Pitcairn Co. Invests $683,000 in Lumentum Holdings Inc. $LITE

Pitcairn Co. bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,200 shares of the technology company’s stock, valued at approximately $683,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Federated Hermes Inc. boosted its stake in shares of Lumentum by 7,168.8% during the 3rd quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock valued at $58,958,000 after purchasing an additional 357,367 shares in the last quarter. FengHe Fund Management Pte. Ltd. purchased a new position in shares of Lumentum during the third quarter valued at about $71,771,000. Pacer Advisors Inc. bought a new position in Lumentum in the third quarter worth about $1,512,000. Headwater Capital Co Ltd bought a new position in Lumentum in the third quarter worth about $20,339,000. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in Lumentum in the third quarter worth about $1,383,000. Institutional investors own 94.05% of the company’s stock.

Lumentum Trading Down 14.2%

Shares of NASDAQ LITE opened at $558.44 on Friday. The firm’s 50 day moving average price is $482.89 and its 200-day moving average price is $312.07. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $783.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The company has a market cap of $39.87 billion, a PE ratio of 171.30 and a beta of 1.38.

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. 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 quarter last year, the firm earned $0.42 earnings per share. The firm’s quarterly revenue 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, equities research analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Citigroup lifted their price objective on Lumentum to $560.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Northland Securities set a $350.00 target price on Lumentum in a research report on Wednesday, December 3rd. Needham & Company LLC raised their target price on Lumentum to $850.00 and gave the company a “buy” rating in a research note on Wednesday. Susquehanna lifted their price target on Lumentum to $550.00 and gave the company a “positive” rating in a research report on Wednesday, February 4th. Finally, Bank of America upped their price target on Lumentum to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $513.94.

More Lumentum News

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

Insiders Place Their Bets

In other news, Director Penny Herscher sold 4,000 shares of the company’s stock in a transaction on 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 directly owned 2,057 shares of the company’s stock, valued at $1,228,625.53. This represents a 66.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Yuen Wupen sold 3,157 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the sale, the insider directly owned 88,439 shares in the company, valued at $47,580,182. This trade represents a 3.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 65,775 shares of company stock worth $38,851,343 in the last 90 days. 0.43% of the stock is currently owned by company insiders.

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.