Beacon Harbor Wealth Advisors Inc. Makes New $7.45 Million Investment in Lumentum Holdings Inc. $LITE

Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 45,774 shares of the technology company’s stock, valued at approximately $7,448,000. Lumentum comprises 1.7% of Beacon Harbor Wealth Advisors Inc.’s holdings, making the stock its 19th largest position. Beacon Harbor Wealth Advisors Inc. owned approximately 0.06% of Lumentum as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in LITE. Steigerwald Gordon & Koch Inc. acquired a new position in Lumentum in the 3rd quarter valued at approximately $49,000. Cullen Frost Bankers Inc. bought a new stake in shares of Lumentum during the third quarter valued at approximately $49,000. FNY Investment Advisers LLC acquired a new position in shares of Lumentum in the second quarter valued at $38,000. MAI Capital Management lifted its position in Lumentum by 27.0% in the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after purchasing an additional 96 shares during the period. Finally, Quent Capital LLC bought a new position in Lumentum in the third quarter worth $95,000. Institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LITE. Mizuho increased their price objective on shares of Lumentum to $525.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group restated a “neutral” rating on shares of Lumentum in a research note on Wednesday. Rosenblatt Securities lifted their price objective on Lumentum to $580.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Finally, Stifel Nicolaus boosted their price target on Lumentum to $480.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Lumentum currently has a consensus rating of “Moderate Buy” and an average price target of $409.25.

Insider Activity at Lumentum

In other Lumentum news, CAO Matthew Joseph Sepe sold 4,232 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $239.63, for a total value of $1,014,114.16. Following the transaction, the chief accounting officer directly owned 43,544 shares in the company, valued at approximately $10,434,448.72. This trade represents a 8.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julia Suzanne Johnson sold 10,000 shares of Lumentum stock in a transaction on Monday, November 10th. The shares were sold at an average price of $270.39, for a total value of $2,703,900.00. Following the completion of the sale, the director directly owned 12,037 shares of the company’s stock, valued at $3,254,684.43. This trade represents a 45.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 28,612 shares of company stock valued at $7,317,398 in the last three months. 0.43% of the stock is currently owned by corporate insiders.

Lumentum Trading Up 6.9%

LITE stock opened at $465.04 on Thursday. The business has a fifty day moving average price of $359.23 and a 200 day moving average price of $232.54. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $504.58. The stock has a market capitalization of $32.97 billion, a price-to-earnings ratio of 142.65 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.41 by $0.26. Lumentum had a return on equity of 16.88% and a net margin of 11.95%.The company had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. The business’s revenue for the quarter was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q2 results materially beat expectations — EPS $1.67 vs. $1.41 est and revenue $665.5M (up ~65.5% Y/Y); management highlighted strong components and systems demand and big margin gains. Lumentum Announces Second Quarter of Fiscal Year 2026 Financial Results
• Positive Sentiment: Company issued above-consensus Q3 guidance (EPS 2.15–2.35; revenue guidance implying >$805M in some analyst write-ups), citing accelerating AI-related demand — a clear catalyst for near-term revenue and margin upside. Lumentum expects Q3 2026 revenue to surpass $805M as AI demand accelerates
• Positive Sentiment: Analysts quickly raised targets and ratings after the print — multiple firms (Mizuho, Rosenblatt, Stifel, BofA) lifted price targets and some issued buy/outperform calls, supporting further upside. Lumentum Analysts Increase Their Forecasts Following Better-Than-Expected Q2 Results
• Positive Sentiment: Zacks upgraded Lumentum to a Rank #1 (Strong Buy), adding to institutional and retail interest. Lumentum (LITE) Moves to Strong Buy: Rationale Behind the Upgrade
• Neutral Sentiment: Full earnings call transcript and slide deck are available for investors digging into segment-level detail and management commentary. Q2 Slide Deck / Press Release
• Negative Sentiment: Some caution remains — a few shops (e.g., BofA) kept neutral ratings despite higher targets, and valuation is rich (P/E >300 on trailing numbers), which could temper gains if growth or execution slips. Analyst Price Target Coverage

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.