Lumentum Holdings Inc. $LITE Shares Bought by SG Capital Management LLC

SG Capital Management LLC increased its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 340.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,121 shares of the technology company’s stock after purchasing an additional 165,503 shares during the period. Lumentum accounts for 3.1% of SG Capital Management LLC’s investment portfolio, making the stock its 11th largest holding. SG Capital Management LLC owned 0.30% of Lumentum worth $34,840,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Lumentum by 0.4% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock valued at $2,532,000 after purchasing an additional 64 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Lumentum by 11.2% during the 3rd quarter. UMB Bank n.a. now owns 920 shares of the technology company’s stock worth $150,000 after purchasing an additional 93 shares during the period. MAI Capital Management increased its holdings in shares of Lumentum by 27.0% during the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after buying an additional 96 shares during the last quarter. KLP Kapitalforvaltning AS increased its stake in Lumentum by 0.7% during the third quarter. KLP Kapitalforvaltning AS now owns 15,171 shares of the technology company’s stock worth $2,468,000 after acquiring an additional 100 shares during the last quarter. Finally, Amalgamated Bank increased its position in Lumentum by 0.3% during the 3rd quarter. Amalgamated Bank now owns 31,871 shares of the technology company’s stock worth $5,186,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

LITE has been the topic of a number of analyst reports. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. increased their price target on shares of Lumentum to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Raymond James Financial lowered 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. Barclays boosted their price target on Lumentum to $475.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Finally, UBS Group upped their price objective on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $447.38.

Insiders Place Their Bets

In other Lumentum news, insider Vincent Retort sold 3,441 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the completion of the transaction, the insider owned 95,975 shares in the company, valued at approximately $52,381,235.50. This represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $2,389,160.00. Following the transaction, the director owned 2,057 shares in the company, valued at $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. Insiders sold 60,473 shares of company stock worth $35,186,972 over the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Mizuho raised its price target to $645 and maintained an “outperform” rating, signaling analyst conviction in further upside from current levels. Read More.
• Positive Sentiment: Seeking Alpha published a bullish thesis (“AI’s Hidden Bottleneck Winner”) arguing Lumentum is well-positioned as a critical supplier for AI infrastructure, citing strong demand, margin expansion and operating leverage as growth drivers. Read More.
• Positive Sentiment: News outlets reported Lumentum hitting a new 12‑month / all‑time high after analyst upgrades, which likely attracted momentum buying ahead of the pullback. Read More.
• Neutral Sentiment: Broader media coverage called out the stock’s recent highs and updated targets, increasing visibility but not adding new fundamental data. Read More.
• Negative Sentiment: Insider sale — Vincent Retort sold 3,441 shares at an average price of $545.78 (~$1.88M); his holdings fell ~3.46%. The Form 4 is filed with the SEC. Read More.
• Negative Sentiment: Insider sale — Yuen Wupen sold 3,157 shares at $538.00 (~$1.70M); holdings decreased ~3.45%. That transaction is also disclosed with the SEC. Read More.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $594.26 on Thursday. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $616.52. The stock has a market capitalization of $42.43 billion, a P/E ratio of 182.29 and a beta of 1.51. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The business has a 50-day moving average of $406.96 and a two-hundred day moving average of $264.82.

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

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.