Lumentum Holdings Inc. $LITE Shares Sold by Legacy Capital Group California Inc.

Key Points

• Insider selling: Company insiders sold 65,775 shares worth about $38.85 million over the last 90 days, including Vincent Retort's sale of 45,026 shares for ~$26.6 million (a 30.5% reduction) and Penny Herscher's sale of 4,849 shares for ~$2.6 million.
• Bullish operational and analyst outlook: Lumentum beat quarterly estimates (EPS $1.67 vs $1.41; revenue $665.5M, up 65.5% y/y), management says production is sold out through 2027, and multiple analysts have sharply raised price targets (e.g., Needham $1,040, Susquehanna $1,100; average target ~ $757), supporting a re‑rating tied to AI optics demand.
• Legacy Capital stake reduction: Legacy Capital Group California cut its holding in Lumentum by 57.1%, selling 1,650 shares and now owning 1,238 shares valued at approximately $456,000.

Legacy Capital Group California Inc. decreased its holdings in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 57.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,238 shares of the technology company's stock after selling 1,650 shares during the quarter. Legacy Capital Group California Inc.'s holdings in Lumentum were worth $456,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Lumentum by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company's stock worth $1,217,930,000 after purchasing an additional 41,975 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Lumentum by 8,579.2% in the 3rd 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 in the last quarter. Alliancebernstein L.P. boosted its position in shares of Lumentum by 4.4% in the 3rd quarter. Alliancebernstein L.P. now owns 1,085,119 shares of the technology company's stock worth $176,560,000 after purchasing an additional 45,953 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Lumentum by 707.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company's stock worth $366,555,000 after purchasing an additional 871,249 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Lumentum in the 3rd quarter worth $136,401,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Insider Buying and Selling

In other Lumentum news, insider Vincent Retort sold 45,026 shares of Lumentum stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the completion of the transaction, the insider owned 102,455 shares in the company, valued at approximately $60,583,690.60. This trade represents a 30.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Penny Herscher sold 4,849 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $535.48, for a total transaction of $2,596,542.52. Following the sale, the director directly owned 6,057 shares in the company, valued at $3,243,402.36. This trade represents a 44.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 65,775 shares of company stock worth $38,851,343. Corporate insiders own 0.43% of the company's stock.

Lumentum Stock Performance

Shares of LITE stock opened at $846.89 on Friday. The business has a fifty day moving average of $733.38 and a 200 day moving average of $457.53. The firm has a market capitalization of $60.47 billion, a price-to-earnings ratio of 259.78 and a beta of 1.38. Lumentum Holdings Inc. has a 1 year low of $55.00 and a 1 year high of $960.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The company's revenue was up 65.5% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, research analysts expect that Lumentum Holdings Inc. will post 5.87 earnings per share for the current year.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Multiple firms raised targets and estimates — Needham lifted its price target to $1,040 and Susquehanna to $1,100; Morgan Stanley also raised its target to $710, while Northland materially increased FY2027 EPS and quarterly forecasts, reflecting a much stronger revenue/earnings outlook. Needham price target Susquehanna price target Morgan Stanley price target Northland estimates
• Positive Sentiment: Company demand commentary: management says production is sold out through 2027, supporting the narrative of durable, multi‑year optical demand driven by AI and large customer commitments. This underpins higher revenue visibility and the bullish analyst moves. Sold‑out through 2027
• Positive Sentiment: Shifting industry narrative: recent coverage highlights Lumentum’s pivot to AI networking and stronger ties to Nvidia commitments, which supports a re‑rating of the company from telecom optics to an AI‑driven optical leader. Story shifting with AI optics Zacks AI optics note
• Neutral Sentiment: Media mention unrelated to a direct company update — Jim Cramer’s “Stocks That Got Away” segment referenced other names (SanDisk) and does not provide new company‑specific catalysts for Lumentum. Cramer segment
• Negative Sentiment: Launch of first‑to‑market leveraged inverse ETFs targeting LITE (Tradr 2X Short LITE Daily ETF, ticker LITZ) introduces a new, easily traded vehicle to express bearish views — this can increase intraday and short‑term selling pressure and volatility even while fundamentals look strong. Tradr short ETF debut

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Stifel Nicolaus raised their target price on Lumentum to $800.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Susquehanna raised their target price on Lumentum from $550.00 to $1,100.00 and gave the stock a "positive" rating in a research note on Monday. JPMorgan Chase & Co. raised their target price on Lumentum to $950.00 and gave the stock an "overweight" rating in a research note on Thursday, April 9th. TD Cowen raised their target price on Lumentum from $675.00 to $875.00 and gave the stock a "hold" rating in a research note on Friday, April 10th. Finally, B. Riley Financial upgraded Lumentum from a "neutral" rating to a "buy" rating and raised their target price for the stock from $147.00 to $526.00 in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $757.25.

Lumentum 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.

Want to see what other hedge funds are holding LITE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lumentum Holdings Inc. (NASDAQ:LITE - Free Report).

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.