Corient Private Wealth LP Has $8.85 Million Stock Holdings in Lumentum Holdings Inc. $LITE

Key Points

• Corient Private Wealth more than doubled its Lumentum stake in the second quarter, adding 5,368 shares to hold 10,318 shares worth approximately $8.85 million.
• Institutional investors own 94.05% of Lumentum’s stock, with several major funds—including Jupiter Topco, Amundi and WT Asset Management—initiating or significantly increasing positions.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $1,053.83. Lumentum also exceeded quarterly earnings and revenue expectations, reporting revenue growth of 109.3% year over year.

Corient Private Wealth LP grew its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 108.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,318 shares of the technology company's stock after buying an additional 5,368 shares during the quarter. Corient Private Wealth LP's holdings in Lumentum were worth $8,853,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LITE. Jupiter Topco LLC bought a new position in shares of Lumentum during the 2nd quarter worth approximately $1,621,396,000. Arrowstreet Capital Limited Partnership grew its position in shares of Lumentum by 18.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company's stock valued at $683,661,000 after acquiring an additional 291,591 shares during the period. Amundi raised its holdings in shares of Lumentum by 188.7% in the 2nd quarter. Amundi now owns 658,427 shares of the technology company's stock worth $564,970,000 after purchasing an additional 430,355 shares during the period. Geode Capital Management LLC raised its holdings in shares of Lumentum by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company's stock worth $521,563,000 after purchasing an additional 123,265 shares during the period. Finally, WT Asset Management Ltd purchased a new position in Lumentum in the second quarter valued at approximately $494,688,000. 94.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LITE has been the subject of a number of research reports. Raymond James Financial reiterated an "outperform" rating and set a $1,036.00 target price on shares of Lumentum in a research report on Wednesday, August 12th. Northland Securities boosted their price target on shares of Lumentum from $1,000.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Wednesday, June 3rd. Bank of America cut 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, August 12th. Evercore started coverage on Lumentum in a research note on Monday, August 31st. They set an "outperform" rating and a $1,100.00 price objective on the stock. Finally, Morgan Stanley raised their target price on Lumentum from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lumentum has an average rating of "Moderate Buy" and an average price target of $1,053.83.

Insider Activity

In other news, SVP Jae Kim sold 12,000 shares of Lumentum stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total transaction of $10,230,960.00. Following the completion of the sale, the senior vice president directly owned 37,804 shares of the company's stock, valued at approximately $32,230,934.32. The trade was a 24.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Hurlston sold 548 shares of the company's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $958.66, for a total value of $525,345.68. Following the completion of the transaction, the chief executive officer owned 186,951 shares of the company's stock, valued at $179,222,445.66. The trade was a 0.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 66,647 shares of company stock worth $57,172,641. 0.43% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: AI-driven optical-networking demand remains the central bullish theme. Investors continue to expect data-center and cloud infrastructure spending on high-speed optical components to support Lumentum’s multiyear growth prospects. Lumentum stock rises as Wall Street bets on AI optical networks
• Positive Sentiment: The sector rebound helped LITE lead the broader market. Reports characterized the move as an oversold bounce in optics stocks, with no single fresh headline explaining the rally. Lumentum stock rises as optical networking names rebound
• Positive Sentiment: Fundamentals and analyst sentiment remain supportive. Lumentum’s latest quarterly results exceeded earnings and revenue expectations, revenue more than doubled year over year, and management provided quarterly EPS guidance of $4.05 to $4.35. The consensus analyst rating is “Moderate Buy,” with a price target above recent trading levels. Lumentum AI capex and optical tailwinds
• Neutral Sentiment: Lumentum will present optical-communications technology and industry insights at ECOC 2026 in Spain from September 20–24. The event could provide updates on technology trends but has no immediate financial impact. Lumentum experts to share insights at ECOC 2026
• Negative Sentiment: An insider sold 500 shares under a pre-arranged Rule 10b5-1 plan. The transaction reduced the insider’s holdings by only 0.44%, making it a limited signal, although repeated sales may draw investor attention. Lumentum insider trading report

Lumentum Stock Performance

Shares of LITE opened at $919.40 on Thursday. Lumentum Holdings Inc. has a 12-month low of $144.52 and a 12-month high of $1,085.68. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The company has a market cap of $82.47 billion, a PE ratio of -11.18 and a beta of 1.53. The stock has a 50-day moving average price of $838.62 and a 200-day moving average price of $831.91.

Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The company had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $987.70 million. During the same period in the prior year, the business earned $0.88 earnings per share. Lumentum's revenue for the quarter was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, equities analysts forecast that Lumentum Holdings Inc. will post 19.78 earnings per share for the current fiscal year.

About Lumentum

Lumentum Holdings Inc NASDAQ: LITE designs and manufactures optical and photonic products used to transmit, process and control light. Its portfolio includes optical components, modules, subsystems, lasers and photonic integrated circuits that support communications networks, data centers, cloud infrastructure and industrial applications.

The company also supplies technologies for consumer electronics and 3D sensing, including laser-based products used in applications such as depth sensing and facial recognition.

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