Lumentum Holdings Inc. $LITE Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. reduced its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 19.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,780 shares of the technology company's stock after selling 18,064 shares during the period. Lumentum makes up about 1.8% of Braun Stacey Associates Inc.'s holdings, making the stock its 12th largest position. Braun Stacey Associates Inc. owned about 0.09% of Lumentum worth $63,308,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. SPX Gestao de Recursos Ltda purchased a new stake in Lumentum during the second quarter worth about $6,435,000. Archer Investment Corp purchased a new stake in Lumentum in the 2nd quarter valued at approximately $401,000. Kingsview Wealth Management LLC purchased a new stake in shares of Lumentum in the second quarter valued at $592,000. Beacon Pointe Advisors LLC purchased a new position in Lumentum in the 2nd quarter valued at about $1,567,000. Finally, Kimelman & Baird LLC acquired a new stake in Lumentum during the second quarter worth approximately $1,934,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LITE shares. Morgan Stanley raised their price target 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. Jefferies Financial Group reaffirmed a "buy" rating and set a $1,200.00 price target on shares of Lumentum in a research report on Wednesday, May 6th. Craig Hallum upped their price target on Lumentum from $900.00 to $1,150.00 in a report on Wednesday, May 6th. Citigroup reissued a "buy" rating on shares of Lumentum in a research report on Wednesday, August 12th. Finally, TD Cowen raised their price target on shares of Lumentum from $800.00 to $820.00 and gave the stock a "hold" rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,044.67.

Insider Buying and Selling

In other news, Director Isaac Hosojiro Harris sold 1,416 shares of the firm's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the transaction, the director directly owned 6,984 shares of the company's stock, valued at approximately $6,984,558.72. This trade represents a 16.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael E. Hurlston sold 548 shares of the firm's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $958.66, for a total transaction of $525,345.68. Following the transaction, the chief executive officer directly owned 186,951 shares in the company, valued at approximately $179,222,445.66. The trade was a 0.29% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 64,563 shares of company stock valued at $55,448,750. Company insiders own 0.43% of the company's stock.

Trending Headlines about Lumentum

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 Trading Down 6.4%

NASDAQ:LITE opened at $895.00 on Friday. The business has a 50 day simple moving average of $811.83 and a 200 day simple moving average of $805.08. The firm has a market capitalization of $80.28 billion, a P/E ratio of -10.89 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. Lumentum Holdings Inc. has a 12-month low of $125.00 and a 12-month high of $1,085.68.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $987.70 million. During the same quarter last year, the company earned $0.88 EPS. The company'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. Equities research analysts predict that Lumentum Holdings Inc. will post 19.76 EPS for the current year.

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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