Focus Partners Advisor Solutions LLC Acquires New Shares in Lumentum Holdings Inc. $LITE

Key Points

• Focus Partners Advisor Solutions LLC acquired 1,332 Lumentum shares in the second quarter, valued at approximately $1.14 million. Institutional investors collectively own 94.05% of the company.
• Lumentum reported quarterly EPS of $3.23 versus the $2.97 consensus estimate, while revenue rose 109.3% year over year to $1.01 billion; management guided to fiscal Q1 2027 EPS of $4.05–$4.35.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $1,044.67 price target, though elevated valuation, execution risks and recent insider selling could contribute to volatility.

Focus Partners Advisor Solutions LLC purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,332 shares of the technology company's stock, valued at approximately $1,143,000.

Other large investors have also made changes to their positions in the company. 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 increased 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 purchasing an additional 6,275 shares during the last quarter. Empowered Funds LLC increased its stake 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 worth $507,000 after purchasing an additional 680 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Lumentum during the 2nd quarter valued at $298,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Lumentum during the 2nd quarter valued at $1,712,000. Institutional investors own 94.05% of the company's stock.

Trending Headlines about Lumentum

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.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LITE. Craig Hallum upped their price objective on shares of Lumentum from $900.00 to $1,150.00 in a report on Wednesday, May 6th. Barclays raised their target price on Lumentum from $750.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Wednesday, May 6th. TD Cowen upped their price target on Lumentum from $800.00 to $820.00 and gave the stock a "hold" rating in a research note on Wednesday. UBS Group set a $820.00 price objective on Lumentum in a report on Wednesday. Finally, B. Riley Financial reissued a "buy" rating on shares of Lumentum in a research note on Friday, May 1st. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,044.67.

Lumentum Stock Performance

Shares of LITE opened at $926.14 on Monday. The company has a market capitalization of $72.05 billion, a PE ratio of -11.27 and a beta of 1.50. Lumentum Holdings Inc. has a one year low of $111.20 and a one year high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The company's fifty day moving average price is $809.08 and its 200 day moving average price is $775.45.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business's quarterly revenue was up 109.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, analysts expect that Lumentum Holdings Inc. will post 16.97 earnings per share for the current year.

Insider Activity

In related news, Director Ian Small sold 4,954 shares of the business's stock in a transaction dated 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 completion of the transaction, the director owned 21,008 shares of the company's stock, valued at approximately $18,236,414.56. The trade was a 19.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Isaac Hosojiro Harris sold 4,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $860.00, for a total value of $3,440,000.00. Following the sale, the director owned 8,400 shares of the company's stock, valued at approximately $7,224,000. The trade was a 32.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 10,370 shares of company stock valued at $9,156,532 in the last three months. 0.43% of the stock is owned by insiders.

Lumentum Profile

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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