0.42 EPS. 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. As a group, sell-side analysts predict that Lumentum Holdings Inc. will post 5.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on LITE. Needham & Company LLC upped their price objective on shares of Lumentum from $880.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Zacks Research downgraded shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Susquehanna upped their price objective on shares of Lumentum from $550.00 to $1,100.00 and gave the stock a “positive” rating in a research report on Monday, April 20th. Morgan Stanley upped their price objective on shares of Lumentum from $595.00 to $710.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Finally, TD Cowen upped their price objective on shares of Lumentum from $675.00 to $875.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and an average target price of $757.25.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Northland raised its price target to $1,000 (from $775) and kept an Outperform rating, citing accelerating demand for AI optical connectivity and higher supplier estimates — a clear vote of confidence for Lumentum’s growth trajectory. Northland Raises its Price Target on Lumentum (LITE) to $1,000
• Positive Sentiment: Investor commentary (Seeking Alpha) argues the company’s lasers and transceivers remain central to 1.6T/3.2T data-center builds and that strong fundamentals could support further upside despite the recent run-up. Lumentum Stock: Why I’m Buying In After A 1300% Run-Up
• Positive Sentiment: Institutional accumulation data show large buyers (e.g., FMR, UBS) adding significant positions in recent quarters, which supports demand for shares from long-term holders. (Data reported alongside market-coverage articles.) Lumentum slides as AI/tech selloff and pre-earnings positioning hit highfliers
• Neutral Sentiment: Zacks and other previews highlight strong demand for 1.6T transceivers driving revenue upside, but note rising competition and valuation questions — important context for earnings but mixed for immediate price action. Lumentum Gains From Traction in Transceivers: What’s Ahead?
• Neutral Sentiment: Multiple previews note an upcoming earnings report (May 5 after the close) where Street expects EPS growth — this creates event risk (volatility) but also a potential catalyst for further moves depending on results. Lumentum (LITE) Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: A sharp pullback on April 28 was driven by a broader AI/tech selloff and pre-earnings de-risking; the stock’s large YTD gains make it vulnerable to profit-taking. Lumentum slides as AI/tech selloff and pre-earnings positioning hit highfliers
• Negative Sentiment: Quiver highlights extensive insider selling (multiple executives selling shares over months), which may concern some investors even as insiders can sell for many reasons. Lumentum slides as AI/tech selloff and pre-earnings positioning hit highfliers

Insider Buying and Selling at Lumentum

In related news, insider Vincent Retort sold 3,441 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the completion of the sale, the insider owned 95,975 shares of the company’s stock, valued at approximately $52,381,235.50. This represents a 3.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Wajid Ali sold 5,302 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the sale, the chief financial officer directly owned 66,287 shares of the company’s stock, valued at approximately $45,812,934.31. This represents a 7.41% decrease in their position. 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 in the last 90 days. 0.43% of the stock is currently owned by insiders.

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.