AI Squared Management Ltd Purchases New Holdings in Lumentum Holdings Inc. $LITE

AI Squared Management Ltd purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,000 shares of the technology company’s stock, valued at approximately $1,953,000. Lumentum accounts for approximately 2.0% of AI Squared Management Ltd’s portfolio, making the stock its 13th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position in shares of Lumentum by 363.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after purchasing an additional 131 shares during the last quarter. MAI Capital Management grew its position in Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after buying an additional 96 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new stake in Lumentum during the third quarter worth about $49,000. Cullen Frost Bankers Inc. purchased a new stake in Lumentum during the third quarter worth about $49,000. Finally, Huntington National Bank raised its position in Lumentum by 4,125.0% in the third quarter. Huntington National Bank now owns 338 shares of the technology company’s stock worth $55,000 after acquiring an additional 330 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling

In other Lumentum 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 transaction of $1,698,466.00. Following the completion of the transaction, the insider owned 88,439 shares of the company’s stock, valued at $47,580,182. The trade was a 3.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Penny Herscher sold 4,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $597.29, for a total value of $2,389,160.00. Following the sale, the director owned 2,057 shares in the company, valued at approximately $1,228,625.53. This represents a 66.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 65,775 shares of company stock worth $38,851,343. Company insiders own 0.43% of the company’s stock.

Lumentum Stock Down 14.2%

LITE opened at $558.44 on Friday. Lumentum Holdings Inc. has a 12 month low of $45.65 and a 12 month high of $783.80. The company has a market cap of $39.87 billion, a PE ratio of 171.30 and a beta of 1.38. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $482.89 and a 200 day moving average of $312.07.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating 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 business had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The business’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, sell-side analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Rosenblatt Securities increased their target price on shares of Lumentum to $580.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Needham & Company LLC upped their price objective on Lumentum to $850.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 29th. Mizuho raised their target price on Lumentum to $645.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Finally, Barclays upped their price target on Lumentum to $750.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average target price of $513.94.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Company reported strong Q2 results and aggressive forward revenue guidance (management guided roughly $780–$830M next quarter) and highlighted accelerating AI infrastructure demand; NVIDIA committed ~$2B and multi‑year supply deals that validate lasers/optics as strategic AI infrastructure and support higher margins and backlog (optical circuit switch backlog >$400M). Lumentum’s Massive Run Now Faces A Reality Check
• Positive Sentiment: Major broker notes and analyst commentary have turned bullish, citing the company’s AI exposure and improving fundamentals as reasons for upside. Upgraded/positive analyst commentary can sustain interest from institutional buyers. Analysts Are Bullish on Top Technology Stocks: Jack Henry & Associates (JKHY), Lumentum Holdings (LITE)
• Positive Sentiment: Market pieces note the rally and AI narrative driving momentum—coverage pointing out that LITE is up materially since earnings, which supports continued investor interest and momentum flows. Lumentum Holdings Inc. (LITE) Rallies on AI-Driven Growth Enthusiasm
• Neutral Sentiment: Several analytical/summary articles explain why LITE has climbed (earnings beat, guidance, pipeline) and review estimates — useful for context but not new catalysts. These pieces highlight momentum and valuation questions. Why Is Lumentum (LITE) Up 46.2% Since Last Earnings Report?
• Negative Sentiment: Industry/competitive news: Broadcom’s moves supporting attached copper optics helped some competitors (e.g., Credo) gain, while Lumentum and peers saw near‑term weakness—this raises the risk of product/competitive pressure in certain segments. Credo rises, Lumentum, Coherent fall, as Broadcom puts weight behind attached copper
• Negative Sentiment: Insider selling was reported recently and has already been linked with a share price pullback; large insider transactions can trigger short‑term selling and signal near‑term liquidity/positioning shifts. Lumentum (NASDAQ:LITE) Shares Down 11.2% on Insider Selling

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.