Lumentum Holdings Inc. $LITE Shares Acquired by TD Waterhouse Canada Inc.

Posted by on Sep 5th, 2026

TD Waterhouse Canada Inc. boosted its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 150.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,429 shares of the technology company’s stock after buying an additional 16,477 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Lumentum were worth $21,978,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LITE. Jupiter Topco LLC acquired a new position in Lumentum in the second quarter worth approximately $1,621,396,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after purchasing an additional 1,545,199 shares during the period. Norges Bank purchased a new stake in Lumentum in the 4th quarter worth approximately $474,495,000. Value Aligned Research Advisors LLC acquired a new stake in shares of Lumentum during the 4th quarter valued at $432,062,000. Finally, Situational Awareness LP increased its stake in shares of Lumentum by 210.9% in the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock worth $478,577,000 after acquiring an additional 880,800 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lumentum

In related news, insider Vincent Retort sold 38,663 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $852.59, for a total value of $32,963,687.17. Following the sale, the insider owned 78,440 shares of the company’s stock, valued at $66,877,159.60. The trade was a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael E. Hurlston sold 548 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were 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 directly owned 186,951 shares in the company, valued at approximately $179,222,445.66. The trade was a 0.29% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 65,147 shares of company stock worth $55,812,856. Corporate insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

LITE has been the topic of several analyst reports. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Citigroup reiterated a “buy” rating on shares of Lumentum in a research note on Wednesday, August 12th. Northland Securities boosted their price objective on Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Citic Securities increased their target price on Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. Finally, Evercore initiated coverage on Lumentum in a report on Monday. They issued an “outperform” rating and a $1,100.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,053.83.

Read Our Latest Stock Analysis on LITE

Trending Headlines about 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 Price Performance

Shares of LITE stock opened at $881.26 on Friday. The stock has a 50 day moving average of $814.62 and a two-hundred day moving average of $815.74. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. Lumentum Holdings Inc. has a 12 month low of $144.20 and a 12 month high of $1,085.68. The company has a market capitalization of $79.05 billion, a P/E ratio of -10.72 and a beta of 1.53.

Lumentum (NASDAQ:LITE – Get Free Report) last issued its earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.Lumentum’s revenue was up 109.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, equities analysts expect that Lumentum Holdings Inc. will post 19.78 EPS for the current year.

Lumentum 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.

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Institutional Ownership by Quarter for Lumentum (NASDAQ:LITE)

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