Lumentum Holdings Inc. $LITE Stake Trimmed by Strs Ohio

Strs Ohio lowered its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 94.5% during the fourth quarter, HoldingsChannel reports. The firm owned 1,687 shares of the technology company’s stock after selling 28,956 shares during the period. Strs Ohio’s holdings in Lumentum were worth $622,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Federated Hermes Inc. boosted its position in Lumentum by 7,168.8% during the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock worth $58,958,000 after purchasing an additional 357,367 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Lumentum during the fourth quarter worth approximately $6,755,000. FengHe Fund Management Pte. Ltd. bought a new stake in Lumentum during the third quarter worth approximately $71,771,000. Headwater Capital Co Ltd bought a new stake in Lumentum during the third quarter worth approximately $20,339,000. Finally, China Universal Asset Management Co. Ltd. bought a new stake in Lumentum during the third quarter worth approximately $1,383,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum reported fiscal Q3 earnings that beat estimates, with revenue up 90% year over year on strong cloud and AI demand; the company also said 1.6T transceiver shipments are set to ramp in fiscal Q4. Article Title
• Positive Sentiment: Several analysts turned constructive on Lumentum, including Craig Hallum raising its price target to $1,150, Barclays lifting its target to $1,000, Loop Capital boosting its target to $1,400, and Rothschild Redburn initiating coverage with a Buy rating and a $1,270 target.
• Positive Sentiment: Other note writers, including JPMorgan and BNP Paribas Exane, also issued upbeat outlooks, reinforcing the view that demand is exceeding supply and that the company remains well positioned in AI and cloud optics.
• Neutral Sentiment: One market report said the stock was among several technology names with conflicted analyst views, suggesting investors are still weighing valuation against growth expectations. Article Title
• Negative Sentiment: Despite the strong fundamentals, Lumentum shares slipped intraday as the AI optics trade cooled, with peers like Coherent and Applied Optoelectronics also falling sharply, pointing to sector profit-taking rather than company-specific weakness. Article Title

Lumentum Stock Up 1.2%

LITE opened at $903.12 on Friday. Lumentum Holdings Inc. has a 1-year low of $63.98 and a 1-year high of $1,021.00. The company has a current ratio of 1.14, a quick ratio of 0.45 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $70.26 billion, a price-to-earnings ratio of 167.24 and a beta of 1.53. The business has a 50 day moving average of $776.13 and a 200-day moving average of $502.93.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The company had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. During the same period in the prior year, the business earned $0.57 earnings per share. Lumentum’s revenue for the quarter was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, sell-side analysts anticipate that Lumentum Holdings Inc. will post 5.95 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LITE shares. Morgan Stanley upped their target price on Lumentum from $710.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Raymond James Financial reaffirmed an “outperform” rating and set a $1,014.00 target price on shares of Lumentum in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on Lumentum from $950.00 to $1,130.00 and gave the stock an “overweight” rating in a research report on Wednesday. Rosenblatt Securities upped their target price on Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Needham & Company LLC upped their target price on Lumentum from $880.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and a consensus price target of $1,003.75.

Insiders Place Their Bets

In related news, CFO Wajid Ali sold 5,302 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the transaction, the chief financial officer directly owned 66,287 shares in the company, valued at approximately $45,812,934.31. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Penny Herscher sold 4,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director owned 2,057 shares of the company’s stock, valued at $1,228,625.53. The trade was a 66.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 60,926 shares of company stock valued at $36,254,801 over the last ninety days. 0.43% of the stock is owned by insiders.

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.