Lumentum Holdings Inc. $LITE Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Key Points

• Barrow Hanley cut its stake in Lumentum by 40.9% in Q3, selling 422,456 shares and retaining 610,623 shares (≈0.86%, ~$99.35M); institutional investors now own 94.05% of LITE.
• Wall Street is broadly bullish — the stock carries a consensus "Moderate Buy" rating with an average price target of $542.07, and several firms raised targets citing NVIDIA ties and an upcoming S&P 500 inclusion as demand catalysts.
• Insiders sold heavily (Penny Herscher 4,849 shares; Vincent Retort 45,026 shares; ~65,775 shares worth ~$38.85M last quarter), even as Lumentum beat quarterly EPS ($1.67) and revenue ($665.5M, +65.5% YoY) and guided Q3 2026 EPS to 2.15–2.35.

Barrow Hanley Mewhinney & Strauss LLC cut its holdings in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 40.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 610,623 shares of the technology company's stock after selling 422,456 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 0.86% of Lumentum worth $99,354,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LITE shares. Bank of America raised their price target on Lumentum to $520.00 and gave the company a "neutral" rating in a research report on Wednesday, February 4th. Zacks Research raised shares of Lumentum from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 2nd. Citigroup raised their target price on shares of Lumentum to $560.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Barclays lifted their target price on shares of Lumentum to $750.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Lumentum to $565.00 and gave the company an "overweight" rating in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $542.07.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: S&P 500 inclusion creates a predictable institutional bid (passive funds must buy shares ahead of the effective date), helping explain the recent surge in volume and price. These 2 AI Stocks Just Got a Massive S&P 500 Catalyst (LITE)
• Positive Sentiment: NVIDIA relationship/backing (reports of strategic partnership and capital) is reframing Lumentum as a critical supplier to AI data‑center buildouts, driving investor confidence in its addressable market. How The Lumentum (LITE) Story Is Shifting With Nvidia Ties And New Analyst Targets
• Positive Sentiment: Rosenblatt upgraded Lumentum’s outlook (price target raised substantially), citing higher earnings expectations tied to NVIDIA’s involvement — an analyst endorsement that supports more upside and institutional interest. Rosenblatt is Bullish on Lumentum Holdings Inc. (LITE)
• Positive Sentiment: Short‑term momentum: optics/photonic peers are ripping higher and S&P rebalancing headlines have triggered front‑running and momentum flows (several outlets reported double‑digit moves in the sector), amplifying the price move. Lumentum Soars After S&P Rebalance Ahead of Vertiv, EchoStar, and Coherent
• Neutral Sentiment: Broader thesis: analysts and sector commentary highlight photonics as a long‑term AI infrastructure play (optical switch/transceiver demand), which supports higher structural growth but is more of a multi‑quarter story than an immediate catalyst. De-Clogging the Future: Why Photonics is AI's Ultimate Growth Engine
• Negative Sentiment: Valuation risk: several pieces note Lumentum trades at a premium (e.g., elevated P/S and P/E multiples), which raises the risk of pullbacks if near‑term execution or macro flows disappoint. Should Investors Buy LITE Stock Despite 9.58x P/S Premium Valuation?

Insider Buying and Selling at Lumentum

In other news, Director Penny Herscher sold 4,849 shares of the company's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $535.48, for a total value of $2,596,542.52. Following the completion of the sale, the director owned 6,057 shares of the company's stock, valued at $3,243,402.36. This represents a 44.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vincent Retort sold 45,026 shares of the company's stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total value of $26,624,774.32. Following the completion of the transaction, the insider owned 102,455 shares of the company's stock, valued at approximately $60,583,690.60. This represents a 30.53% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 65,775 shares of company stock worth $38,851,343. 0.43% of the stock is currently owned by insiders.

Lumentum Stock Up 4.9%

LITE opened at $672.00 on Wednesday. Lumentum Holdings Inc. has a 12 month low of $45.65 and a 12 month high of $783.80. The business has a 50-day moving average of $494.27 and a two-hundred day moving average of $321.03. 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 stock has a market capitalization of $47.98 billion, a price-to-earnings ratio of 206.13 and a beta of 1.38.

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

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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