Corient IA LLC Acquires Shares of 1,500 Lumentum Holdings Inc. $LITE

Corient IA LLC bought a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,500 shares of the technology company’s stock, valued at approximately $244,000.

A number of other institutional investors have also modified their holdings of LITE. Advisors Asset Management Inc. grew its stake 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 in the last quarter. NewEdge Advisors LLC lifted its holdings in Lumentum by 109.9% during the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after buying an additional 6,275 shares during the last quarter. Empowered Funds LLC grew its position in shares of Lumentum by 9.1% in the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after acquiring an additional 680 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Lumentum by 16.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 14,926 shares of the technology company’s stock valued at $1,419,000 after acquiring an additional 2,089 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Lumentum by 4.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 10,505 shares of the technology company’s stock valued at $999,000 after acquiring an additional 462 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: NVIDIA committed a large strategic investment and purchase commitments that secure demand and funding for Lumentum’s AI optics capacity — a clear demand de‑risking catalyst for LITE. Read More.
• Positive Sentiment: Several Wall Street analysts raised ratings/targets after the NVIDIA announcement (Needham boosted its 12‑month target to $850 and Barclays raised its target to $750), reinforcing institutional bullishness on Lumentum as an AI “picks‑and‑shovels” play. Read More.
• Neutral Sentiment: Sector flows into AI/optics names are amplifying moves in LITE — much of the recent volatility reflects thematic positioning across photonics peers rather than new company fundamentals. Read More.
• Negative Sentiment: Lumentum disclosed a $2B private placement of convertible preferred stock to NVIDIA; while strategic, the financing structure (convertible preferred terms and timing) has raised dilution/valuation concerns that likely prompted profit‑taking and the intraday pullback. Read More.
• Negative Sentiment: Insider selling: CFO Wajid Ali disclosed a sale of shares recently — such filings can spook momentum traders even if sales are routine diversification. Read More.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LITE shares. Susquehanna lifted their price objective on shares of Lumentum to $550.00 and gave the stock a “positive” rating in a report on Wednesday, February 4th. B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and raised their price target for the stock from $147.00 to $526.00 in a research report on Wednesday, February 4th. Northland Securities set a $350.00 price objective on shares of Lumentum in a research report on Wednesday, December 3rd. Barclays increased their price objective on shares of Lumentum to $750.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $513.94.

Lumentum Stock Performance

LITE stock opened at $680.80 on Thursday. The company has a 50-day simple moving average of $474.47 and a 200 day simple moving average of $305.27. The company has a market capitalization of $48.61 billion, a P/E ratio of 208.83 and a beta of 1.38. 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 Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $783.80.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.41 by $0.26. The firm had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. Lumentum’s quarterly revenue was up 65.5% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Sell-side analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Transactions at Lumentum

In other 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 transaction of $2,596,542.52. Following the transaction, the director directly owned 6,057 shares in the company, valued at approximately $3,243,402.36. This trade represents a 44.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Wajid Ali sold 5,302 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the sale, the chief financial officer directly owned 66,287 shares in the company, valued at $45,812,934.31. This represents a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 65,775 shares of company stock valued at $38,851,343. Company 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.