Beese Fulmer Investment Management 13F: Cuts LITE Stake by $1.4M

Beese Fulmer Investment Management reduced its stake in Lumentum Holdings Inc. LITE during the third quarter, according to a Form 13F filed with the SEC on October 23, 2026. The firm cut its holdings by 1,468 shares, leaving it with 2,724 shares. The remaining position was valued at about $2.65 million at the end of the period.

LITE Lumentum Holdings Inc.

$756.17 ▲ +95.84% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Beese Fulmer Investment Management's Lumentum Holdings Inc. Position

The fund trimmed its Lumentum position by a 35.0% margin, dropping from 4,192 shares down to 2,724 shares.

Other Institutional Activity in Lumentum Holdings Inc.

Other large investors adjusted their holdings in the optical components maker around the same time. Mutual of America Capital Management grew its holdings by 1,972 shares, ending with 13,275 shares worth about $12.89 million. Amanah Holdings Trust sold out entirely, getting rid of all 135,000 shares. Jupiter Topco LLC added 944,804 shares for a 100.0% increase, finishing with 1,889,608 shares valued at $1.43 billion. Arrowstreet Capital, Limited Partnership grew its stake by 965,700 shares, a 238.5% increase to reach 1,370,571 shares worth $1.04 billion.

Lumentum Holdings Inc. Stock Up 0.5%

Lumentum shares recently traded around $756.35 on October 24, 2026, roughly equal to the closing price of $756.17 on the filing date. The stock sits 33.8% below its 52-week high of $1,143.00 and 335.4% above its 52-week low of $173.73. The recent share price places it below both its 50-day moving average of $925.24 and its 200-day moving average of $788.04. The consensus analyst target price stands at $1,165.03, leaving the recent price 35.1% below that mean target.

Recent Earnings

Lumentum reported trailing twelve month revenue of $3.01 billion alongside a negative earnings per share of $92.96. The company posted a net margin of -230.1% and a return on equity of -240.0%. Its next quarterly financial update is scheduled for November 5, 2026.

Insider Buying and Selling at Lumentum Holdings Inc.

Company officer Yuen Wupen completed four separate sales between September 10, 2026, and September 29, 2026, disposing of blocks ranging from 807 to 1,500 shares for a combined total value exceeding $4.9 million.

Analysts Set New Price Targets

Wall Street analysts updated their views on Lumentum ahead of the filing. Citigroup maintained a Buy rating with a $1,400.00 target on September 28, 2026. Bernstein initiated coverage with an Outperform rating and a $1,220.00 target on September 30, 2026. Rosenblatt maintained a Buy rating at $1,300.00 on October 5, 2026. Stifel kept a Buy rating while lifting its target to $1,232.00 on October 5, 2026. Jefferies maintained a Buy rating and raised its target to $1,250.00 on October 21, 2026. The stock carries an overall consensus recommendation of Buy from 27 analysts.

About Lumentum Holdings Inc.

Lumentum Holdings Inc. designs and manufactures optical and photonic products used in telecommunications, datacenters, and industrial applications. Based in San Jose, California, the company produces semiconductor laser chips, optical modules, and high-powered industrial lasers that support high-speed data transmission and advanced manufacturing.

Bottom Line

Investors are keeping a close watch on Lumentum as it approaches its upcoming earnings release on November 5, 2026. Institutional shifts and insider transaction patterns point to active repositioning among major holders.