Rhumbline Advisers Reduces Stock Position in Lumentum Holdings Inc. $LITE

Rhumbline Advisers cut its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 0.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 187,569 shares of the technology company’s stock after selling 1,135 shares during the quarter. Rhumbline Advisers’ holdings in Lumentum were worth $30,519,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LITE. UMB Bank n.a. boosted its stake in Lumentum by 11.2% in the 3rd quarter. UMB Bank n.a. now owns 920 shares of the technology company’s stock worth $150,000 after purchasing an additional 93 shares during the period. MAI Capital Management increased its holdings in Lumentum by 27.0% during the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after acquiring an additional 96 shares during the period. KLP Kapitalforvaltning AS lifted its stake in Lumentum by 0.7% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 15,171 shares of the technology company’s stock worth $2,468,000 after purchasing an additional 100 shares in the last quarter. Amalgamated Bank boosted its holdings in Lumentum by 0.3% in the 3rd quarter. Amalgamated Bank now owns 31,871 shares of the technology company’s stock valued at $5,186,000 after purchasing an additional 108 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in Lumentum by 0.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 16,340 shares of the technology company’s stock valued at $1,553,000 after purchasing an additional 115 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Lumentum Price Performance

LITE opened at $562.74 on Monday. 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 stock has a market capitalization of $40.18 billion, a P/E ratio of 172.62 and a beta of 1.51. The stock has a 50-day moving average price of $393.19 and a 200-day moving average price of $255.83. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $603.83.

Lumentum (NASDAQ:LITE) last released its 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 return on equity of 17.27% and a net margin of 11.95%.The company had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. During the same quarter in the previous year, the company posted $0.42 EPS. Lumentum’s quarterly 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. Equities analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Lumentum News Summary

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 research analysts have recently weighed in on LITE shares. Stifel Nicolaus upped their price target on shares of Lumentum to $480.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Raymond James Financial lowered Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 target price on the stock. in a research note on Friday, October 31st. Barclays raised their price target on Lumentum to $475.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Lumentum in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $444.94.

Insider Buying and Selling

In related news, Director Penny Herscher sold 4,000 shares of Lumentum stock in a transaction on 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 in the company, valued at $1,228,625.53. This trade represents a 66.04% 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 Pamela Fletcher sold 3,421 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total transaction of $935,746.13. Following the completion of the sale, the director directly owned 10,561 shares of the company’s stock, valued at $2,888,750.33. This represents a 24.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,288 shares of company stock worth $32,800,908 in the last ninety days. 0.43% of the stock is currently owned by insiders.

About Lumentum

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.