Pinnacle Associates Ltd. Sells 55,826 Shares of Lumentum Holdings Inc. $LITE

Pinnacle Associates Ltd. trimmed its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 22.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,445 shares of the technology company’s stock after selling 55,826 shares during the period. Pinnacle Associates Ltd.’s holdings in Lumentum were worth $31,475,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on LITE shares. Rosenblatt Securities boosted their target price on shares of Lumentum to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. UBS Group raised their price target on shares of Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Barclays boosted their price objective on shares of Lumentum to $750.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Mizuho increased their price objective on Lumentum to $645.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, Morgan Stanley lifted their target price on Lumentum to $520.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $513.94.

Insider Buying and Selling at Lumentum

In related news, CFO Wajid Ali sold 5,302 shares of Lumentum stock in a transaction on Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the sale, the chief financial officer directly owned 66,287 shares of the company’s stock, valued at $45,812,934.31. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Yuen Wupen sold 3,157 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider owned 88,439 shares of the company’s stock, valued at $47,580,182. This represents a 3.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 65,775 shares of company stock worth $38,851,343. 0.43% of the stock is currently owned by insiders.

Lumentum News Roundup

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

Lumentum Stock Down 14.2%

Shares of NASDAQ LITE opened at $558.44 on Monday. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $783.80. The firm’s 50-day moving average is $482.89 and its 200-day moving average is $313.45. 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 firm has a market capitalization of $39.87 billion, a PE ratio of 171.30 and a beta of 1.38.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $646.74 million. During the same period in the previous year, the firm posted $0.42 earnings per share. Lumentum’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. Equities analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current 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.