Lecap Asset Management Ltd. Acquires 2,890 Shares of Lumentum Holdings Inc. $LITE

Key Points

• Lecap Asset Management Ltd. increased its stake in Lumentum Holdings Inc. by 36.4%, bringing its total holdings to 10,825 shares valued at $1,029,000 as of the end of the most recent reporting period.
• Lumentum reported a 55.9% year-over-year increase in quarterly revenue, achieving $480.70 million and exceeding analyst expectations.
• Several analysts have adjusted their ratings on Lumentum, with Bank of America raising their price target to $135.00 and Barclays to $165.00, indicating a generally positive outlook for the stock.

Lecap Asset Management Ltd. boosted its holdings in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 36.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,825 shares of the technology company's stock after buying an additional 2,890 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Lumentum were worth $1,029,000 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. Skandinaviska Enskilda Banken AB publ bought a new position in Lumentum during the 1st quarter worth approximately $25,000. Rakuten Securities Inc. raised its holdings in Lumentum by 164.4% during the 1st quarter. Rakuten Securities Inc. now owns 476 shares of the technology company's stock worth $30,000 after purchasing an additional 296 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Lumentum by 103.2% during the 1st quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company's stock worth $32,000 after purchasing an additional 260 shares during the last quarter. SVB Wealth LLC bought a new position in Lumentum during the 1st quarter worth approximately $40,000. Finally, UMB Bank n.a. raised its holdings in Lumentum by 132.9% during the 1st quarter. UMB Bank n.a. now owns 785 shares of the technology company's stock worth $49,000 after purchasing an additional 448 shares during the last quarter. Institutional investors own 94.05% of the company's stock.

Lumentum Stock Performance

Shares of LITE stock opened at $169.75 on Friday. The firm has a market capitalization of $11.87 billion, a PE ratio of 738.04 and a beta of 1.42. The firm has a fifty day simple moving average of $136.35 and a two-hundred day simple moving average of $96.15. The company has a current ratio of 4.37, a quick ratio of 3.18 and a debt-to-equity ratio of 2.26. Lumentum Holdings Inc. has a 12 month low of $45.65 and a 12 month high of $178.49.

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

Analysts Set New Price Targets

LITE has been the subject of several analyst reports. KGI Securities initiated coverage on shares of Lumentum in a report on Monday, August 18th. They set an "outperform" rating for the company. B. Riley raised their price target on shares of Lumentum from $73.00 to $83.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Bank of America upgraded shares of Lumentum from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $78.00 to $135.00 in a report on Wednesday, August 13th. Barclays lifted their price objective on shares of Lumentum from $135.00 to $165.00 and gave the company an "overweight" rating in a research note on Tuesday, September 9th. Finally, Wolfe Research initiated coverage on shares of Lumentum in a research note on Tuesday, August 12th. They issued an "outperform" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $133.36.

Insider Activity

In other Lumentum news, insider Yuen Wupen sold 3,282 shares of Lumentum stock in a transaction on Monday, August 25th. The shares were sold at an average price of $119.25, for a total transaction of $391,378.50. Following the transaction, the insider directly owned 104,554 shares of the company's stock, valued at $12,468,064.50. The trade was a 3.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jae Kim sold 4,507 shares of Lumentum stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $116.88, for a total transaction of $526,778.16. Following the transaction, the senior vice president directly owned 33,465 shares in the company, valued at $3,911,389.20. This represents a 11.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,687 shares of company stock worth $4,759,552. Company insiders own 0.19% of the company's stock.

Lumentum Profile

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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