Teachers Retirement System of The State of Kentucky Trims Stock Holdings in Lumentum Holdings Inc. $LITE

Key Points

• Teachers Retirement System of Kentucky trimmed its stake in Lumentum (NASDAQ:LITE) by 32.3% in Q4, selling 10,673 shares and leaving it with 22,340 shares worth about $8.23 million.
• Lumentum beat expectations with $1.67 EPS (vs. $1.41 est.) and $665.5M revenue (up 65.5% YoY), prompting analyst price‑target upgrades (consensus ~$757.25 and several targets >$1,000) while the stock trades near multi‑year highs and carries a high PE of 270.44.
• Ownership and insider activity: institutional investors own roughly 94.05% of the shares, but insiders sold about 65,775 shares (~$38.85M) in the last quarter and now hold just 0.43%, highlighting concentrated institutional ownership alongside recent insider exits.

Teachers Retirement System of The State of Kentucky decreased its position in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 32.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,340 shares of the technology company's stock after selling 10,673 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Lumentum were worth $8,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Veracity Capital LLC raised its stake in Lumentum by 7.7% in the 4th quarter. Veracity Capital LLC now owns 3,047 shares of the technology company's stock worth $1,123,000 after acquiring an additional 219 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in Lumentum in the 4th quarter worth $462,000. Virtus Wealth Solutions LLC purchased a new position in Lumentum in the 4th quarter worth $1,080,000. China Universal Asset Management Co. Ltd. raised its stake in Lumentum by 34.1% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 11,399 shares of the technology company's stock worth $4,202,000 after acquiring an additional 2,899 shares during the last quarter. Finally, Rakuten Securities Inc. raised its stake in shares of Lumentum by 4,794.1% during the 4th quarter. Rakuten Securities Inc. now owns 2,496 shares of the technology company's stock valued at $920,000 after buying an additional 2,445 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Lumentum Price Performance

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

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

Insiders Place Their Bets

In other news, CFO Wajid Ali sold 5,302 shares of the firm's stock in a transaction dated 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 directly owned 66,287 shares in the company, valued at $45,812,934.31. This trade represents a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vincent Retort sold 3,441 shares of Lumentum stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total value of $1,878,028.98. Following the completion of the sale, the insider owned 95,975 shares in the company, valued at approximately $52,381,235.50. The trade was a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 65,775 shares of company stock valued at $38,851,343 over the last quarter. Insiders own 0.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LITE. Weiss Ratings reiterated a "hold (c)" rating on shares of Lumentum in a research note on Tuesday, April 21st. Mizuho lifted their price objective on Lumentum from $750.00 to $930.00 and gave the company an "outperform" rating in a research note on Wednesday, April 8th. Northland Securities set a $1,000.00 price objective on Lumentum in a research note on Monday, April 20th. JPMorgan Chase & Co. lifted their price objective on Lumentum to $950.00 and gave the company an "overweight" rating in a research note on Thursday, April 9th. Finally, Bank of America lifted their price objective on Lumentum to $520.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $757.25.

Key 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

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.

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.