Fisher Asset Management LLC Lowers Stock Position in Lumentum Holdings Inc. $LITE

Fisher Asset Management LLC trimmed its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 817,809 shares of the technology company’s stock after selling 2,421 shares during the quarter. Fisher Asset Management LLC owned approximately 1.15% of Lumentum worth $133,066,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LITE. EverSource Wealth Advisors LLC raised its position in shares of Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after acquiring an additional 131 shares in 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 valued at $43,000 after purchasing an additional 96 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in Lumentum in the third quarter valued at about $49,000. Cullen Frost Bankers Inc. purchased a new position in Lumentum in the third quarter valued at about $49,000. Finally, Huntington National Bank raised its holdings in Lumentum by 4,125.0% in the third quarter. Huntington National Bank now owns 338 shares of the technology company’s stock worth $55,000 after purchasing an additional 330 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $783.25 on Tuesday. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $783.80. The business’s 50 day moving average price is $462.66 and its 200 day moving average price is $298.55. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The firm has a market cap of $55.92 billion, a P/E ratio of 240.26 and a beta of 1.38.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data 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 business had revenue of $665.50 million during the quarter, compared to analysts’ expectations of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business’s quarterly revenue was up 65.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, sell-side analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Insider Buying and Selling at Lumentum

In other news, Director Penny Herscher sold 4,849 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $535.48, for a total value of $2,596,542.52. Following the completion of the transaction, the director owned 6,057 shares of the company’s stock, valued at $3,243,402.36. The trade was a 44.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Yuen Wupen sold 3,157 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total value of $1,698,466.00. Following the completion of the sale, the insider owned 88,439 shares in the company, valued at $47,580,182. The trade was a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 65,775 shares of company stock valued at $38,851,343. Company insiders own 0.43% of the company’s stock.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Nvidia committed to invest $2 billion in Lumentum to support R&D and U.S. photonics capacity, a direct strategic partnership that secures demand and funding for Lumentum’s AI-related optics production. WSJ: Nvidia to Invest $2 Billion in Both Lumentum and Coherent
• Positive Sentiment: Coverage across outlets notes the Nvidia deals sent Lumentum shares sharply higher as Nvidia secures optical networking capacity for AI buildouts — a very visible customer commitment that de-risks large-capacity investments. Barron’s: Coherent Stock, Lumentum Soar on Nvidia Deals
• Positive Sentiment: Analyst commentary and sector notes reinforce the upside: JPMorgan and other analysts view Lumentum as a top beneficiary of the multi‑year optics upcycle driven by hyperscaler AI spending; Citi also highlights the company as an attractive “picks-and-shovels” AI supplier. 247WallSt: Even Nvidia Sees Lumentum as Lighting the Way Forward
• Neutral Sentiment: Market commentary places Lumentum within a broader AI-infrastructure rally; sector flows into AI-related optics names are helping shares but represent a macro/theme-driven move rather than company-specific earnings in this instance. Zacks: AI Stocks Gain as Investments Continue to Surge
• Neutral Sentiment: News outlets also simply note that new deals with Nvidia have given Lumentum a near-term boost; this repeats the core development but provides little new detail on timing or contractual terms. Investopedia: Nvidia Investments Send Coherent and Lumentum Stocks Soaring
• Negative Sentiment: Insider selling: CFO Wajid Ali sold 5,302 shares on Feb. 27 for about $3.66M, reducing his stake ~7.4%. Insider sales can be viewed negatively by some investors even though they may reflect diversification or other non-fundamental reasons. SEC Form 4: Wajid Ali Sale

Analysts Set New Price Targets

LITE has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Lumentum to $560.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Bank of America increased their target price on shares of Lumentum to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. UBS Group raised their target price on shares of Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Needham & Company LLC upped their price target on Lumentum to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $478.00.

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.