Lumentum Holdings Inc. $LITE Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 17.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 33,013 shares of the technology company’s stock after selling 6,972 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Lumentum were worth $5,372,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of Lumentum by 363.9% in the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after buying an additional 131 shares during the last quarter. MAI Capital Management boosted its position in Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after acquiring an additional 96 shares during the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in Lumentum in the 3rd quarter worth approximately $49,000. Cullen Frost Bankers Inc. purchased a new stake in Lumentum in the 3rd quarter worth approximately $49,000. Finally, Huntington National Bank raised its holdings in Lumentum by 4,125.0% in the 3rd quarter. Huntington National Bank now owns 338 shares of the technology company’s stock valued at $55,000 after acquiring an additional 330 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Nvidia strategic deal — Nvidia committed $2 billion to Lumentum to accelerate optics R&D and U.S. production capacity, a direct customer commitment that de‑risks large capital expansion and secures high‑margin AI demand. Read More.
• Positive Sentiment: Analyst/sector framing — JPMorgan, Citi and other outlets are highlighting Lumentum as a primary beneficiary of the multi‑year optics upcycle from hyperscaler AI spending, which supports longer‑term revenue visibility. Read More.
• Positive Sentiment: Price‑target lift — Barclays raised its price target to $750 (Equal Weight), signaling incremental analyst confidence in valuation upside even as it keeps a neutral stance. Read More.
• Neutral Sentiment: Theme‑driven move — Multiple outlets note that recent gains are part of a broader AI‑infrastructure rally; that flow can amplify moves but is more macro/theme driven than a fresh company earnings trigger. Read More.
• Neutral Sentiment: Investor presentation availability — Lumentum’s Morgan Stanley conference transcript provides management commentary for investors but didn’t introduce new catalysts to change the near‑term outlook. Read More.
• Negative Sentiment: Profit‑taking after a surge — After the Nvidia headlines sent optics names higher, some traders trimmed positions; headlines report Lumentum shares fell materially in a short‑term pullback as investors locked gains. Read More.
• Negative Sentiment: High‑profile caution — TV commentator Jim Cramer advised selling rather than buying after the runup, which can amplify short‑term retail outflows. Read More.
• Negative Sentiment: Insider selling — CFO Wajid Ali sold 5,302 shares (~$3.66M) late February; while common for executives to trim, investors often view such sales as a near‑term negative signal. Read More.

Insider Buying and Selling

In other Lumentum news, CFO Wajid Ali sold 5,302 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 66,287 shares of the company’s stock, valued at $45,812,934.31. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Vincent Retort sold 3,441 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total value of $1,878,028.98. Following the completion of the sale, the insider directly owned 95,975 shares of the company’s stock, valued at $52,381,235.50. The trade was a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,775 shares of company stock valued at $38,851,343 in the last 90 days. 0.43% of the stock is currently owned by company insiders.

Lumentum Stock Performance

NASDAQ LITE opened at $694.43 on Wednesday. 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 Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $783.80. The firm has a market capitalization of $49.58 billion, a P/E ratio of 213.02 and a beta of 1.38. The business’s 50-day simple moving average is $468.80 and its 200-day simple moving average is $302.62.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.41 by $0.26. The firm had revenue of $665.50 million for 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 revenue for the quarter was up 65.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Equities analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LITE. JPMorgan Chase & Co. raised their price objective on Lumentum to $565.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. B. Riley Financial raised Lumentum from a “neutral” rating to a “buy” rating and raised their price target for the stock from $147.00 to $526.00 in a research note on Wednesday, February 4th. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Barclays increased their price objective on shares of Lumentum to $750.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Needham & Company LLC raised their target price on shares of Lumentum to $850.00 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five 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 price target of $513.94.

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.