Lumentum Holdings Inc. $LITE Stock Position Lessened by Leeward Investments LLC MA

Leeward Investments LLC MA cut its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 42.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 296,117 shares of the technology company’s stock after selling 220,314 shares during the quarter. Lumentum accounts for about 2.5% of Leeward Investments LLC MA’s investment portfolio, making the stock its largest holding. Leeward Investments LLC MA owned 0.42% of Lumentum worth $48,181,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new stake in Lumentum during the 2nd quarter valued at $38,000. MAI Capital Management increased its position in Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after acquiring an additional 96 shares during the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in Lumentum during the third quarter valued at $49,000. Cullen Frost Bankers Inc. bought a new position in Lumentum in the third quarter valued at about $49,000. Finally, Advisors Asset Management Inc. boosted its position in Lumentum by 36.8% in the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after purchasing an additional 254 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on LITE. Rosenblatt Securities upped their price target on shares of Lumentum to $580.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. UBS Group boosted their target price on shares of Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Wolfe Research reiterated an “outperform” rating and issued a $240.00 price target on shares of Lumentum in a research report on Wednesday, November 5th. Needham & Company LLC lifted their price target on shares of Lumentum to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $444.94.

Insider Buying and Selling at Lumentum

In other Lumentum news, insider Vincent Retort sold 45,026 shares of the business’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 owned 102,455 shares in the company, valued at $60,583,690.60. The trade was a 30.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Penny Herscher sold 4,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $597.29, for a total value of $2,389,160.00. Following the transaction, the director owned 2,057 shares of the company’s stock, valued at approximately $1,228,625.53. The trade was a 66.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 61,055 shares of company stock worth $33,457,956. Insiders own 0.43% of the company’s stock.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Beat-and-raise quarter: Lumentum reported a large beat — non-GAAP EPS of $1.67 and revenue roughly $665.5M (up ~65% YoY) with an expanding optical circuit switch backlog and raised forward expectations, supporting the growth narrative for AI/data-center optics. Strong Earnings Momentum and Investor Optimism Lifted Lumentum Holdings (LITE) in Q4
• Positive Sentiment: AI/optics tailwinds and bullish media coverage are amplifying enthusiasm: multiple outlets highlight Lumentum as a key supplier for ultra-high-speed AI data links and project continued rapid revenue/earnings growth. Prediction: This Could Be the Best-Performing AI Chip Stock of 2026
• Positive Sentiment: Momentum trade and price action: LITE recently rallied on optics/AI rotation (coverage notes a near‑8% lift during the AI optics boom), which has attracted short‑term momentum buyers. Lumentum Leaps Nearly 8% During AI Optics Boom
• Neutral Sentiment: Analyst view vs. valuation: Analysts remain generally bullish on fundamentals and project sharp earnings growth, but some coverage flags valuation concerns — consensus targets in some places are below the current share price, suggesting limited upside for some investors. 3 High-Growth Unknowns in Photonics That Are Vital for AI
• Neutral Sentiment: Operational notes: Coverage mentions strong backlog but also some manufacturing/backend bottlenecks to navigate — a potential timing risk for shipment/gross-margin improvement. 3 High-Growth Unknowns in Photonics That Are Vital for AI
• Negative Sentiment: Large insider selling: Director Penny Herscher sold 4,000 shares (~$2.39M) on Feb. 12; the SEC Form 4 is filed. Insider sales of this size after a big run can signal profit-taking and increase selling pressure. Penny Herscher Form 4
• Negative Sentiment: Material insider sale by senior insider: Vincent Retort sold 45,026 shares (~$26.6M) on Feb. 12, reducing his holdings by ~30%. That large, public sale is likely contributing to downward pressure and investor caution. Vincent Retort Form 4

Lumentum Trading Down 3.6%

Shares of Lumentum stock opened at $562.74 on Friday. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $603.83. 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 capitalization of $40.18 billion, a P/E ratio of 172.62 and a beta of 1.51. The company has a fifty day moving average of $393.19 and a 200 day moving average of $254.81.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.41 by $0.26. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The business had revenue of $665.50 million for the quarter, compared to the consensus estimate of $646.74 million. During the same period in the previous year, the business earned $0.42 earnings per share. The business’s revenue was up 65.5% on a year-over-year basis. 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.

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.