Lumentum Holdings Inc. $LITE is Broad Peak Investment Advisers Pte Ltd’s 4th Largest Position

Broad Peak Investment Advisers Pte Ltd trimmed its position in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 62.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,580 shares of the technology company’s stock after selling 120,000 shares during the period. Lumentum makes up 10.5% of Broad Peak Investment Advisers Pte Ltd’s portfolio, making the stock its 4th biggest position. Broad Peak Investment Advisers Pte Ltd’s holdings in Lumentum were worth $51,709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC acquired a new stake in shares of Lumentum during the first quarter valued at about $25,000. Parallel Advisors LLC lifted its stake in shares of Lumentum by 16.0% in the fourth quarter. Parallel Advisors LLC now owns 326 shares of the technology company’s stock worth $120,000 after acquiring an additional 45 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Lumentum by 6.4% in the third quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock worth $128,000 after acquiring an additional 47 shares in the last quarter. UMB Bank n.a. boosted its holdings in Lumentum by 5.2% in the fourth quarter. UMB Bank n.a. now owns 968 shares of the technology company’s stock valued at $357,000 after purchasing an additional 48 shares during the last quarter. Finally, Truvestments Capital LLC boosted its holdings in Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

LITE has been the topic of several analyst reports. Loop Capital lifted their price objective on Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Rosenblatt Securities increased their target price on Lumentum from $900.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. TD Cowen raised their price target on shares of Lumentum from $875.00 to $995.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. B. Riley Financial restated a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $1,014.00 price target on shares of Lumentum in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.95.

Insiders Place Their Bets

In related news, Director Isaac Hosojiro Harris sold 4,000 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $860.00, for a total transaction of $3,440,000.00. Following the sale, the director owned 8,400 shares in the company, valued at $7,224,000. This represents a 32.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brian Lillie sold 11,951 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $981.64, for a total transaction of $11,731,579.64. Following the completion of the transaction, the director directly owned 13,959 shares in the company, valued at $13,702,712.76. This represents a 46.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 41,260 shares of company stock worth $38,859,220. Corporate insiders own 0.43% of the company’s stock.

Lumentum Stock Performance

Shares of LITE opened at $851.40 on Tuesday. The business’s fifty day moving average price is $900.23 and its 200 day moving average price is $674.14. Lumentum Holdings Inc. has a 12-month low of $88.37 and a 12-month high of $1,085.68. The stock has a market capitalization of $66.24 billion, a PE ratio of 157.67 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The firm had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The firm’s revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities research analysts forecast that Lumentum Holdings Inc. will post 6.4 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.