Equitable Holdings Inc. Purchases New Position in Lumentum Holdings Inc. $LITE

Equitable Holdings Inc. acquired a new position in Lumentum Holdings Inc. (NASDAQ:LITE) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,624 shares of the technology company’s stock, valued at approximately $2,252,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LITE. Jupiter Topco LLC purchased a new stake in shares of Lumentum in the 2nd quarter worth $1,621,396,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after buying an additional 1,545,199 shares during the period. Norges Bank purchased a new position in shares of Lumentum during the fourth quarter valued at $474,495,000. Value Aligned Research Advisors LLC bought a new stake in shares of Lumentum in the fourth quarter valued at about $432,062,000. Finally, Situational Awareness LP raised its holdings in shares of Lumentum by 210.9% in the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after acquiring an additional 880,800 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Lumentum Price Performance

Shares of LITE stock opened at $895.00 on Friday. The stock’s 50-day moving average is $811.83 and its 200 day moving average is $805.08. Lumentum Holdings Inc. has a 1-year low of $125.00 and a 1-year high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The company has a market cap of $80.28 billion, a P/E ratio of -10.89 and a beta of 1.50.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The firm’s revenue was up 109.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Research analysts predict that Lumentum Holdings Inc. will post 19.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on LITE. BNP Paribas Exane raised their target price on shares of Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,200.00 price target on shares of Lumentum in a research report on Wednesday, May 6th. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Mizuho lifted their price objective on shares of Lumentum from $1,100.00 to $1,140.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, Craig Hallum boosted their price objective on shares of Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,044.67.

Insider Transactions at Lumentum

In other Lumentum news, SVP Jae Kim sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total value of $10,230,960.00. Following the completion of the sale, the senior vice president directly owned 37,804 shares in the company, valued at $32,230,934.32. This trade represents a 24.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 1,500 shares of Lumentum stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $827.82, for a total transaction of $1,241,730.00. Following the completion of the transaction, the insider directly owned 100,434 shares in the company, valued at $83,141,273.88. This represents a 1.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 64,563 shares of company stock worth $55,448,750. 0.43% of the stock is owned by corporate insiders.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI infrastructure demand remains the core bullish driver. Lumentum supplies optical components used in high-speed data-center networks, and investors continue to view its 1.6T transceivers and 200G lasers as beneficiaries of accelerating AI-networking demand.
• Positive Sentiment: Recent operating results provide support. Lumentum’s latest quarter exceeded expectations, with $3.23 in adjusted earnings per share versus a $2.97 consensus estimate and revenue of $1.01 billion, up 109.3% year over year. Q1 fiscal 2027 EPS guidance of $4.05–$4.35 also remains encouraging.
• Neutral Sentiment: Management’s technology-conference appearance offered no clearly new catalyst. Lumentum presented at the Deutsche Bank 2026 Technology Conference, where investors focused on its AI-product outlook, capacity expansion and execution. The supplied transcript did not identify a specific new forecast or announcement. Lumentum Deutsche Bank Technology Conference Transcript
• Negative Sentiment: Sector-wide risk-off trading pressured the stock. Applied Optoelectronics and Lumentum reportedly fell about 6%, while Coherent declined about 5%, as the optics stocks that led the August rally pulled back together. A Barron’s report suggested the declines reflected peer-related sympathy selling rather than company-specific news. Optics Stocks Slide as AI Hardware Trade Cools
• Negative Sentiment: Several insiders sold shares. SVP Jae Kim sold 12,000 shares for approximately $10.2 million, while Vincent Retort sold 38,663 shares for about $33.0 million. CEO Michael Hurlston sold 548 shares for roughly $525,000. The transactions were conducted under pre-arranged Rule 10b5-1 plans, limiting their value as a discretionary bearish signal, but they add a modest overhang after the stock’s substantial rally. SEC CEO Insider Trading Filing
• Negative Sentiment: Valuation and competition heighten volatility. With LITE trading near its 52-week high, investors may be particularly sensitive to profit-taking, execution problems or competition from Cisco and NVIDIA in AI connectivity.

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.