Lumentum Holdings Inc. $LITE Shares Sold by Capital World Investors

Capital World Investors decreased its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 29.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,059,098 shares of the technology company’s stock after selling 1,680,470 shares during the period. Capital World Investors owned about 5.73% of Lumentum worth $660,456,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after purchasing an additional 131 shares during the last quarter. MAI Capital Management boosted its holdings in Lumentum by 27.0% in the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after purchasing an additional 96 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in Lumentum during the third quarter worth $49,000. Cullen Frost Bankers Inc. acquired a new position in shares of Lumentum during the 3rd quarter worth $49,000. Finally, Huntington National Bank grew its position in Lumentum by 4,125.0% during the third quarter. Huntington National Bank now owns 338 shares of the technology company’s stock worth $55,000 after buying an additional 330 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: S&P 500 inclusion creates a predictable institutional bid (passive funds must buy shares ahead of the effective date), helping explain the recent surge in volume and price. These 2 AI Stocks Just Got a Massive S&P 500 Catalyst (LITE)
• Positive Sentiment: NVIDIA relationship/backing (reports of strategic partnership and capital) is reframing Lumentum as a critical supplier to AI data‑center buildouts, driving investor confidence in its addressable market. How The Lumentum (LITE) Story Is Shifting With Nvidia Ties And New Analyst Targets
• Positive Sentiment: Rosenblatt upgraded Lumentum’s outlook (price target raised substantially), citing higher earnings expectations tied to NVIDIA’s involvement — an analyst endorsement that supports more upside and institutional interest. Rosenblatt is Bullish on Lumentum Holdings Inc. (LITE)
• Positive Sentiment: Short‑term momentum: optics/photonic peers are ripping higher and S&P rebalancing headlines have triggered front‑running and momentum flows (several outlets reported double‑digit moves in the sector), amplifying the price move. Lumentum Soars After S&P Rebalance Ahead of Vertiv, EchoStar, and Coherent
• Neutral Sentiment: Broader thesis: analysts and sector commentary highlight photonics as a long‑term AI infrastructure play (optical switch/transceiver demand), which supports higher structural growth but is more of a multi‑quarter story than an immediate catalyst. De-Clogging the Future: Why Photonics is AI’s Ultimate Growth Engine
• Negative Sentiment: Valuation risk: several pieces note Lumentum trades at a premium (e.g., elevated P/S and P/E multiples), which raises the risk of pullbacks if near‑term execution or macro flows disappoint. Should Investors Buy LITE Stock Despite 9.58x P/S Premium Valuation?

Lumentum Stock Performance

Shares of LITE opened at $672.00 on Wednesday. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $783.80. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $47.98 billion, a PE ratio of 206.13 and a beta of 1.38. The firm has a 50-day moving average price of $494.27 and a 200 day moving average price of $321.03.

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. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. During the same period in the previous year, the business earned $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. On average, sell-side analysts anticipate that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on LITE shares. Mizuho raised their target price on shares of Lumentum to $645.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. B. Riley Financial upgraded Lumentum from a “neutral” rating to a “buy” rating and increased their target price for the stock from $147.00 to $526.00 in a research report on Wednesday, February 4th. Citigroup lifted their price target on shares of Lumentum to $560.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Morgan Stanley boosted their target price on Lumentum to $520.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Finally, Needham & Company LLC upped their price target on shares of Lumentum to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $542.07.

Insider Buying and Selling

In related news, Director Penny Herscher sold 4,849 shares of Lumentum 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 transaction, the director directly owned 6,057 shares in the company, valued at $3,243,402.36. The trade was a 44.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vincent Retort sold 45,026 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $591.32, for a total value of $26,624,774.32. Following the sale, the insider directly owned 102,455 shares of the company’s stock, valued at approximately $60,583,690.60. This represents a 30.53% 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 over the last three months. Corporate insiders own 0.43% of the company’s stock.

Lumentum Company 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.