AustralianSuper Pty Ltd Acquires New Stake in Lumentum Holdings Inc. $LITE

Posted by Brian Himes on May 16th, 2026

AustralianSuper Pty Ltd purchased a new position in Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 64,000 shares of the technology company’s stock, valued at approximately $23,590,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LITE. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lumentum by 8,579.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after buying an additional 1,545,199 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Lumentum by 707.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock worth $366,555,000 after buying an additional 871,249 shares in the last quarter. Holocene Advisors LP acquired a new position in shares of Lumentum during the 3rd quarter worth approximately $136,401,000. WT Asset Management Ltd boosted its holdings in shares of Lumentum by 170.0% during the 3rd quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock worth $115,558,000 after purchasing an additional 447,208 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Lumentum by 7,168.8% during the 3rd 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. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Vincent Retort sold 3,441 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total value of $1,878,028.98. Following the transaction, the insider owned 95,975 shares of the company’s stock, valued at $52,381,235.50. This represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brian Lillie sold 11,951 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $981.64, for a total transaction of $11,731,579.64. Following the transaction, the director directly owned 13,959 shares of the company’s stock, valued at approximately $13,702,712.76. This trade represents a 46.13% 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. Over the last quarter, insiders have sold 32,488 shares of company stock worth $27,115,961. Corporate insiders own 0.43% of the company’s stock.

Lumentum Stock Down 3.1%

LITE stock opened at $970.70 on Friday. The firm has a market cap of $75.52 billion, a PE ratio of 179.76 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. The firm’s 50 day moving average price is $809.96 and its 200-day moving average price is $535.23. Lumentum Holdings Inc. has a one year low of $71.04 and a one year high of $1,085.68.

Lumentum (NASDAQ:LITE – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The firm had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. During the same quarter in the previous year, the company earned $0.57 EPS. The business’s revenue for the quarter was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities research analysts anticipate that Lumentum Holdings Inc. will post 6.49 EPS for the current year.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: Zacks Research upgraded Lumentum (LITE) from hold to strong-buy, signaling improved earnings outlook and stronger near-term sentiment. Tickerreport.com
Positive Sentiment: Investors are reacting to reports of surging AI optics demand, with Lumentum’s components business reportedly sold out through 2028 and the company planning to expand manufacturing capacity, which supports a higher valuation. Lumentum’s AI Optics Demand And NVIDIA Deal Reshape Valuation Debate
Positive Sentiment: The stock also benefited from broader momentum-stock and analyst coverage that placed LITE on Zacks’ Rank #1 Strong Buy list, adding to bullish trading sentiment. Best Momentum Stocks to Buy for May 14th
Positive Sentiment: Multiple articles highlighted accelerating growth in Lumentum’s components business, particularly around AI optics and hyperscale data-center demand, reinforcing expectations for continued revenue strength. Lumentum’s Components Business Accelerates: More Upside Ahead?
Neutral Sentiment: Investor attention is also building around an upcoming May 18 event, but the articles provided do not specify a concrete new catalyst yet. Dear Lumentum stock fans, mark your calendars for May 18

Analyst Ratings Changes

Several research analysts have recently weighed in on LITE shares. Northland Securities set a $1,000.00 target price on Lumentum in a report on Monday, April 20th. Raymond James Financial restated an “outperform” rating and issued a $1,014.00 target price on shares of Lumentum in a report on Wednesday, May 6th. Jefferies Financial Group restated a “buy” rating and issued a $1,200.00 target price on shares of Lumentum in a report on Wednesday, May 6th. UBS Group upped their target price on Lumentum from $455.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Susquehanna upped their target price on Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and an average price target of $1,012.43.

Read Our Latest Stock Report on LITE

Lumentum Company Profile

(Free Report)

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.