South Dakota Investment Council Buys New Shares in Lumentum Holdings Inc. $LITE

South Dakota Investment Council purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the 3rd quarter, Holdings Channel reports. The firm purchased 6,000 shares of the technology company’s stock, valued at approximately $976,000.

A number of other large investors also recently modified their holdings of LITE. EverSource Wealth Advisors LLC increased 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 acquiring an additional 131 shares during the last quarter. MAI Capital Management grew its stake in Lumentum by 27.0% in 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. acquired a new position in shares of Lumentum during the 3rd quarter worth approximately $49,000. Cullen Frost Bankers Inc. acquired a new position in shares of Lumentum during the 3rd quarter worth approximately $49,000. Finally, Huntington National Bank raised its stake in shares of Lumentum by 4,125.0% during the 3rd 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. 94.05% of the stock is currently owned by institutional investors and hedge funds.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Big-picture AI catalyst: coverage and headlines point to strong investor enthusiasm after Lumentum’s strategic ties to NVIDIA and the broader AI optics narrative, driving renewed buying interest. Lumentum Holdings Inc. (LITE) Rallies on AI-Driven Growth Enthusiasm
• Positive Sentiment: Analyst upgrades/price-target lifts: Needham and other brokerages have raised ratings and targets (Needham to $850), underpinning the rally by giving institutional validation to Lumentum’s AI optics story. Wall Street just gave this Nvidia-backed stock a massive price target boost
• Positive Sentiment: Street bullishness / forecasts: Barclays and other outlets are flagging strong upside potential and high conviction among analysts, which supports momentum flows and institutional interest. Barclays Forecasts Strong Price Appreciation for Lumentum (NASDAQ:LITE) Stock
• Neutral Sentiment: Momentum and market context: coverage explains recent big moves (up ~46% since earnings and notable one‑week gains), i.e., strong earnings + AI positioning created momentum that traders are now digesting. Why Is Lumentum (LITE) Up 46.2% Since Last Earnings Report? Lumentum (LITE) Is Up 4.96% in One Week: What You Should Know
• Negative Sentiment: Insider selling headline: reports of recent insider sales and a headline noting an ~11% drop tied to insider selling are pressuring sentiment and raise questions about timing and executive liquidity. Lumentum (NASDAQ:LITE) Shares Down 11.2% on Insider Selling
• Negative Sentiment: Short-term rotation / sector competition: some intraday weakness is attributed to sector moves (Broadcom/attached-copper narrative) and stock‑specific profit-taking after the initial AI-fueled surge. Credo rises, Lumentum, Coherent fall, as Broadcom puts weight behind attached copper
• Negative Sentiment: Volatility tied to NVIDIA financing terms: follow-up commentary notes profit-taking and questions around the structure/dilution of the disclosed NVIDIA preferred-stock financing — a driver of the post‑rally pullback. Lumentum slides as Nvidia-deal enthusiasm fades and investors digest financing terms

Insider Transactions at Lumentum

In other news, CFO Wajid Ali sold 5,302 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the sale, the chief financial officer owned 66,287 shares of the company’s stock, valued at approximately $45,812,934.31. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Penny Herscher sold 4,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $597.29, for a total transaction of $2,389,160.00. Following the completion of the transaction, the director owned 2,057 shares in the company, valued at $1,228,625.53. This trade represents a 66.04% decrease in their ownership of the stock. 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 over the last ninety days. Corporate insiders own 0.43% of the company’s stock.

Lumentum Trading Down 4.4%

Shares of LITE stock opened at $650.82 on Friday. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $783.80. The company has a market capitalization of $46.47 billion, a PE ratio of 199.64 and a beta of 1.38. The firm has a 50 day moving average price of $479.54 and a two-hundred day moving average price of $307.67. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Lumentum to $520.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Needham & Company LLC lifted their price objective on shares of Lumentum to $850.00 and gave the company a “buy” rating in a research report on Wednesday. Rosenblatt Securities boosted 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. Barclays upped their target price on shares of Lumentum to $750.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Lumentum currently has a consensus rating of “Moderate Buy” and an average price target of $513.94.

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.