Dana Investment Advisors Inc. Lowers Stock Holdings in Lumentum Holdings Inc. $LITE

Dana Investment Advisors Inc. reduced its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 27.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,734 shares of the technology company’s stock after selling 22,387 shares during the quarter. Dana Investment Advisors Inc. owned about 0.08% of Lumentum worth $9,394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LITE. Vanguard Group Inc. lifted its stake in Lumentum by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock worth $1,217,930,000 after purchasing an additional 41,975 shares in the last quarter. Hood River Capital Management LLC increased its holdings in shares of Lumentum by 82.1% in the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after purchasing an additional 994,551 shares during the period. Geode Capital Management LLC raised its position in shares of Lumentum by 0.8% in the second quarter. Geode Capital Management LLC now owns 1,260,940 shares of the technology company’s stock worth $119,884,000 after buying an additional 10,027 shares in the last quarter. Channing Capital Management LLC boosted its stake in Lumentum by 61.0% during the second quarter. Channing Capital Management LLC now owns 948,334 shares of the technology company’s stock valued at $90,149,000 after buying an additional 359,394 shares during the period. Finally, Schroder Investment Management Group grew its position in Lumentum by 1.9% during the second quarter. Schroder Investment Management Group now owns 881,813 shares of the technology company’s stock worth $83,825,000 after buying an additional 16,200 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Lumentum Trading Up 1.0%

LITE stock opened at $674.73 on Tuesday. The company has a market capitalization of $48.18 billion, a PE ratio of 206.97 and a beta of 1.51. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $688.07. The company’s 50 day moving average price is $425.90 and its two-hundred day moving average price is $277.51.

Lumentum (NASDAQ:LITE) last released its earnings results 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 company had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm’s quarterly revenue was up 65.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. 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 fiscal year.

Insider Activity

In other news, insider Yuen Wupen sold 3,157 shares of Lumentum 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 transaction, the insider owned 88,439 shares in the company, valued at approximately $47,580,182. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $591.32, for a total value of $26,624,774.32. Following the completion of the sale, the insider directly owned 102,455 shares of the company’s stock, valued at approximately $60,583,690.60. This trade represents a 30.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 60,473 shares of company stock valued at $35,186,972. 0.43% of the stock is currently owned by insiders.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analysts say a 1.6T optics ramp is arriving ahead of plan, tightening laser supply and shifting sales toward higher‑margin 200G lanes — a structural boost to revenue and gross margins. AI Optics Boom: What 1.6T Ramp Means for the LITE Stock’s Prospect
• Positive Sentiment: Coverage highlights that coherent pluggable optics (CPO) orders are moving from “hype” into contracted backlog — improving revenue visibility and making late‑2027 scale more credible, which supports upside to forward guidance. CPO is Moving From Hype to Backlog for LITE: More Upside Ahead?
• Positive Sentiment: Commentary notes LITE shares have nearly doubled in the past month as AI optics demand, OCS backlog and growing CPO orders drive accelerating revenue and margin expansion — fueling momentum and fresh upward analyst attention. Lumentum Rises 99% in a Month: Are the Shares Still a Buy?
• Positive Sentiment: Macro/sector stories are rotating investor money beyond GPUs into AI infrastructure names; LITE appears on several “AI‑infrastructure” buy lists, increasing institutional interest and multiple expansion potential. Forget Nvidia, This Is the Stock to Buy For the AI Boom’s Next Leg Up
• Neutral Sentiment: Unusual options activity: traders bought roughly 13,981 call contracts (about +15% vs typical daily call volume) — a sign of speculative bullish positioning but not definitive proof of sustained buying.
• Neutral Sentiment: Relative comparisons vs. peers underline LITE’s stronger AI-driven revenue outlook versus some equipment vendors with slumping sales — useful context for positioning but not a direct catalyst. Lumentum vs. Amtech: Which Semiconductor Stock is the Better Buy?
• Negative Sentiment: Risk: the rally has produced a rich valuation and fast price moves; high expectations (and a stretched P/E) leave shares exposed to profit‑taking or any miss versus elevated forecasts.

Analysts Set New Price Targets

Several analysts have weighed in on LITE shares. Rosenblatt Securities raised their price target on Lumentum to $580.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Raymond James Financial downgraded shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 target price on the stock. in a research note on Friday, October 31st. Morgan Stanley boosted their price target on shares of Lumentum to $520.00 and gave the stock an “equal weight” rating in a research note on Monday. B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and raised their price objective for the company from $147.00 to $526.00 in a research report on Wednesday, February 4th. Finally, Wall Street Zen downgraded shares of Lumentum from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and an average target price of $458.00.

Lumentum 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.