Elevation Point Wealth Partners LLC Buys New Shares in Lumentum Holdings Inc. $LITE

Elevation Point Wealth Partners LLC bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,663 shares of the technology company’s stock, valued at approximately $1,427,000.

Other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its holdings in Lumentum by 18.7% in 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. Geode Capital Management LLC increased its stake in shares of Lumentum by 9.6% during the fourth 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. Situational Awareness LP lifted its holdings in 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 during the last quarter. Norges Bank acquired a new position in Lumentum in the 4th quarter valued at $474,495,000. Finally, Value Aligned Research Advisors LLC bought a new position in Lumentum during the 4th quarter worth $432,062,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LITE. Bank of America dropped their price objective on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a report on Wednesday, August 12th. Mizuho upped their price objective on shares of Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. B. Riley Financial reissued a “buy” rating on shares of Lumentum in a report on Friday, May 1st. TD Cowen boosted their target price on shares of Lumentum from $800.00 to $820.00 and gave the company a “hold” rating in a research report on Wednesday, August 12th. Finally, Northland Securities increased their price target on shares of Lumentum from $1,000.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average price target of $1,044.67.

Lumentum Price Performance

LITE stock opened at $866.71 on Monday. The company has a fifty day moving average price of $809.76 and a 200-day moving average price of $792.80. The company has a market capitalization of $77.74 billion, a P/E ratio of -10.54 and a beta of 1.50. Lumentum Holdings Inc. has a 52-week low of $115.89 and a 52-week high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.68.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. During the same period last year, the company earned $0.88 earnings per share. The firm’s revenue 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 expect that Lumentum Holdings Inc. will post 19.76 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Jae Kim sold 1,904 shares of Lumentum stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,576,169.28. Following the completion of the sale, the senior vice president owned 42,096 shares of the company’s stock, valued at approximately $34,847,910.72. This trade represents a 4.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Isaac Hosojiro Harris sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $860.00, for a total value of $3,440,000.00. Following the sale, the director directly owned 8,400 shares of the company’s stock, valued at $7,224,000. This represents a 32.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 16,352 shares of company stock valued at $14,315,562 over the last 90 days. 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: Northland Securities raised its Lumentum earnings forecasts substantially. The firm lifted its FY2027 EPS estimate to $19.81 from $14.97, with quarterly estimates now ranging from $3.81 in Q1 to $6.20 in Q4. Northland maintained an “Outperform” rating and a $1,200 price target, supporting the bullish case for continued earnings growth. Northland Securities analyst estimate report
• Positive Sentiment: Lumentum is being highlighted as an AI-infrastructure beneficiary. Analysts and financial publications point to rising demand for optical networking equipment as data centers expand to support artificial intelligence workloads. Lumentum is positioned across the optics and networking portions of that buildout. Beyond Chipmakers: 4 Stocks to Buy That Power AI Data Center Expansion
• Positive Sentiment: LITE was added to Zacks’ Rank #1 momentum-stock list. The designation may attract momentum-oriented investors and reinforces the stock’s strong recent performance. Best Momentum Stocks to Buy for August 21st
• Neutral Sentiment: A report on data-center construction emphasized the enormous fiber requirements of new AI facilities, a potential long-term demand driver for optical-component suppliers such as Lumentum. However, the article provided limited company-specific financial updates. A Single Meta Data Center Will Require “8 Million Miles of Fiber”
• Negative Sentiment: Valuation concerns could be limiting further upside. A Seeking Alpha analysis characterized Lumentum as increasingly expensive after its sharp rally. With the shares near their 52-week high and the company still reporting a negative net margin, some investors may be taking profits despite the favorable growth outlook. Lumentum: It’s Getting Expensive

Lumentum Company 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.