Focus Partners Advisor Solutions LLC Purchases Shares of 1,332 Lumentum Holdings Inc. $LITE

Focus Partners Advisor Solutions LLC acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,332 shares of the technology company’s stock, valued at approximately $1,143,000.

Other hedge funds have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its stake in Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after acquiring an additional 1,545,199 shares during the period. Norges Bank bought a new stake in shares of Lumentum in the 4th quarter worth approximately $474,495,000. Value Aligned Research Advisors LLC acquired a new stake in shares of Lumentum during the 4th quarter worth approximately $432,062,000. Situational Awareness LP grew its holdings in shares of Lumentum by 210.9% during the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock worth $478,577,000 after purchasing an additional 880,800 shares in the last quarter. Finally, Aspex Management HK Ltd bought a new stake in shares of Lumentum during the fourth quarter valued at approximately $251,363,000. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley upped their target price on Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Wednesday. Barclays boosted their price target on shares of Lumentum from $750.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Susquehanna increased their price objective on shares of Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a research note on Monday, April 20th. Bank of America reduced their price objective on shares of Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, TD Cowen upped their target price on shares of Lumentum from $800.00 to $820.00 and gave the company a “hold” rating in a research note on Wednesday. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and a consensus target price of $1,044.67.

Lumentum Price Performance

LITE opened at $926.14 on Monday. The firm has a market cap of $72.05 billion, a price-to-earnings ratio of -11.27 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68. The firm’s 50-day simple moving average is $809.08 and its 200-day simple moving average is $775.45. Lumentum Holdings Inc. has a twelve month low of $111.20 and a twelve month high of $1,085.68.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.26. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The firm’s quarterly revenue was up 109.3% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities research analysts anticipate that Lumentum Holdings Inc. will post 16.97 EPS for the current fiscal year.

Insider Transactions at Lumentum

In other news, Director Ian Small sold 4,954 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the transaction, the director owned 21,008 shares of the company’s stock, valued at $18,236,414.56. This represents a 19.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Isaac Hosojiro Harris sold 1,416 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $1,000.08, for a total value of $1,416,113.28. Following the completion of the transaction, the director owned 6,984 shares in the company, valued at approximately $6,984,558.72. This represents a 16.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 10,370 shares of company stock worth $9,156,532. Insiders own 0.43% of the company’s stock.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Strong earnings and guidance: Lumentum reported quarterly EPS of $3.23, ahead of the $2.97 consensus estimate, while revenue reached $1.01 billion versus expectations of $987.7 million. Revenue increased roughly 109% year over year, and management issued fiscal Q1 2027 EPS guidance of $4.05-$4.35. Lumentum fiscal fourth-quarter earnings call transcript
• Positive Sentiment: AI infrastructure demand is accelerating: Analysts and financial commentators highlighted surging demand for optical components as AI data centers replace copper connections with high-speed fiber-optic links between GPU racks. Lumentum’s optical product sales and expanding margins are viewed as evidence that the company is converting this trend into results. Lumentum Just Delivered the AI Growth Investors Wanted
• Positive Sentiment: Analyst support increased: Rosenblatt Securities assigned LITE a Buy rating, while JPMorgan forecast significant additional appreciation. Reports cited an average Wall Street price target near $1,126, supporting the bullish reaction after earnings. Lumentum earns Buy rating from Rosenblatt Securities
• Neutral Sentiment: Sector-wide momentum: Lumentum, Corning and Applied Optoelectronics all advanced as investors returned to AI and optical-infrastructure stocks. The broader rally provides a favorable trading backdrop, although some of LITE’s move may reflect industry-wide enthusiasm rather than company-specific news. Optics stocks rise to end the week
• Negative Sentiment: Valuation and execution risks remain: Some commentary warned that the stock’s sharp long-term advance has left limited room for disappointment, with valuation and analyst disagreement creating potential volatility. Investors may also question whether AI-driven growth can remain at its current pace.

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.