Shell Asset Management Co. Reduces Stock Position in Lumentum Holdings Inc. $LITE

Shell Asset Management Co. trimmed its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 57.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 982 shares of the technology company’s stock after selling 1,303 shares during the quarter. Shell Asset Management Co.’s holdings in Lumentum were worth $160,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LITE. FNY Investment Advisers LLC purchased a new stake in Lumentum during the second quarter valued at approximately $38,000. MAI Capital Management boosted its holdings in shares of Lumentum by 27.0% in the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after purchasing an additional 96 shares during the period. Steigerwald Gordon & Koch Inc. bought a new position in shares of Lumentum during the 3rd quarter valued at approximately $49,000. Cullen Frost Bankers Inc. purchased a new stake in Lumentum during the 3rd quarter valued at $49,000. Finally, Advisors Asset Management Inc. lifted its position in Lumentum by 36.8% in the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after buying an additional 254 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling

In other Lumentum news, insider Vincent Retort sold 45,026 shares of the company’s stock in a transaction 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 sale, the insider owned 102,455 shares in the company, valued at $60,583,690.60. This represents a 30.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Penny Herscher sold 4,849 shares of Lumentum 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 transaction, the director owned 6,057 shares in the company, valued at $3,243,402.36. This represents a 44.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 60,473 shares of company stock valued at $35,186,972 over the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on LITE shares. Raymond James Financial cut shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective on the stock. in a research report on Friday, October 31st. B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and upped their price target for the company from $147.00 to $526.00 in a report on Wednesday, February 4th. Wall Street Zen lowered shares of Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Citigroup raised their price objective on shares of Lumentum to $560.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Stifel Nicolaus upped their target price on Lumentum to $480.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and a consensus price target of $447.38.

Lumentum Trading Down 1.0%

LITE opened at $594.26 on Thursday. 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 stock’s fifty day moving average is $406.96 and its two-hundred day moving average is $264.82. The company has a market capitalization of $42.43 billion, a P/E ratio of 182.29 and a beta of 1.51. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $616.52.

Lumentum (NASDAQ:LITE) last posted 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 business had revenue of $665.50 million for the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The business’s revenue was up 65.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Mizuho raised its price target to $645 and maintained an “outperform” rating, signaling analyst conviction in further upside from current levels. Read More.
• Positive Sentiment: Seeking Alpha published a bullish thesis (“AI’s Hidden Bottleneck Winner”) arguing Lumentum is well-positioned as a critical supplier for AI infrastructure, citing strong demand, margin expansion and operating leverage as growth drivers. Read More.
• Positive Sentiment: News outlets reported Lumentum hitting a new 12‑month / all‑time high after analyst upgrades, which likely attracted momentum buying ahead of the pullback. Read More.
• Neutral Sentiment: Broader media coverage called out the stock’s recent highs and updated targets, increasing visibility but not adding new fundamental data. Read More.
• Negative Sentiment: Insider sale — Vincent Retort sold 3,441 shares at an average price of $545.78 (~$1.88M); his holdings fell ~3.46%. The Form 4 is filed with the SEC. Read More.
• Negative Sentiment: Insider sale — Yuen Wupen sold 3,157 shares at $538.00 (~$1.70M); holdings decreased ~3.45%. That transaction is also disclosed with the SEC. Read More.

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.