Lumentum Holdings Inc. $LITE Shares Sold by MRA Advisory Group

MRA Advisory Group cut its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 20.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,858 shares of the technology company’s stock after selling 1,282 shares during the quarter. MRA Advisory Group’s holdings in Lumentum were worth $790,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Lumentum during the 3rd quarter valued at about $49,000. Cullen Frost Bankers Inc. purchased a new position in Lumentum during the third quarter valued at approximately $49,000. FNY Investment Advisers LLC acquired a new position in Lumentum in the second quarter valued at approximately $38,000. MAI Capital Management boosted its position in Lumentum by 27.0% in the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after purchasing an additional 96 shares in the last quarter. Finally, Quent Capital LLC purchased a new stake in Lumentum in the 3rd quarter worth approximately $95,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum Stock Down 3.6%

LITE opened at $562.74 on Monday. The company has a market cap of $40.18 billion, a PE ratio of 172.62 and a beta of 1.51. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $603.83. The company has a 50-day moving average price of $393.19 and a 200 day moving average price of $255.83. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping 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 company 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 firm posted $0.42 EPS. Lumentum’s 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. Sell-side analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Key Headlines Impacting Lumentum

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LITE shares. JPMorgan Chase & Co. boosted their target price on shares of Lumentum to $565.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Citigroup lifted their price objective on shares of Lumentum to $560.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Rosenblatt Securities increased 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. Susquehanna raised their target price on Lumentum to $550.00 and gave the company a “positive” rating in a research report on Wednesday, February 4th. Finally, Raymond James Financial cut Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price target for the company. in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lumentum currently has a consensus rating of “Moderate Buy” and an average price target of $444.94.

Insider Transactions at Lumentum

In other news, Director Pamela Fletcher sold 3,421 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total value of $935,746.13. Following the transaction, the director directly owned 10,561 shares of the company’s stock, valued at approximately $2,888,750.33. This trade represents a 24.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jae Kim sold 170 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $246.00, for a total transaction of $41,820.00. Following the sale, the senior vice president directly owned 38,400 shares of the company’s stock, valued at approximately $9,446,400. This represents a 0.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,288 shares of company stock worth $32,800,908 in the last quarter. 0.43% of the stock is owned by 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.