Arnhold LLC Has $33.81 Million Stake in Lumentum Holdings Inc. $LITE

Arnhold LLC decreased its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 8.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 207,802 shares of the technology company’s stock after selling 18,738 shares during the period. Lumentum comprises approximately 2.8% of Arnhold LLC’s investment portfolio, making the stock its 8th biggest holding. Arnhold LLC owned approximately 0.29% of Lumentum worth $33,811,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LITE. Hood River Capital Management LLC increased its holdings in shares of 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 worth $209,745,000 after acquiring an additional 994,551 shares during the last quarter. Norges Bank bought a new position in Lumentum during the second quarter worth $82,983,000. FengHe Fund Management Pte. Ltd. acquired a new position in shares of Lumentum in the third quarter valued at $71,771,000. William Blair Investment Management LLC acquired a new position in shares of Lumentum in the second quarter valued at $34,193,000. Finally, Channing Capital Management LLC raised its position in shares of Lumentum by 61.0% in the second quarter. Channing Capital Management LLC now owns 948,334 shares of the technology company’s stock valued at $90,149,000 after purchasing an additional 359,394 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lumentum

In related news, Director Pamela Fletcher sold 3,421 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total transaction of $935,746.13. Following the completion of the transaction, the director owned 10,561 shares in the company, valued at approximately $2,888,750.33. This represents a 24.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Yuen Wupen sold 822 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $258.96, for a total value of $212,865.12. Following the completion of the sale, the insider directly owned 95,077 shares of the company’s stock, valued at $24,621,139.92. This represents a 0.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,288 shares of company stock worth $32,800,908 in the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LITE has been the subject of several research analyst reports. Needham & Company LLC lifted their target price on shares of Lumentum to $550.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Raymond James Financial cut Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective for the company. in a report on Friday, October 31st. UBS Group upped their target price on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Morgan Stanley lifted their price target on Lumentum to $350.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Finally, B. Riley Financial upgraded Lumentum from a “neutral” rating to a “buy” rating and boosted their price target for the company from $147.00 to $526.00 in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $444.94.

Lumentum Stock Performance

NASDAQ:LITE opened at $562.74 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $603.83. The stock’s 50-day moving average is $393.19 and its 200-day moving average is $255.83. The stock has a market cap of $40.18 billion, a P/E ratio of 172.62 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last posted 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. The company had revenue of $665.50 million for 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 period in the previous year, the firm earned $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Equities research analysts anticipate that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Key Lumentum News

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.