Lumentum Holdings Inc. $LITE Stock: Oregon Public Employees Retirement Fund Raises Position

Posted by Brian Himes on Nov 5th, 2026

Oregon Public Employees Retirement Fund lifted its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 13.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,891 shares of the technology company’s stock after acquiring an additional 1,310 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Lumentum were worth $10,578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Red Spruce Capital LLC raised its stake in Lumentum by 0.4% in the 3rd quarter. Red Spruce Capital LLC now owns 3,200 shares of the technology company’s stock valued at $3,108,000 after purchasing an additional 12 shares during the last quarter. CYBER HORNET ETFs LLC lifted its holdings in Lumentum by 7.2% in the 2nd quarter. CYBER HORNET ETFs LLC now owns 209 shares of the technology company’s stock valued at $179,000 after purchasing an additional 14 shares in the last quarter. Hilltop National Bank boosted its stake in shares of Lumentum by 26.8% during the 2nd quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock worth $61,000 after purchasing an additional 15 shares during the last quarter. Sachetta LLC boosted its stake in shares of Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after purchasing an additional 19 shares during the last quarter. Finally, Signature Equity Partners LLC boosted its stake in shares of Lumentum by 220.0% during the 3rd quarter. Signature Equity Partners LLC now owns 32 shares of the technology company’s stock worth $31,000 after purchasing an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Stock Down 8.0%

LITE opened at $626.06 on Thursday. Lumentum Holdings Inc. has a 12 month low of $213.00 and a 12 month high of $1,143.00. The business has a 50-day moving average of $911.07 and a two-hundred day moving average of $799.77. 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 stock has a market capitalization of $56.71 billion, a price-to-earnings ratio of -7.95 and a beta of 1.64.

Lumentum (NASDAQ:LITE – Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The technology company reported $4.57 earnings per share for the quarter, topping the consensus estimate of $4.22 by $0.35. Lumentum had a negative net margin of 175.82% and a positive return on equity of 33.33%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm posted $1.10 EPS. The company’s revenue was up 136.5% on a year-over-year basis. On average, research analysts expect that Lumentum Holdings Inc. will post 19.80 earnings per share for the current year.

Wall Street Analyst Weigh In

LITE has been the subject of a number of analyst reports. Zacks Research lowered shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Susquehanna lowered their target price on shares of Lumentum from $1,100.00 to $950.00 and set a “positive” rating for the company in a research note on Tuesday. Stifel Nicolaus set a $806.00 price target on Lumentum in a report on Monday. Stonex Financial upgraded Lumentum to a “strong-buy” rating in a report on Monday, October 26th. Finally, UBS Group set a $820.00 price target on Lumentum in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,081.61.

Read Our Latest Research Report on Lumentum

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: The acquisition could combine Lumentum’s optical components with Marvell’s chips and networking technology, potentially supporting AI-data-center growth and improved gross margins. Lumentum also issued stronger-than-expected fiscal Q2 guidance: revenue of $1.6 billion and EPS of $5.90–$6.20, above analyst estimates. Article: Marvell’s Deal to Acquire Lumentum Could Be a Game Changer for the Stock
Neutral Sentiment: A report says Nvidia’s CEO gave approval to Marvell’s proposed acquisition, offering a degree of strategic validation, though it does not resolve questions about the deal’s terms or completion. Article: Nvidia CEO gave go-ahead on Marvell’s mega-acquisition of Lumentum
Negative Sentiment: Investors remain skeptical of the merger’s value and risks. The all-stock offer’s value fluctuates with Marvell shares, and reports describe shareholders criticizing the terms. Kahn Swick & Foti is investigating whether the sale price and process are fair, adding scrutiny and potential deal uncertainty. Article: Lumentum Investor Alert
Negative Sentiment: Analyst actions have also weighed on sentiment: TD Cowen cut its target to $685 and kept a Hold rating, while B. Riley downgraded Lumentum to Neutral and lowered its target. These moves reflect reduced confidence in near-term upside amid merger and valuation concerns.

Insider Buying and Selling

In related news, CFO Wajid Ali sold 24,542 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total transaction of $25,732,287.00. Following the completion of the transaction, the chief financial officer owned 75,074 shares of the company’s stock, valued at approximately $78,715,089. This represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 307 shares of the stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $945.00, for a total transaction of $290,115.00. Following the transaction, the insider directly owned 108,320 shares in the company, valued at approximately $102,362,400. This represents a 0.28% decrease in their position. 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 90 days, insiders sold 94,496 shares of company stock valued at $85,978,498. 0.28% of the stock is owned by insiders.

About Lumentum

(Free Report)

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.