Cordant Inc. Buys Shares of 4,673 Lumentum Holdings Inc. $LITE

Cordant Inc. bought a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,673 shares of the technology company’s stock, valued at approximately $1,722,000. Lumentum comprises 0.7% of Cordant Inc.’s portfolio, making the stock its 24th largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of LITE. Advisors Asset Management Inc. increased its stake in shares of Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after purchasing an additional 254 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Lumentum by 109.9% during the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after purchasing an additional 6,275 shares during the last quarter. Empowered Funds LLC lifted its stake in Lumentum by 9.1% in the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after buying an additional 680 shares in the last quarter. MAI Capital Management grew its holdings in Lumentum by 27.0% during the 2nd 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 last quarter. Finally, Legal & General Group Plc grew its holdings in Lumentum by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 116,288 shares of the technology company’s stock valued at $11,054,000 after buying an additional 5,052 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analyst upgrades and big price‑target increases pushed LITE to an all‑time high as two firms boosted targets by roughly 50% and 66%, triggering fresh momentum from investors. Lumentum (LITE) Soars to All-Time High on 66% PT Hike
• Positive Sentiment: LITE’s recent addition to the S&P 500 is a structural catalyst that typically attracts index and ETF flows, supporting demand for the shares after a massive one‑year rally. Lumentum Just Joined the S&P 500: What Could Keep the Huge Rally Going and What Could End It
• Positive Sentiment: Market positioning as a photonics player tied to NVIDIA’s strategic focus is a longer‑term growth story — NVIDIA’s investments and industry attention make Lumentum a beneficiary of AI infrastructure buildout (photonics for high‑bandwidth data centers). 2 Lesser-Known Photonics Firms May Play an Outsized Role in AI (LITE)
• Neutral Sentiment: Morgan Stanley raised its price target to $595 after an investor briefing but kept an Equal Weight rating, signaling incremental optimism but not a clear buy endorsement—this creates mixed near‑term signaling for investors. Morgan Stanley Raises its Price Target on Lumentum Holdings Inc. (LITE) to $595
• Neutral Sentiment: Recent short‑interest headlines show reports of a large increase but the published numbers appear inconsistent (zeros reported), so current short‑interest data are noisy and shouldn’t be relied on without confirmation from official filings.
• Negative Sentiment: Valuation risk: LITE’s forward multiples are very high after the rally (market data show elevated P/E), so the stock is vulnerable to profit‑taking or a re‑rating if growth guidance or AI‑related demand disappoints.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LITE. JPMorgan Chase & Co. boosted their price target on Lumentum to $565.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Mizuho increased their price objective on Lumentum to $645.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Barclays boosted their target price on shares of Lumentum to $750.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Northland Securities set a $350.00 price target on shares of Lumentum in a research note on Wednesday, December 3rd. Finally, B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $147.00 to $526.00 in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $575.06.

Lumentum Trading Down 3.1%

NASDAQ LITE opened at $777.17 on Thursday. The firm has a market capitalization of $55.49 billion, a price-to-earnings ratio of 238.40 and a beta of 1.38. 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 $808.80. The company’s 50 day moving average price is $567.66 and its 200 day moving average price is $363.11.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. During the same period in the previous year, the firm earned $0.42 earnings per share. Lumentum’s revenue for the quarter was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, sell-side analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Insider Buying and Selling at Lumentum

In other Lumentum news, insider Yuen Wupen sold 3,157 shares of the firm’s 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 directly owned 88,439 shares of the company’s stock, valued at $47,580,182. This trade represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Penny Herscher sold 4,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $597.29, for a total value of $2,389,160.00. Following the transaction, the director owned 2,057 shares in the company, valued at approximately $1,228,625.53. This represents a 66.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,775 shares of company stock valued at $38,851,343 in the last quarter. Company insiders own 0.43% of the company’s stock.

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.