Equitable Holdings Inc. Acquires Shares of 2,624 Lumentum Holdings Inc. $LITE

Key Points

• Equitable Holdings acquired 2,624 Lumentum shares worth approximately $2.25 million during the second quarter. Institutional investors collectively own 94.05% of Lumentum.
• Lumentum reported stronger-than-expected quarterly results, with EPS of $3.23 versus the $2.97 consensus and revenue of $1.01 billion, up 109.3% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,044.67.
• The stock opened at $895, near its 52-week high, while recent insider selling and broader weakness in optics stocks create potential downside pressure despite strong AI-infrastructure demand.

Equitable Holdings Inc. acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,624 shares of the technology company's stock, valued at approximately $2,252,000.

Several other hedge funds have also recently modified their holdings of the stock. Jupiter Topco LLC purchased a new stake in Lumentum in the 2nd quarter worth $1,621,396,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lumentum by 8,579.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company's stock valued at $254,350,000 after purchasing an additional 1,545,199 shares during the last quarter. Norges Bank purchased a new position in shares of Lumentum during the fourth quarter valued at about $474,495,000. Value Aligned Research Advisors LLC purchased a new position in shares of Lumentum during the fourth quarter valued at about $432,062,000. Finally, Situational Awareness LP increased its holdings 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 purchasing an additional 880,800 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Wall Street Analyst Weigh In

LITE has been the subject of a number of research reports. Rosenblatt Securities reissued a "buy" rating and set a $1,300.00 price target on shares of Lumentum in a research note on Wednesday, August 12th. Citigroup reaffirmed a "buy" rating on shares of Lumentum in a report on Wednesday, August 12th. Citic Securities raised their target price on shares of Lumentum from $620.00 to $1,186.00 in a report on Monday, May 11th. Loop Capital boosted their price target on shares of Lumentum from $900.00 to $1,400.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Finally, Morgan Stanley upped their price target on shares of Lumentum from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Lumentum has a consensus rating of "Moderate Buy" and a consensus target price of $1,044.67.

Lumentum Price Performance

LITE stock opened at $895.00 on Friday. The stock has a market cap of $80.28 billion, a PE ratio of -10.89 and a beta of 1.50. Lumentum Holdings Inc. has a 12 month low of $125.00 and a 12 month high of $1,085.68. The company has a 50-day moving average price of $811.83 and a 200 day moving average price of $805.08. 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 (NASDAQ:LITE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The firm's revenue for the quarter was up 109.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities research analysts anticipate that Lumentum Holdings Inc. will post 19.76 earnings per share for the current year.

Insider Activity

In other news, Director Isaac Hosojiro Harris sold 1,416 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the sale, the director directly owned 6,984 shares in the company, valued at approximately $6,984,558.72. This represents a 16.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $827.82, for a total value of $1,241,730.00. Following the sale, the insider directly owned 100,434 shares of the company's stock, valued at $83,141,273.88. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 64,563 shares of company stock valued at $55,448,750. 0.43% of the stock is currently owned by corporate insiders.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI infrastructure demand remains the core bullish driver. Lumentum supplies optical components used in high-speed data-center networks, and investors continue to view its 1.6T transceivers and 200G lasers as beneficiaries of accelerating AI-networking demand.
• Positive Sentiment: Recent operating results provide support. Lumentum’s latest quarter exceeded expectations, with $3.23 in adjusted earnings per share versus a $2.97 consensus estimate and revenue of $1.01 billion, up 109.3% year over year. Q1 fiscal 2027 EPS guidance of $4.05–$4.35 also remains encouraging.
• Neutral Sentiment: Management’s technology-conference appearance offered no clearly new catalyst. Lumentum presented at the Deutsche Bank 2026 Technology Conference, where investors focused on its AI-product outlook, capacity expansion and execution. The supplied transcript did not identify a specific new forecast or announcement. Lumentum Deutsche Bank Technology Conference Transcript
• Negative Sentiment: Sector-wide risk-off trading pressured the stock. Applied Optoelectronics and Lumentum reportedly fell about 6%, while Coherent declined about 5%, as the optics stocks that led the August rally pulled back together. A Barron’s report suggested the declines reflected peer-related sympathy selling rather than company-specific news. Optics Stocks Slide as AI Hardware Trade Cools
• Negative Sentiment: Several insiders sold shares. SVP Jae Kim sold 12,000 shares for approximately $10.2 million, while Vincent Retort sold 38,663 shares for about $33.0 million. CEO Michael Hurlston sold 548 shares for roughly $525,000. The transactions were conducted under pre-arranged Rule 10b5-1 plans, limiting their value as a discretionary bearish signal, but they add a modest overhang after the stock’s substantial rally. SEC CEO Insider Trading Filing
• Negative Sentiment: Valuation and competition heighten volatility. With LITE trading near its 52-week high, investors may be particularly sensitive to profit-taking, execution problems or competition from Cisco and NVIDIA in AI connectivity.

Lumentum Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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