Oregon Public Employees Retirement Fund Purchases 1,310 Shares of Lumentum Holdings Inc. $LITE

05 Nov 2026, 10:29 by Sarita Garza · The Markets Daily

Oregon Public Employees Retirement Fund raised its position in Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 13.7% during the third quarter, HoldingsChannel.com reports. The firm owned 10,891 shares of the technology company’s stock after buying an additional 1,310 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Lumentum were worth $10,578,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Lumentum in the 1st quarter valued at $2,046,000. Styrax Capital LP lifted its holdings in shares of Lumentum by 3.6% during the 1st quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock valued at $98,386,000 after acquiring an additional 4,837 shares in the last quarter. Swiss National Bank boosted its position in Lumentum by 47.2% during the 1st quarter. Swiss National Bank now owns 208,015 shares of the technology company’s stock worth $146,185,000 after purchasing an additional 66,700 shares during the period. Franchise GP Ltd boosted its position in Lumentum by 201.7% during the 3rd quarter. Franchise GP Ltd now owns 13,880 shares of the technology company’s stock worth $13,481,000 after purchasing an additional 9,280 shares during the period. Finally, Triglav Investments D.O.O. purchased a new stake in Lumentum during the 1st quarter worth $2,945,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Lumentum Price Performance

Shares of LITE stock opened at $626.06 on Thursday. The company has a market capitalization of $56.71 billion, a PE ratio of -7.95 and a beta of 1.64. The firm has a fifty day simple moving average of $911.07 and a 200-day simple moving average of $799.77. 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 Holdings Inc. has a twelve month low of $213.00 and a twelve month high of $1,143.00.

Lumentum (NASDAQ:LITE – Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The technology company reported $4.57 earnings per share for the quarter, beating analysts’ consensus estimates of $4.22 by $0.35. Lumentum had a negative net margin of 175.82% and a positive return on equity of 33.33%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the business earned $1.10 EPS. The business’s revenue was up 136.5% on a year-over-year basis. Equities research analysts anticipate that Lumentum Holdings Inc. will post 19.80 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Michael E. Hurlston sold 548 shares of Lumentum stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $958.66, for a total transaction of $525,345.68. Following the sale, the chief executive officer directly owned 186,951 shares of the company’s stock, valued at approximately $179,222,445.66. The trade was a 0.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Wajid Ali sold 24,542 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the completion of the transaction, the chief financial officer owned 75,074 shares in the company, valued at approximately $78,715,089. This trade represents a 24.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 94,496 shares of company stock worth $85,978,498 over the last quarter. Company insiders own 0.28% of the company’s stock.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: The acquisition could combine Lumentum’s optical components with Marvell’s chips and networking technology, potentially supporting AI-data-center growth and improved gross margins. Lumentum also issued stronger-than-expected fiscal Q2 guidance: revenue of $1.6 billion and EPS of $5.90–$6.20, above analyst estimates. Article: Marvell’s Deal to Acquire Lumentum Could Be a Game Changer for the Stock
Neutral Sentiment: A report says Nvidia’s CEO gave approval to Marvell’s proposed acquisition, offering a degree of strategic validation, though it does not resolve questions about the deal’s terms or completion. Article: Nvidia CEO gave go-ahead on Marvell’s mega-acquisition of Lumentum
Negative Sentiment: Investors remain skeptical of the merger’s value and risks. The all-stock offer’s value fluctuates with Marvell shares, and reports describe shareholders criticizing the terms. Kahn Swick & Foti is investigating whether the sale price and process are fair, adding scrutiny and potential deal uncertainty. Article: Lumentum Investor Alert
Negative Sentiment: Analyst actions have also weighed on sentiment: TD Cowen cut its target to $685 and kept a Hold rating, while B. Riley downgraded Lumentum to Neutral and lowered its target. These moves reflect reduced confidence in near-term upside amid merger and valuation concerns.

Wall Street Analysts Forecast Growth

Several research firms have commented on LITE. Stonex Financial raised Lumentum to a “strong-buy” rating in a research report on Monday, October 26th. Raymond James Financial upgraded Lumentum from a “moderate buy” rating to a “strong-buy” rating and set a $1,328.00 price objective on the stock in a research note on Monday. Mizuho set a $1,132.00 target price on Lumentum in a research report on Monday. Zacks Research lowered Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Finally, Susquehanna dropped their target price on Lumentum from $1,100.00 to $950.00 and set a “positive” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,081.61.

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Lumentum Profile

(Free Report)

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.