Beacon Pointe Advisors LLC Buys Shares of 1,826 Lumentum Holdings Inc. $LITE

Key Points

• Beacon Pointe Advisors bought 1,826 Lumentum shares in the second quarter, valued at approximately $1.57 million. Institutional investors collectively own 94.05% of Lumentum’s outstanding stock.
• Lumentum reported stronger-than-expected results, with adjusted EPS of $3.23 versus the $2.97 consensus and revenue of $1.01 billion, up 109.3% year over year. Management guided for fiscal Q1 2027 EPS of $4.05–$4.35, supported by demand for AI data-center networking products.
• Analysts maintain a broadly positive view, with a “Moderate Buy” consensus and an average price target of $1,044.67, but valuation, sector volatility and insider selling remain risks as the stock trades near its 52-week high.

Beacon Pointe Advisors LLC purchased a new position in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,826 shares of the technology company's stock, valued at approximately $1,567,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LITE. Advisors Asset Management Inc. lifted its stake in Lumentum by 36.8% in the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company's stock valued at $59,000 after acquiring an additional 254 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Lumentum by 109.9% during the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company's stock worth $747,000 after acquiring an additional 6,275 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Lumentum by 9.1% during the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company's stock valued at $507,000 after acquiring an additional 680 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Lumentum during the 2nd quarter valued at about $298,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Lumentum in the 2nd quarter valued at approximately $1,712,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI infrastructure demand remains the core bullish driver. Lumentum supplies optical components used in high-speed data-center networks, and investors continue to view its 1.6T transceivers and 200G lasers as beneficiaries of accelerating AI-networking demand.
• Positive Sentiment: Recent operating results provide support. Lumentum’s latest quarter exceeded expectations, with $3.23 in adjusted earnings per share versus a $2.97 consensus estimate and revenue of $1.01 billion, up 109.3% year over year. Q1 fiscal 2027 EPS guidance of $4.05–$4.35 also remains encouraging.
• Neutral Sentiment: Management’s technology-conference appearance offered no clearly new catalyst. Lumentum presented at the Deutsche Bank 2026 Technology Conference, where investors focused on its AI-product outlook, capacity expansion and execution. The supplied transcript did not identify a specific new forecast or announcement. Lumentum Deutsche Bank Technology Conference Transcript
• Negative Sentiment: Sector-wide risk-off trading pressured the stock. Applied Optoelectronics and Lumentum reportedly fell about 6%, while Coherent declined about 5%, as the optics stocks that led the August rally pulled back together. A Barron’s report suggested the declines reflected peer-related sympathy selling rather than company-specific news. Optics Stocks Slide as AI Hardware Trade Cools
• Negative Sentiment: Several insiders sold shares. SVP Jae Kim sold 12,000 shares for approximately $10.2 million, while Vincent Retort sold 38,663 shares for about $33.0 million. CEO Michael Hurlston sold 548 shares for roughly $525,000. The transactions were conducted under pre-arranged Rule 10b5-1 plans, limiting their value as a discretionary bearish signal, but they add a modest overhang after the stock’s substantial rally. SEC CEO Insider Trading Filing
• Negative Sentiment: Valuation and competition heighten volatility. With LITE trading near its 52-week high, investors may be particularly sensitive to profit-taking, execution problems or competition from Cisco and NVIDIA in AI connectivity.

Lumentum Stock Performance

LITE stock opened at $895.00 on Monday. Lumentum Holdings Inc. has a 1-year low of $125.00 and a 1-year high of $1,085.68. The firm has a market cap of $80.28 billion, a P/E ratio of -10.89 and a beta of 1.50. The business's 50 day moving average is $811.83 and its 200-day moving average is $806.69. 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 (NASDAQ:LITE - Get Free Report) last posted its earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.97 by $0.26. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. During the same quarter last year, the company earned $0.88 EPS. Lumentum's revenue was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities analysts anticipate that Lumentum Holdings Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

LITE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Lumentum from $1,165.00 to $1,280.00 and gave the company an "overweight" rating in a research note on Wednesday, August 12th. Loop Capital boosted their target price on shares of Lumentum from $900.00 to $1,400.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Barclays upped 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. Stifel Nicolaus raised their price target on Lumentum from $800.00 to $1,100.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings lowered Lumentum from a "hold (c-)" rating to a "sell (d-)" rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lumentum presently has an average rating of "Moderate Buy" and an average price target of $1,044.67.

Insider Transactions at Lumentum

In other news, insider Vincent Retort sold 38,663 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $852.59, for a total transaction of $32,963,687.17. Following the completion of the sale, the insider owned 78,440 shares of the company's stock, valued at approximately $66,877,159.60. This trade represents a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Isaac Hosojiro Harris sold 1,416 shares of Lumentum stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the completion of the transaction, the director owned 6,984 shares of the company's stock, valued at $6,984,558.72. This trade 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. Over the last 90 days, insiders sold 64,563 shares of company stock valued at $55,448,750. 0.43% of the stock is owned by company insiders.

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.

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