South Dakota Investment Council Purchases Shares of 6,000 Lumentum Holdings Inc. $LITE

South Dakota Investment Council acquired a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,000 shares of the technology company’s stock, valued at approximately $976,000.

A number of other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. grew its holdings in shares of Lumentum by 7,168.8% during the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock worth $58,958,000 after purchasing an additional 357,367 shares during the last quarter. FengHe Fund Management Pte. Ltd. bought a new stake in Lumentum during the 3rd quarter worth about $71,771,000. Pacer Advisors Inc. acquired a new stake in Lumentum in the 3rd quarter valued at about $1,512,000. Headwater Capital Co Ltd bought a new position in shares of Lumentum in the third quarter worth about $20,339,000. Finally, China Universal Asset Management Co. Ltd. acquired a new position in shares of Lumentum during the third quarter worth approximately $1,383,000. Institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

Shares of LITE opened at $650.82 on Friday. The stock has a 50 day simple moving average of $479.54 and a 200 day simple moving average of $307.67. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $783.80. 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 firm has a market capitalization of $46.47 billion, a PE ratio of 199.64 and a beta of 1.38.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company had revenue of $665.50 million during the quarter, compared to analysts’ expectations of $646.74 million. During the same quarter in the prior year, the company earned $0.42 earnings per share. The business’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. Sell-side analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Insider Transactions at Lumentum

In other Lumentum news, Director Penny Herscher sold 4,849 shares of Lumentum stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $535.48, for a total value of $2,596,542.52. Following the sale, the director owned 6,057 shares of the company’s stock, valued at $3,243,402.36. This trade represents a 44.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Wajid Ali sold 5,302 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were 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 owned 66,287 shares in the company, 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 a total of 65,775 shares of company stock worth $38,851,343 in the last 90 days. Company insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LITE. Northland Securities set a $350.00 price target on shares of Lumentum in a report on Wednesday, December 3rd. Rosenblatt Securities lifted their target price on Lumentum to $580.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Morgan Stanley boosted their target price on Lumentum to $520.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Citigroup raised their price target on Lumentum to $560.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Needham & Company LLC lifted their price objective on Lumentum to $850.00 and gave the stock a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lumentum currently has a consensus rating of “Moderate Buy” and a consensus price target of $513.94.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Big-picture AI catalyst: coverage and headlines point to strong investor enthusiasm after Lumentum’s strategic ties to NVIDIA and the broader AI optics narrative, driving renewed buying interest. Lumentum Holdings Inc. (LITE) Rallies on AI-Driven Growth Enthusiasm
• Positive Sentiment: Analyst upgrades/price-target lifts: Needham and other brokerages have raised ratings and targets (Needham to $850), underpinning the rally by giving institutional validation to Lumentum’s AI optics story. Wall Street just gave this Nvidia-backed stock a massive price target boost
• Positive Sentiment: Street bullishness / forecasts: Barclays and other outlets are flagging strong upside potential and high conviction among analysts, which supports momentum flows and institutional interest. Barclays Forecasts Strong Price Appreciation for Lumentum (NASDAQ:LITE) Stock
• Neutral Sentiment: Momentum and market context: coverage explains recent big moves (up ~46% since earnings and notable one‑week gains), i.e., strong earnings + AI positioning created momentum that traders are now digesting. Why Is Lumentum (LITE) Up 46.2% Since Last Earnings Report? Lumentum (LITE) Is Up 4.96% in One Week: What You Should Know
• Negative Sentiment: Insider selling headline: reports of recent insider sales and a headline noting an ~11% drop tied to insider selling are pressuring sentiment and raise questions about timing and executive liquidity. Lumentum (NASDAQ:LITE) Shares Down 11.2% on Insider Selling
• Negative Sentiment: Short-term rotation / sector competition: some intraday weakness is attributed to sector moves (Broadcom/attached-copper narrative) and stock‑specific profit-taking after the initial AI-fueled surge. Credo rises, Lumentum, Coherent fall, as Broadcom puts weight behind attached copper
• Negative Sentiment: Volatility tied to NVIDIA financing terms: follow-up commentary notes profit-taking and questions around the structure/dilution of the disclosed NVIDIA preferred-stock financing — a driver of the post‑rally pullback. Lumentum slides as Nvidia-deal enthusiasm fades and investors digest financing terms

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.