Atlantic Union Bankshares Corp Makes New Investment in Lumentum Holdings Inc. $LITE

Atlantic Union Bankshares Corp bought a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the third quarter, HoldingsChannel reports. The firm bought 1,910 shares of the technology company’s stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State of Wyoming increased its stake in shares of Lumentum by 20.9% in the 3rd quarter. State of Wyoming now owns 2,662 shares of the technology company’s stock worth $433,000 after acquiring an additional 461 shares in the last quarter. Chung Wu Investment Group LLC bought a new stake in Lumentum during the third quarter worth about $423,000. UMB Bank n.a. grew its holdings in Lumentum by 11.2% in the third quarter. UMB Bank n.a. now owns 920 shares of the technology company’s stock worth $150,000 after purchasing an additional 93 shares during the period. Arizona State Retirement System increased its stake in shares of Lumentum by 1.8% during the third quarter. Arizona State Retirement System now owns 20,518 shares of the technology company’s stock valued at $3,338,000 after purchasing an additional 362 shares in the last quarter. Finally, AE Wealth Management LLC purchased a new position in shares of Lumentum during the third quarter valued at approximately $209,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lumentum

In other news, insider Yuen Wupen sold 822 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $258.96, for a total value of $212,865.12. Following the transaction, the insider directly owned 95,077 shares in the company, valued at $24,621,139.92. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Julia Suzanne Johnson sold 10,000 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $270.39, for a total value of $2,703,900.00. Following the sale, the director owned 12,037 shares of the company’s stock, valued at approximately $3,254,684.43. This trade represents a 45.38% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 17,180 shares of company stock worth $4,551,380. Company insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Lumentum to $480.00 and gave the stock a “buy” rating in a research note on Wednesday. B. Riley raised Lumentum from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $147.00 to $526.00 in a report on Wednesday. Rosenblatt Securities raised their price target on Lumentum to $580.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group reiterated a “neutral” rating on shares of Lumentum in a research note on Wednesday. Finally, Citigroup raised their price objective on shares of Lumentum to $560.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $423.00.

Lumentum Price Performance

NASDAQ LITE opened at $504.42 on Friday. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $507.55. The stock has a 50-day moving average of $363.15 and a 200 day moving average of $234.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 0.61. The company has a market capitalization of $35.76 billion, a price-to-earnings ratio of 154.73 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) 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 firm had revenue of $665.50 million for the quarter, compared to the consensus estimate of $646.74 million. During the same quarter last year, the firm posted $0.42 EPS. The business’s quarterly revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, sell-side analysts forecast that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q2 results beat expectations — EPS and revenue topped estimates, revenue grew ~65% Y/Y and management issued Q3 guidance above Street forecasts, underpinning the rally. LITE Q2 earnings beat (Zacks)
• Positive Sentiment: Citigroup raised its price target to $560 and put a Buy rating on LITE, signaling further upside from analysts keyed to the strong quarter. Citigroup raises LITE PT to $560
• Positive Sentiment: Rosenblatt lifted its target to $580 (Buy), and Mizuho raised its target to $525 (Outperform) — multiple firms boosting targets reinforces bullish professional sentiment. Rosenblatt raises PT to $580 (Benzinga)
• Positive Sentiment: B. Riley and Zacks moved Lumentum toward stronger ratings (B. Riley upgrade; Zacks Rank #1 Strong Buy), adding conviction from sell‑side and quant shops. B. Riley upgrades LITE (MSN)
• Positive Sentiment: Institutional interest noted — Fidelity highlighted Lumentum in its Growth Strategies fund commentary, indicating buy-side recognition of LITE’s growth profile. Fidelity mentions LITE (InsiderMonkey)
• Neutral Sentiment: Bank of America raised its target to $520 but kept a Neutral rating — supportive but less bullish than some peers, reflecting varied analyst assumptions on sustainability of growth. BofA raises PT to $520 (Benzinga)
• Neutral Sentiment: Earnings call and transcripts are available for details on product mix, supply and AI-driven demand; read management commentary for signals on sustainability of the beat. Q2 2026 earnings call transcript (Seeking Alpha)
• Negative Sentiment: One shop (Stifel) set a $480 target — below current levels — which could cap upside if momentum stalls or guidance disappoints. Stifel sets PT $480 (TickerReport)
• Negative Sentiment: Some published targets remain well below the current price (e.g., an earlier $362.94 figure), illustrating dispersion in analyst views and the risk of volatile reactions to any downside surprises. Price target $362.94 (MSN)

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.