M & L Capital Management Ltd Takes Position in Lumentum Holdings Inc. $LITE

Key Points

• M & L Capital Management Ltd purchased a new position of 39,150 shares of Lumentum in Q4, valued at approximately $14.43 million, making up about 3.0% of the fund's portfolio and roughly 0.06% of Lumentum's shares.
• Lumentum reported a strong quarter with EPS of $1.67 (vs. $1.41 est.) and revenue of $665.5M (up 65.5% YoY), and issued Q3 2026 EPS guidance of 2.150–2.350.
• Analysts have been raising targets — notably Stifel to $800, JPMorgan to $565 and UBS to $455 — leaving a MarketBeat average target of $575.06 and a consensus rating of "Moderate Buy".

M & L Capital Management Ltd purchased a new position in Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 39,150 shares of the technology company's stock, valued at approximately $14,430,000. Lumentum makes up about 3.0% of M & L Capital Management Ltd's investment portfolio, making the stock its 6th biggest holding. M & L Capital Management Ltd owned about 0.06% of Lumentum as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its holdings in shares of Lumentum by 707.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company's stock valued at $366,555,000 after buying an additional 871,249 shares during the last quarter. Diversified Trust Co. purchased a new position in Lumentum in the 4th quarter worth approximately $251,000. Marshall Financial Group LLC bought a new position in Lumentum in the 4th quarter valued at approximately $2,351,000. Chesapeake Asset Management LLC bought a new position in Lumentum in the 4th quarter valued at approximately $37,000. Finally, Wedmont Private Capital purchased a new stake in Lumentum during the 4th quarter valued at $452,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Lumentum to $565.00 and gave the stock an "overweight" rating in a report on Wednesday, February 4th. UBS Group upped their price target on Lumentum from $215.00 to $455.00 and gave the company a "neutral" rating in a report on Wednesday, February 4th. Zacks Research raised Lumentum from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 2nd. Stifel Nicolaus lifted their price objective on Lumentum to $800.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Finally, Bank of America boosted their target price on Lumentum to $520.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $575.06.

Lumentum Stock Up 3.2%

LITE stock opened at $728.95 on Tuesday. The company has a market cap of $52.05 billion, a price-to-earnings ratio of 223.60 and a beta of 1.38. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The business's 50-day moving average is $549.93 and its two-hundred day moving average is $355.60. Lumentum Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $787.45.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.26. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The business had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. During the same period in the previous year, the company posted $0.42 EPS. The business's quarterly revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Insider Buying and Selling at Lumentum

In other Lumentum news, insider Yuen Wupen sold 3,157 shares of the company's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the completion of the sale, the insider directly owned 88,439 shares of the company's stock, valued at approximately $47,580,182. This represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Penny Herscher sold 4,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $597.29, for a total transaction of $2,389,160.00. Following the completion of the transaction, the director owned 2,057 shares in the company, valued at $1,228,625.53. The trade was a 66.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 65,775 shares of company stock valued at $38,851,343. 0.43% of the stock is owned by corporate insiders.

Lumentum Profile

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.

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