Teachers Retirement System of The State of Kentucky Decreases Stock Position in Lumentum Holdings Inc. $LITE

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 17.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,013 shares of the technology company’s stock after selling 6,972 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Lumentum were worth $5,372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. increased its stake in shares of Lumentum by 36.8% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after buying an additional 254 shares during the period. NewEdge Advisors LLC grew 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 acquiring an additional 6,275 shares in the last quarter. Empowered Funds LLC increased 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 valued at $507,000 after purchasing an additional 680 shares during the last quarter. Envestnet Asset Management Inc. raised 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 purchasing an additional 2,089 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Lumentum by 5.8% during the 2nd quarter. Bessemer Group Inc. now owns 2,473 shares of the technology company’s stock worth $234,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling at Lumentum

In other news, insider Vincent Retort sold 3,441 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total value of $1,878,028.98. Following the sale, the insider directly owned 95,975 shares in the company, valued at $52,381,235.50. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Wajid Ali sold 5,302 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the transaction, the chief financial officer directly owned 66,287 shares of the company’s stock, valued at approximately $45,812,934.31. This trade represents a 7.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 65,775 shares of company stock valued at $38,851,343 over the last 90 days. 0.43% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on LITE. Bank of America raised their price target on Lumentum to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Wolfe Research restated an “outperform” rating and set a $240.00 target price on shares of Lumentum in a research note on Wednesday, November 5th. Mizuho increased their price target on shares of Lumentum to $645.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. UBS Group raised their price objective on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, Rosenblatt Securities boosted their price objective on shares of Lumentum to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $513.94.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Nvidia strategic deal — Nvidia committed $2 billion to Lumentum to accelerate optics R&D and U.S. production capacity, a direct customer commitment that de‑risks large capital expansion and secures high‑margin AI demand. Read More.
• Positive Sentiment: Analyst/sector framing — JPMorgan, Citi and other outlets are highlighting Lumentum as a primary beneficiary of the multi‑year optics upcycle from hyperscaler AI spending, which supports longer‑term revenue visibility. Read More.
• Positive Sentiment: Price‑target lift — Barclays raised its price target to $750 (Equal Weight), signaling incremental analyst confidence in valuation upside even as it keeps a neutral stance. Read More.
• Neutral Sentiment: Theme‑driven move — Multiple outlets note that recent gains are part of a broader AI‑infrastructure rally; that flow can amplify moves but is more macro/theme driven than a fresh company earnings trigger. Read More.
• Neutral Sentiment: Investor presentation availability — Lumentum’s Morgan Stanley conference transcript provides management commentary for investors but didn’t introduce new catalysts to change the near‑term outlook. Read More.
• Negative Sentiment: Profit‑taking after a surge — After the Nvidia headlines sent optics names higher, some traders trimmed positions; headlines report Lumentum shares fell materially in a short‑term pullback as investors locked gains. Read More.
• Negative Sentiment: High‑profile caution — TV commentator Jim Cramer advised selling rather than buying after the runup, which can amplify short‑term retail outflows. Read More.
• Negative Sentiment: Insider selling — CFO Wajid Ali sold 5,302 shares (~$3.66M) late February; while common for executives to trim, investors often view such sales as a near‑term negative signal. Read More.

Lumentum Stock Performance

Shares of LITE stock opened at $694.43 on Wednesday. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $783.80. 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 50 day simple moving average of $468.80 and a 200-day simple moving average of $302.62. The company has a market cap of $49.58 billion, a price-to-earnings ratio of 213.02 and a beta of 1.38.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. During the same quarter last year, the firm posted $0.42 EPS. The business’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. On average, equities analysts forecast that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

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.