Lumentum Holdings Inc. $LITE Shares Purchased by Saudi Central Bank

Posted by Geri Gentry on Sep 7th, 2026

Saudi Central Bank raised its stake in Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 91.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,998 shares of the technology company’s stock after buying an additional 2,381 shares during the quarter. Saudi Central Bank’s holdings in Lumentum were worth $4,289,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its stake in shares of Lumentum by 45.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 369,804 shares of the technology company’s stock valued at $136,306,000 after purchasing an additional 114,714 shares during the period. Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Lumentum during the first quarter worth approximately $2,046,000. Styrax Capital LP boosted its position in shares of Lumentum by 3.6% during the first quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock worth $98,386,000 after buying an additional 4,837 shares during the period. Whittier Trust Co. grew its holdings in Lumentum by 21,806.5% in the 1st quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock worth $57,183,000 after buying an additional 73,706 shares in the last quarter. Finally, Andar Capital Management HK Ltd bought a new position in Lumentum in the 4th quarter worth approximately $4,325,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Buying and Selling at Lumentum

In other news, CEO Michael E. Hurlston sold 548 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $958.66, for a total transaction of $525,345.68. Following the completion of the sale, the chief executive officer owned 186,951 shares in the company, valued at approximately $179,222,445.66. This represents a 0.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yuen Wupen sold 500 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $860.00, for a total value of $430,000.00. Following the sale, the insider directly owned 116,127 shares of the company’s stock, valued at approximately $99,869,220. This represents a 0.43% 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. Over the last three months, insiders have sold 65,147 shares of company stock valued at $55,812,856. 0.43% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wolfe Research reaffirmed an “outperform” rating on shares of Lumentum in a research note on Friday, August 21st. UBS Group set a $820.00 price target on Lumentum in a research note on Wednesday, August 12th. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 price target on shares of Lumentum in a report on Wednesday, August 12th. Citigroup restated a “buy” rating on shares of Lumentum in a research note on Wednesday, August 12th. Finally, Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lumentum has an average rating of “Moderate Buy” and an average price target of $1,053.83.

Check Out Our Latest Analysis on LITE

Lumentum Stock Performance

NASDAQ:LITE opened at $881.26 on Monday. Lumentum Holdings Inc. has a twelve month low of $144.20 and a twelve month high of $1,085.68. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $814.62 and a 200-day moving average of $817.52. The firm has a market cap of $79.05 billion, a price-to-earnings ratio of -10.72 and a beta of 1.53.

Lumentum (NASDAQ:LITE – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $987.70 million. During the same quarter in the previous year, the company posted $0.88 EPS. The business’s revenue was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Analysts forecast that Lumentum Holdings Inc. will post 19.78 earnings per share for the current fiscal year.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: Optical-photonics rally: Lumentum gained alongside Coherent and other optical-networking stocks as investors focused on rising demand for lasers and optical components used to connect high-performance AI chips. Optical-photonics stocks article
Positive Sentiment: Favorable analyst coverage: Deutsche Bank initiated coverage with a Buy rating, while Evercore also began research coverage. New institutional coverage can improve visibility and support investor interest in LITE. Deutsche Bank coverage article Evercore coverage article
Positive Sentiment: AI infrastructure fundamentals remain strong: Recent results showed approximately $1.01 billion in quarterly revenue, adjusted EPS of $3.23, and guidance for $1.225 billion–$1.275 billion in revenue. Nvidia’s investment and purchase commitment for Lumentum’s laser components further reinforce the AI-demand thesis.
Neutral Sentiment: Portfolio concentration warning: One analysis said LITE’s roughly 680% advance can make it an outsized portfolio position. The article remained positive on the business but advised investors to reassess position sizing after the substantial rally. Lumentum portfolio concentration article
Negative Sentiment: Valuation concerns: A Seeking Alpha analysis argued that Lumentum has become too expensive following its dramatic run, creating a potential headwind if growth or AI infrastructure spending fails to exceed already-high expectations. Lumentum valuation article
Negative Sentiment: Insider selling: Yuen Wupen sold two separate blocks of 500 shares for a combined $862,245. Both trades were conducted under a pre-arranged Rule 10b5-1 plan and represented only 0.43% of the insider’s holdings, making the signal relatively limited.

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.