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

Key Points

• Broad Peak Investment Advisers Pte Ltd has acquired a new stake in Lumentum Holdings Inc. worth approximately $41.2 million, making Lumentum 12.9% of Broad Peak's total holdings.
• Several institutional investors have adjusted their positions in Lumentum, with Vanguard Group Inc. increasing its holdings by 0.6% in the first quarter, now owning over $463 million in shares.
• Research analysts have recently set new price targets for Lumentum, with Citigroup providing a target of $165.00 and Morgan Stanley raising theirs to $145.00.

Broad Peak Investment Advisers Pte Ltd acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 433,780 shares of the technology company's stock, valued at approximately $41,235,000. Lumentum comprises 12.9% of Broad Peak Investment Advisers Pte Ltd's holdings, making the stock its 6th biggest position. Broad Peak Investment Advisers Pte Ltd owned approximately 0.63% of Lumentum at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Lumentum by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company's stock valued at $463,198,000 after buying an additional 47,811 shares during the last quarter. PointState Capital LP bought a new position in Lumentum during the 1st quarter worth approximately $213,503,000. Atreides Management LP raised its holdings in Lumentum by 6.8% during the 1st quarter. Atreides Management LP now owns 1,875,257 shares of the technology company's stock worth $116,904,000 after purchasing an additional 119,938 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Lumentum by 1.1% during the 1st quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company's stock worth $107,913,000 after purchasing an additional 19,085 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in Lumentum by 26.9% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,063,529 shares of the technology company's stock worth $66,300,000 after purchasing an additional 225,240 shares during the last quarter. Institutional investors own 94.05% of the company's stock.

Insider Activity at Lumentum

In related news, insider Yuen Wupen sold 3,281 shares of Lumentum stock in a transaction on 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 of the company's stock, valued at approximately $12,644,946.78. This trade represents a 3.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Julia Suzanne Johnson sold 1,250 shares of Lumentum stock in a transaction on Monday, August 18th. The shares were sold at an average price of $119.06, for a total transaction of $148,825.00. Following the completion of the sale, the director directly owned 22,037 shares of the company's stock, valued at approximately $2,623,725.22. The trade was a 5.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,687 shares of company stock worth $4,759,552. Corporate insiders own 0.43% of the company's stock.

Lumentum Stock Performance

Shares of LITE stock opened at $160.56 on Tuesday. The company has a market cap of $11.39 billion, a price-to-earnings ratio of 698.09 and a beta of 1.42. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $178.49. The company has a quick ratio of 3.18, a current ratio of 4.37 and a debt-to-equity ratio of 2.26. The firm has a 50 day moving average of $143.46 and a 200-day moving average of $101.05.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. The company had revenue of $480.70 million during the quarter, compared to the consensus estimate of $465.27 million. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The company's quarterly revenue was up 55.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. On average, equities analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on LITE shares. KGI Securities started coverage on shares of Lumentum in a report on Monday, August 18th. They set an "outperform" rating for the company. Morgan Stanley raised their price target on shares of Lumentum from $100.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday. Citigroup started coverage on shares of Lumentum in a report on Friday, August 29th. They set a "buy" rating and a $165.00 price target for the company. Wall Street Zen upgraded shares of Lumentum from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Lumentum in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lumentum presently has a consensus rating of "Moderate Buy" and a consensus target price of $136.57.

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.

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