Lumentum Holdings Inc. $LITE Shares Acquired by GW&K Investment Management LLC

Key Points

• GW&K Investment Management raised its stake in Lumentum by 60.8% to 82,941 shares (about $13.5M), and institutional investors now own roughly 94.05% of the company.
• Earnings beat and strong growth: Lumentum reported $1.67 EPS (beat by $0.26) and $665.5M revenue (up 65.5% YoY), provided Q3 2026 EPS guidance of 2.150–2.350, and has a consensus analyst target of $513.94 amid multiple upgrades.
• Significant insider selling: Insiders sold 65,775 shares worth about $38.85M in the past 90 days, including notable sales by Director Penny Herscher and CFO Wajid Ali, which could add near-term selling pressure.

GW&K Investment Management LLC boosted its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 60.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,941 shares of the technology company's stock after buying an additional 31,373 shares during the period. GW&K Investment Management LLC owned approximately 0.12% of Lumentum worth $13,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Lumentum by 363.9% during the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company's stock valued at $27,000 after buying an additional 131 shares during the last quarter. MAI Capital Management raised its stake in Lumentum by 27.0% in the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company's stock worth $43,000 after acquiring an additional 96 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in Lumentum during the 3rd quarter worth about $49,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Lumentum in the 3rd quarter valued at $49,000. Finally, Huntington National Bank increased its stake in shares of Lumentum by 4,125.0% in the third quarter. Huntington National Bank now owns 338 shares of the technology company's stock worth $55,000 after acquiring an additional 330 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Lumentum Price Performance

LITE stock opened at $558.44 on Friday. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $783.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The firm has a market capitalization of $39.87 billion, a PE ratio of 171.30 and a beta of 1.38. The business has a 50 day simple moving average of $482.89 and a 200-day simple moving average of $310.72.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.26. The firm had revenue of $665.50 million for the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The firm's revenue was up 65.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Equities research analysts anticipate that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LITE has been the topic of several analyst reports. Citigroup increased their price target on Lumentum to $560.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. UBS Group boosted their price objective on Lumentum from $215.00 to $455.00 and gave the company a "neutral" rating in a report on Wednesday, February 4th. Northland Securities set a $350.00 target price on Lumentum in a research note on Wednesday, December 3rd. B. Riley Financial upgraded Lumentum from a "neutral" rating to a "buy" rating and lifted their price target for the company from $147.00 to $526.00 in a research report on Wednesday, February 4th. Finally, Stifel Nicolaus boosted their price target on Lumentum to $800.00 and gave the company a "buy" rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Lumentum currently has a consensus rating of "Moderate Buy" and a consensus target price of $513.94.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Company reported strong Q2 results and aggressive forward revenue guidance (management guided roughly $780–$830M next quarter) and highlighted accelerating AI infrastructure demand; NVIDIA committed ~$2B and multi‑year supply deals that validate lasers/optics as strategic AI infrastructure and support higher margins and backlog (optical circuit switch backlog >$400M). Lumentum's Massive Run Now Faces A Reality Check
• Positive Sentiment: Major broker notes and analyst commentary have turned bullish, citing the company’s AI exposure and improving fundamentals as reasons for upside. Upgraded/positive analyst commentary can sustain interest from institutional buyers. Analysts Are Bullish on Top Technology Stocks: Jack Henry & Associates (JKHY), Lumentum Holdings (LITE)
• Positive Sentiment: Market pieces note the rally and AI narrative driving momentum—coverage pointing out that LITE is up materially since earnings, which supports continued investor interest and momentum flows. Lumentum Holdings Inc. (LITE) Rallies on AI-Driven Growth Enthusiasm
• Neutral Sentiment: Several analytical/summary articles explain why LITE has climbed (earnings beat, guidance, pipeline) and review estimates — useful for context but not new catalysts. These pieces highlight momentum and valuation questions. Why Is Lumentum (LITE) Up 46.2% Since Last Earnings Report?
• Negative Sentiment: Industry/competitive news: Broadcom’s moves supporting attached copper optics helped some competitors (e.g., Credo) gain, while Lumentum and peers saw near‑term weakness—this raises the risk of product/competitive pressure in certain segments. Credo rises, Lumentum, Coherent fall, as Broadcom puts weight behind attached copper
• Negative Sentiment: Insider selling was reported recently and has already been linked with a share price pullback; large insider transactions can trigger short‑term selling and signal near‑term liquidity/positioning shifts. Lumentum NASDAQ: LITE Shares Down 11.2% on Insider Selling

Insider Activity

In other news, Director Penny Herscher sold 4,849 shares of the business's stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $535.48, for a total transaction of $2,596,542.52. Following the transaction, the director owned 6,057 shares of the company's stock, valued at approximately $3,243,402.36. The trade was a 44.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Wajid Ali sold 5,302 shares of the firm's stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the sale, the chief financial officer owned 66,287 shares of the company's stock, valued at $45,812,934.31. This represents a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 65,775 shares of company stock worth $38,851,343. 0.43% of the stock is owned by insiders.

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.

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