Broad Peak Investment Advisers Pte Ltd Purchases New Stake in Lumentum Holdings Inc. $LITE

Broad Peak Investment Advisers Pte Ltd purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the 2nd quarter, HoldingsChannel reports. The fund purchased 433,780 shares of the technology company’s stock, valued at approximately $41,235,000. Lumentum accounts for 12.9% of Broad Peak Investment Advisers Pte Ltd’s portfolio, making the stock its 6th biggest position.

Several other hedge funds have also bought and sold shares of LITE. PointState Capital LP acquired a new stake in Lumentum in the 1st quarter valued at $213,503,000. Analog Century Management LP purchased a new position in Lumentum during the 1st quarter worth $60,348,000. Channing Capital Management LLC purchased a new position in Lumentum during the 1st quarter worth $36,715,000. Nuveen LLC purchased a new position in Lumentum during the 1st quarter worth $27,054,000. Finally, Junto Capital Management LP purchased a new position in Lumentum during the 1st quarter worth $20,974,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insiders Place Their Bets

In related news, insider Vincent Retort sold 22,719 shares of the business’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $110.00, for a total value of $2,499,090.00. Following the sale, the insider directly owned 121,747 shares in the company, valued at approximately $13,392,170. The trade was a 15.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Yuen Wupen sold 3,281 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $124.86, for a total value of $409,665.66. Following the completion of the sale, the insider owned 101,273 shares in the company, valued at $12,644,946.78. This represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,687 shares of company stock worth $4,759,552 in the last ninety days. 0.43% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LITE. Rosenblatt Securities lifted their price objective on shares of Lumentum from $150.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Citigroup began coverage on shares of Lumentum in a report on Friday, August 29th. They set a “buy” rating and a $165.00 price objective on the stock. Barclays lifted their price objective on shares of Lumentum from $135.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, September 9th. Morgan Stanley lifted their price objective on shares of Lumentum from $100.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, UBS Group lifted their target price on Lumentum from $78.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $136.57.

Lumentum Trading Up 7.3%

NASDAQ LITE opened at $160.56 on Tuesday. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 698.09 and a beta of 1.42. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $178.49. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.37 and a quick ratio of 3.18. The business’s fifty day moving average is $143.46 and its 200-day moving average is $101.05.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, August 12th. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The company had revenue of $480.70 million for the quarter, compared to analysts’ expectations of $465.27 million. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.The business’s revenue for the quarter was up 55.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 EPS. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Equities research analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

About Lumentum

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.