Lumentum Holdings Inc. $LITE Stock Position Reduced by Cibc World Market Inc.

Cibc World Market Inc. decreased its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 27.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,588 shares of the technology company’s stock after selling 24,031 shares during the quarter. Cibc World Market Inc. owned approximately 0.09% of Lumentum worth $10,509,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. UMB Bank n.a. increased its stake in shares of Lumentum by 11.2% in the third quarter. UMB Bank n.a. now owns 920 shares of the technology company’s stock worth $150,000 after acquiring an additional 93 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. KLP Kapitalforvaltning AS increased its position in Lumentum by 0.7% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 15,171 shares of the technology company’s stock worth $2,468,000 after purchasing an additional 100 shares during the last quarter. Amalgamated Bank increased its position in Lumentum by 0.3% in the 3rd quarter. Amalgamated Bank now owns 31,871 shares of the technology company’s stock worth $5,186,000 after purchasing an additional 108 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Lumentum by 0.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 16,340 shares of the technology company’s stock worth $1,553,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Stock Down 3.6%

LITE opened at $562.74 on Friday. The company has a market capitalization of $40.18 billion, a P/E ratio of 172.62 and a beta of 1.51. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The firm’s fifty day moving average price is $393.19 and its two-hundred day moving average price is $253.80. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $603.83.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wolfe Research reissued an “outperform” rating and issued a $240.00 price target on shares of Lumentum in a research note on Wednesday, November 5th. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Raymond James Financial lowered shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price target on the stock. in a research note on Friday, October 31st. Bank of America lifted their price objective on shares of Lumentum to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Finally, Citigroup increased their target price on shares of Lumentum to $560.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $444.94.

Insiders Place Their Bets

In related news, insider Vincent Retort sold 45,026 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the completion of the transaction, the insider owned 102,455 shares in the company, valued at $60,583,690.60. This trade represents a 30.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Penny Herscher sold 4,849 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $535.48, for a total value of $2,596,542.52. Following the completion of the sale, the director owned 6,057 shares in the company, valued at $3,243,402.36. This trade represents a 44.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 61,055 shares of company stock worth $33,457,956 in the last 90 days. 0.43% of the stock is owned by corporate insiders.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Beat-and-raise quarter: Lumentum reported a large beat — non-GAAP EPS of $1.67 and revenue roughly $665.5M (up ~65% YoY) with an expanding optical circuit switch backlog and raised forward expectations, supporting the growth narrative for AI/data-center optics. Strong Earnings Momentum and Investor Optimism Lifted Lumentum Holdings (LITE) in Q4
• Positive Sentiment: AI/optics tailwinds and bullish media coverage are amplifying enthusiasm: multiple outlets highlight Lumentum as a key supplier for ultra-high-speed AI data links and project continued rapid revenue/earnings growth. Prediction: This Could Be the Best-Performing AI Chip Stock of 2026
• Positive Sentiment: Momentum trade and price action: LITE recently rallied on optics/AI rotation (coverage notes a near‑8% lift during the AI optics boom), which has attracted short‑term momentum buyers. Lumentum Leaps Nearly 8% During AI Optics Boom
• Neutral Sentiment: Analyst view vs. valuation: Analysts remain generally bullish on fundamentals and project sharp earnings growth, but some coverage flags valuation concerns — consensus targets in some places are below the current share price, suggesting limited upside for some investors. 3 High-Growth Unknowns in Photonics That Are Vital for AI
• Neutral Sentiment: Operational notes: Coverage mentions strong backlog but also some manufacturing/backend bottlenecks to navigate — a potential timing risk for shipment/gross-margin improvement. 3 High-Growth Unknowns in Photonics That Are Vital for AI
• Negative Sentiment: Large insider selling: Director Penny Herscher sold 4,000 shares (~$2.39M) on Feb. 12; the SEC Form 4 is filed. Insider sales of this size after a big run can signal profit-taking and increase selling pressure. Penny Herscher Form 4
• Negative Sentiment: Material insider sale by senior insider: Vincent Retort sold 45,026 shares (~$26.6M) on Feb. 12, reducing his holdings by ~30%. That large, public sale is likely contributing to downward pressure and investor caution. Vincent Retort Form 4

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.