Cornerstone Investment Partners LLC Trims Holdings in Lumentum Holdings Inc. $LITE

Key Points

• Cornerstone Investment Partners trimmed its Lumentum stake by 19.5% in Q4, selling 1,274 shares and retaining 5,272 shares worth $1.943 million.
• Strong recent results: Lumentum beat Q expectations with $1.67 EPS and $665.5M revenue (up 65.5% YoY), issued Q3 2026 guidance of $2.15–$2.35 EPS, and carries a consensus "Moderate Buy" rating with a $757.25 target.
• Ownership and insider activity: institutional investors own 94.05% of the stock, while insiders have sold 65,775 shares (~$38.85M) in the past 90 days and now hold 0.43% of shares.

Cornerstone Investment Partners LLC decreased its holdings in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,272 shares of the technology company's stock after selling 1,274 shares during the quarter. Cornerstone Investment Partners LLC's holdings in Lumentum were worth $1,943,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company's stock valued at $27,000 after purchasing an additional 131 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Lumentum during the 4th quarter worth $28,000. Danske Bank A S purchased a new position in Lumentum during the 3rd quarter worth $33,000. Chesapeake Asset Management LLC purchased a new position in Lumentum during the 4th quarter worth $37,000. Finally, BOCHK Asset Management Ltd purchased a new position in Lumentum during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LITE. Weiss Ratings restated a "hold (c)" rating on shares of Lumentum in a research report on Tuesday, April 21st. Barclays upped their price objective on shares of Lumentum to $750.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 3rd. Mizuho upped their price target on shares of Lumentum from $750.00 to $930.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 8th. Zacks Research cut shares of Lumentum from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. Finally, Northland Securities set a $1,000.00 price target on shares of Lumentum in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Lumentum presently has an average rating of "Moderate Buy" and a consensus price target of $757.25.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $881.64 on Monday. The stock has a market cap of $62.95 billion, a price-to-earnings ratio of 270.44 and a beta of 1.38. Lumentum Holdings Inc. has a 52 week low of $56.80 and a 52 week high of $960.00. The company's 50-day moving average price is $739.76 and its 200 day moving average price is $466.80. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06.

Lumentum (NASDAQ:LITE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.26. The firm had revenue of $665.50 million for the quarter, compared to analysts' expectations of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm's revenue was up 65.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, research analysts forecast that Lumentum Holdings Inc. will post 5.87 earnings per share for the current fiscal year.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Needham boosts its price target to $1,040, signaling stronger sell‑side conviction and helping lift sentiment among growth/optics investors. Needham & Company LLC Boosts Lumentum NASDAQ: LITE Price Target to $1,040.00
• Positive Sentiment: Northland Securities materially raised FY2027 EPS estimates (from $10.69 to $14.59 per share in its note), reflecting higher revenue/profit expectations and reinforcing the post‑earnings re‑rating. Northland Securities Comments on Lumentum Q1 Earnings
• Positive Sentiment: Coverage actions and analyst upgrades are directly supporting the move higher — press noting LITE trading up after an upgrade helped trigger buying. Lumentum NASDAQ: LITE Trading 4.4% Higher After Analyst Upgrade
• Positive Sentiment: Commercial demand strength: reports indicate Lumentum is “sold out” through 2027 on strong demand for its optical components, supporting revenue visibility and backlog-driven upside. Lumentum Holdings (LITE) Sold Out Through 2027 on High Demand
• Neutral Sentiment: Media/analyst takeaways: an MSN piece questions whether Lumentum can sustain its massive multi‑year run — useful for framing valuation concerns but not new fundamental data. Does Lumentum still have gas in its tank after a massive run?
• Neutral Sentiment: Popular culture/flow: Jim Cramer referenced “stocks that got away” on Mad Money — marginal for fundamentals but can influence retail attention/flows. Cramer Names 'The Stocks That Got Away' — SanDisk Is Number 1
• Negative Sentiment: Seeking Alpha highlights a potential hidden liquidity risk in the footnotes — investors should review the filing specifics; such risks can amplify downside if they materialize. Lumentum: A Hidden Liquidity Risk Buried In The Footnotes
• Negative Sentiment: Tradr launched a 2x inverse ETF on LITE (ticker LITZ), which makes it easier for traders to bet against or amplify intraday moves — this can increase volatility and shorting pressure during pullbacks. Tradr Debuts Short ETFs on Lumentum and Sandisk

Insider Activity

In other Lumentum news, CFO Wajid Ali sold 5,302 shares of the company's stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $691.13, for a total value of $3,664,371.26. Following the transaction, the chief financial officer directly owned 66,287 shares in the company, valued at approximately $45,812,934.31. This represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Yuen Wupen sold 3,157 shares of the company's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the completion of the transaction, the insider owned 88,439 shares in the company, valued at approximately $47,580,182. This trade represents a 3.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,775 shares of company stock valued at $38,851,343 in the last 90 days. Company insiders own 0.43% of the company's stock.

About Lumentum

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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