Lumentum Holdings Inc. $LITE Position Increased by New York Life Investment Management LLC

Posted by Francis Steltz on Nov 12th, 2026

New York Life Investment Management LLC lifted its position in Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 13.6% in the third quarter, HoldingsChannel.com reports. The firm owned 13,077 shares of the technology company’s stock after acquiring an additional 1,566 shares during the period. New York Life Investment Management LLC’s holdings in Lumentum were worth $12,701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Lumentum in the 3rd quarter valued at $7,971,000. Vestor Capital LLC bought a new position in shares of Lumentum during the 3rd quarter worth about $13,401,000. Retirement Systems of Alabama boosted its position in shares of Lumentum by 13.7% during the 3rd quarter. Retirement Systems of Alabama now owns 18,579 shares of the technology company’s stock valued at $18,045,000 after acquiring an additional 2,236 shares in the last quarter. Clear Wave Wealth Management LLC boosted its position in shares of Lumentum by 25.2% during the 3rd quarter. Clear Wave Wealth Management LLC now owns 641 shares of the technology company’s stock valued at $623,000 after acquiring an additional 129 shares in the last quarter. Finally, Fulcrum Asset Management LLP boosted its position in shares of Lumentum by 500.4% during the 3rd quarter. Fulcrum Asset Management LLP now owns 7,541 shares of the technology company’s stock valued at $7,341,000 after acquiring an additional 6,285 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. TD Cowen lowered their target price on shares of Lumentum from $820.00 to $685.00 and set a “hold” rating on the stock in a research note on Tuesday, November 3rd. Susquehanna cut their price target 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, November 3rd. B. Riley Financial downgraded Lumentum from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $1,142.00 to $770.00 in a report on Tuesday, November 3rd. Zacks Research downgraded Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Finally, Stifel Nicolaus set a $806.00 price objective on Lumentum in a research note on Monday, November 2nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,053.17.

Get Our Latest Stock Analysis on Lumentum

Lumentum News Roundup

Here’s some of the latest news about LITE:

Positive Sentiment: Sanford C. Bernstein raised its price target from $635 to $700 and maintained an “outperform” rating, signaling a more favorable analyst view. Lumentum Holdings Stock Price Target 2026
Negative Sentiment: Shares slipped before the market opened as investors and deal experts gave a lukewarm early reaction to Marvell’s reported acquisition plan, raising uncertainty around the transaction. Lumentum Slips on Deal Reaction; Stock Movers
Negative Sentiment: UBS cut its price target from $960 to $686 and assigned a “neutral” rating, reflecting reduced upside expectations. Lumentum Holdings Stock Price Target 2026

Lumentum Stock Performance

Lumentum stock opened at $648.06 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.61 and a quick ratio of 1.27. The stock has a fifty day moving average price of $877.15 and a two-hundred day moving average price of $805.47. Lumentum Holdings Inc. has a 52-week low of $215.35 and a 52-week high of $1,143.00. The firm has a market capitalization of $58.78 billion, a P/E ratio of -8.23 and a beta of 1.64.

Lumentum (NASDAQ:LITE – Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The technology company reported $4.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.22 by $0.35. Lumentum had a positive return on equity of 28.85% and a negative net margin of 175.82%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business earned $1.10 earnings per share. The business’s revenue was up 136.5% on a year-over-year basis. As a group, analysts anticipate that Lumentum Holdings Inc. will post 19.93 EPS for the current fiscal year.

Insider Transactions at Lumentum

In related news, insider Yuen Wupen sold 307 shares of the stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total transaction of $290,115.00. Following the completion of the sale, the insider owned 108,320 shares in the company, valued at $102,362,400. This trade represents a 0.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of Lumentum stock in a transaction dated 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 transaction, the chief financial officer directly owned 75,074 shares of the company’s stock, valued at $78,715,089. This represents a 24.64% decrease in their ownership of the stock. 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 a total of 94,496 shares of company stock valued at $85,978,498 in the last quarter. 0.28% of the stock is currently owned by corporate insiders.

Lumentum Profile

(Free Report)

Lumentum Holdings Inc. develops and manufactures optical and photonic products used in communications networks and industrial applications. Its offerings include optical components, modules and lasers that help transmit and process data across telecommunications and data center networks. The company also supplies lasers and related technologies for industrial uses, including precision manufacturing and semiconductor production. Its products serve customers in markets around the world. Lumentum became an independent public company in 2015 through a spin-off from JDSU, now Viavi Solutions.