Lumentum Holdings Inc. $LITE Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 24.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,954 shares of the technology company’s stock after selling 50,480 shares during the quarter. Principal Financial Group Inc. owned approximately 0.22% of Lumentum worth $25,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in LITE. Hood River Capital Management LLC boosted its stake in Lumentum by 82.1% during the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after acquiring an additional 994,551 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Lumentum by 0.8% during the second quarter. Geode Capital Management LLC now owns 1,260,940 shares of the technology company’s stock worth $119,884,000 after purchasing an additional 10,027 shares during the last quarter. Channing Capital Management LLC grew its stake in Lumentum by 61.0% in the second quarter. Channing Capital Management LLC now owns 948,334 shares of the technology company’s stock worth $90,149,000 after purchasing an additional 359,394 shares in the last quarter. Schroder Investment Management Group increased its holdings in Lumentum by 1.9% in the second quarter. Schroder Investment Management Group now owns 881,813 shares of the technology company’s stock valued at $83,825,000 after buying an additional 16,200 shares during the last quarter. Finally, Norges Bank acquired a new stake in Lumentum during the second quarter valued at approximately $82,983,000. Institutional investors own 94.05% of the company’s stock.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: JPMorgan raised its price target to $565 and kept an “overweight” rating, signaling confidence in additional upside from Lumentum. JPMorgan raises PT to $565
• Positive Sentiment: Citigroup raised its price target to $560 and maintained a “buy” rating, supporting the bullish analyst momentum. Citigroup raises PT to $560
• Positive Sentiment: Northland published a much higher FY2027 EPS projection ($10.69 vs. street consensus near $0.03), reflecting expectations for sustained margin expansion and accelerated revenue — a strong forward signal for investors. Northland FY2027 EPS estimate
• Positive Sentiment: Company results: Q2 FY2026 reported EPS of $1.67 (vs. $1.41 consensus) and revenue $665.5M (vs. $646.7M); management set Q3 EPS guidance of $2.15–$2.35 — these beats and the guide raise are the core fundamental reason the stock is rising. Earnings call transcript
• Positive Sentiment: Sector/market tailwind: coverage highlighting hyperscaler capex “explosion” points to strong demand for Lumentum’s optical components, bolstering revenue growth expectations. Capex tailwind article
• Neutral Sentiment: Press pieces noting Lumentum hit new all-time highs and extended a multi-day winning streak after earnings — confirms market momentum but is descriptive rather than new catalyst. All-time high coverage
• Neutral Sentiment: Fund/strategy commentary (e.g., Fidelity growth strategy mentions) highlights Lumentum as a high-growth name, supporting institutional interest but not an immediate catalyst. Fund commentary
• Negative Sentiment: B. Riley upgraded Lumentum to “buy” but set a $526 price target (below the stock’s current level), implying limited near-term upside from that shop’s perspective and introducing a potential anchor on further gains. B. Riley upgrade and PT $526

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. B.Riley Securit upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. B. Riley Financial raised shares of Lumentum from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $147.00 to $526.00 in a report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Lumentum to $565.00 and gave the stock an “overweight” rating in a report on Wednesday. Morgan Stanley raised their price target on shares of Lumentum to $350.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Finally, Wall Street Zen lowered shares of Lumentum from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $444.94.

Insider Activity at Lumentum

In other news, Director Pamela Fletcher sold 3,421 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total value of $935,746.13. Following the completion of the sale, the director directly owned 10,561 shares of the company’s stock, valued at approximately $2,888,750.33. This represents a 24.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Yuen Wupen sold 822 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total transaction of $212,865.12. Following the completion of the transaction, the insider owned 95,077 shares of the company’s stock, valued at $24,621,139.92. This trade represents a 0.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 17,180 shares of company stock worth $4,551,380 in the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Lumentum Stock Performance

Shares of LITE stock opened at $551.99 on Friday. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $558.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 1.02. The firm has a market capitalization of $39.41 billion, a price-to-earnings ratio of 169.32 and a beta of 1.51. The business has a 50 day simple moving average of $367.68 and a 200 day simple moving average of $238.50.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. The company had revenue of $665.50 million during 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, equities research analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

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.