New Mexico Educational Retirement Board Reduces Stake in Lumentum Holdings Inc. $LITE

New Mexico Educational Retirement Board lessened its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 75.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,600 shares of the technology company’s stock after selling 11,300 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Lumentum were worth $3,089,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of LITE. Royal London Asset Management Ltd. lifted its stake in Lumentum by 38.6% during the 2nd quarter. Royal London Asset Management Ltd. now owns 77,287 shares of the technology company’s stock valued at $66,317,000 after acquiring an additional 21,537 shares during the period. Toth Financial Advisory Corp boosted its holdings in shares of Lumentum by 127.3% in the 2nd quarter. Toth Financial Advisory Corp now owns 50 shares of the technology company’s stock valued at $43,000 after acquiring an additional 28 shares during the last quarter. Mufg Securities Americas Inc. increased its stake in shares of Lumentum by 18.6% in the second quarter. Mufg Securities Americas Inc. now owns 2,343 shares of the technology company’s stock worth $2,010,000 after acquiring an additional 367 shares during the period. Van ECK Associates Corp increased its stake in shares of Lumentum by 469.7% in the second quarter. Van ECK Associates Corp now owns 678 shares of the technology company’s stock worth $582,000 after acquiring an additional 559 shares during the period. Finally, Nissay Asset Management Corp Japan raised its holdings in shares of Lumentum by 268.4% during the second quarter. Nissay Asset Management Corp Japan now owns 33,924 shares of the technology company’s stock worth $29,109,000 after purchasing an additional 24,716 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lumentum

In other Lumentum news, Director Isaac Hosojiro Harris sold 1,416 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the transaction, the director owned 6,984 shares in the company, valued at approximately $6,984,558.72. This represents a 16.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jae Kim sold 12,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $852.58, for a total value of $10,230,960.00. Following the transaction, the senior vice president owned 37,804 shares in the company, valued at $32,230,934.32. This represents a 24.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 64,563 shares of company stock worth $55,448,750 over the last quarter. Company insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $1,040.00 target price on shares of Lumentum in a research report on Wednesday, August 12th. Citic Securities increased their price target on Lumentum from $620.00 to $1,186.00 in a research report on Monday, May 11th. UBS Group set a $820.00 price objective on Lumentum in a research note on Wednesday, August 12th. Mizuho boosted their price objective on Lumentum from $1,100.00 to $1,140.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, Northland Securities upped their target price on Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. One 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, the stock has an average rating of “Moderate Buy” and an average target price of $1,044.67.

Lumentum Stock Performance

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

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 109.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, research analysts predict that Lumentum Holdings Inc. will post 19.76 earnings per share for the current year.

Key Headlines Impacting Lumentum

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.