Lumentum Holdings Inc. $LITE Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 99.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,237 shares of the technology company’s stock after selling 6,916,944 shares during the period. New York State Common Retirement Fund owned approximately 0.06% of Lumentum worth $6,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LITE. Federated Hermes Inc. lifted its position in Lumentum by 7,168.8% during the 3rd quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock worth $58,958,000 after acquiring an additional 357,367 shares during the period. FengHe Fund Management Pte. Ltd. purchased a new position in shares of Lumentum in the third quarter worth about $71,771,000. Pacer Advisors Inc. acquired a new stake in shares of Lumentum during the third quarter worth about $1,512,000. Leeward Investments LLC MA boosted its position in Lumentum by 14.8% in the second quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock valued at $49,092,000 after buying an additional 66,541 shares during the last quarter. Finally, Braun Stacey Associates Inc. acquired a new position in Lumentum in the 3rd quarter worth approximately $15,125,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Lumentum Trading Up 8.4%

LITE stock opened at $504.42 on Friday. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $507.55. The company has a quick ratio of 1.02, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The firm has a market cap of $35.76 billion, a P/E ratio of 154.73 and a beta of 1.51. The company’s 50-day simple moving average is $363.15 and its 200-day simple moving average is $234.43.

Lumentum (NASDAQ:LITE) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.Lumentum’s quarterly revenue was up 65.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities analysts forecast that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lumentum news, Director Pamela Fletcher sold 3,421 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total transaction of $935,746.13. Following the transaction, the director directly owned 10,561 shares of the company’s stock, valued at $2,888,750.33. This trade represents a 24.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Yuen Wupen sold 822 shares of Lumentum stock in a transaction dated 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 sale, the insider owned 95,077 shares in the company, valued at approximately $24,621,139.92. This trade represents a 0.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 17,180 shares of company stock valued at $4,551,380. Corporate insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on LITE. Needham & Company LLC lifted their price objective on shares of Lumentum to $550.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group restated a “neutral” rating on shares of Lumentum in a research report on Wednesday. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Wall Street Zen lowered Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Northland Securities set a $350.00 price objective on Lumentum in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and an average target price of $423.00.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q2 results beat expectations — EPS and revenue topped estimates, revenue grew ~65% Y/Y and management issued Q3 guidance above Street forecasts, underpinning the rally. LITE Q2 earnings beat (Zacks)
• Positive Sentiment: Citigroup raised its price target to $560 and put a Buy rating on LITE, signaling further upside from analysts keyed to the strong quarter. Citigroup raises LITE PT to $560
• Positive Sentiment: Rosenblatt lifted its target to $580 (Buy), and Mizuho raised its target to $525 (Outperform) — multiple firms boosting targets reinforces bullish professional sentiment. Rosenblatt raises PT to $580 (Benzinga)
• Positive Sentiment: B. Riley and Zacks moved Lumentum toward stronger ratings (B. Riley upgrade; Zacks Rank #1 Strong Buy), adding conviction from sell‑side and quant shops. B. Riley upgrades LITE (MSN)
• Positive Sentiment: Institutional interest noted — Fidelity highlighted Lumentum in its Growth Strategies fund commentary, indicating buy-side recognition of LITE’s growth profile. Fidelity mentions LITE (InsiderMonkey)
• Neutral Sentiment: Bank of America raised its target to $520 but kept a Neutral rating — supportive but less bullish than some peers, reflecting varied analyst assumptions on sustainability of growth. BofA raises PT to $520 (Benzinga)
• Neutral Sentiment: Earnings call and transcripts are available for details on product mix, supply and AI-driven demand; read management commentary for signals on sustainability of the beat. Q2 2026 earnings call transcript (Seeking Alpha)
• Negative Sentiment: One shop (Stifel) set a $480 target — below current levels — which could cap upside if momentum stalls or guidance disappoints. Stifel sets PT $480 (TickerReport)
• Negative Sentiment: Some published targets remain well below the current price (e.g., an earlier $362.94 figure), illustrating dispersion in analyst views and the risk of volatile reactions to any downside surprises. Price target $362.94 (MSN)

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.