NewEdge Wealth LLC Makes New $154,000 Investment in Lumentum Holdings Inc. $LITE

NewEdge Wealth LLC acquired a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 947 shares of the technology company’s stock, valued at approximately $154,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LITE. Northwestern Mutual Investment Management Company LLC grew its stake in Lumentum by 0.4% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock worth $2,532,000 after purchasing an additional 64 shares during the period. UMB Bank n.a. lifted its stake in Lumentum by 11.2% in the third quarter. UMB Bank n.a. now owns 920 shares of the technology company’s stock valued at $150,000 after buying an additional 93 shares during the period. MAI Capital Management boosted 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 in the last quarter. KLP Kapitalforvaltning AS grew its position in shares of Lumentum by 0.7% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 15,171 shares of the technology company’s stock worth $2,468,000 after buying an additional 100 shares during the period. Finally, Amalgamated Bank grew its position in shares of 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 buying an additional 108 shares during the period. Institutional investors own 94.05% of the company’s stock.

Insider Activity

In related news, insider Vincent Retort sold 45,026 shares of Lumentum stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the transaction, the insider owned 102,455 shares of the company’s stock, valued at $60,583,690.60. The trade was a 30.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Penny Herscher sold 4,849 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $535.48, for a total value of $2,596,542.52. Following the sale, the director owned 6,057 shares of the company’s stock, valued at $3,243,402.36. This trade represents a 44.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 60,473 shares of company stock worth $35,186,972 over the last 90 days. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LITE shares. Northland Securities set a $350.00 target price on shares of Lumentum in a research report on Wednesday, December 3rd. B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and upped their price objective for the company from $147.00 to $526.00 in a report on Wednesday, February 4th. Rosenblatt Securities increased their price objective on shares of Lumentum to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Morgan Stanley raised their target price on Lumentum to $520.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. 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. Based on data from MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and a consensus price target of $458.00.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Post-earnings AI-driven momentum: Investors are positioning ahead of management appearances and continuing to buy after Lumentum’s strong fiscal Q2 that highlighted cloud/AI demand and expanding profitability — a likely driver of the rally. Lumentum rises as investors position…
• Positive Sentiment: Product backlog and TAM expansion: Reports highlight surging order/backlog for optical circuit switches (OCS) and co‑packaged optics (CPO), which improve revenue visibility and margin leverage if demand persists. Lumentum’s OCS and CPO Momentum Builds…
• Positive Sentiment: Wall Street support and retail optimism: Multiple recent buy/outperform ratings (including Morgan Stanley coverage cited in press) and positive retail commentary are reinforcing the uptrend and setting higher price targets. LITE stock heads for 4th day in green…
• Neutral Sentiment: Unusually large options activity: Elevated call activity and unusual options trading have been reported — this can amplify intraday moves but doesn’t change fundamentals by itself. Lumentum Target of Unusually Large Options Trading…
• Neutral Sentiment: Near-term catalysts: Management appearances at investor conferences (late Feb/early Mar) are scheduled and could sustain momentum if commentary on backlog, customer demand, or product ramps is positive. Lumentum rises as investors position…
• Neutral Sentiment: Consensus broker view: Brokerages give LITE an average “Moderate Buy,” which supports continued interest but leaves room for dispersion in price targets. Lumentum Holdings Inc. Given Average Rating…
• Negative Sentiment: Balance-sheet uncertainty flagged: Coverage notes fresh questions around balance-sheet items that could weigh on valuation if clarified negatively or if cash/working-capital dynamics tighten. Lumentum’s AI Optics Boom Meets Fresh Balance Sheet Uncertainty
• Negative Sentiment: Heavy insider selling: Public filings show significant insider sales in recent months, which can be interpreted as a cautionary signal by some investors. Lumentum rises as investors position…

Lumentum Trading Up 5.1%

NASDAQ:LITE opened at $723.39 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $765.00. The company has a market cap of $51.65 billion, a PE ratio of 221.90 and a beta of 1.51. The firm has a 50-day moving average of $441.40 and a 200-day moving average of $284.63.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.26. The business had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm’s revenue for the quarter was up 65.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities research analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

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.