SteelPeak Wealth LLC Decreases Stake in Lumentum Holdings Inc. $LITE

Key Points

• SteelPeak Wealth LLC sharply reduced its Lumentum stake by 92.6% in the first quarter, selling 6,653 shares and ending with 532 shares valued at about $374,000.
• Lumentum posted strong recent results, including Q2 earnings of $2.37 per share, which beat estimates, and revenue that surged 90.1% year over year to $808.4 million.
• Wall Street remains broadly positive on the stock, with 14 Buy ratings, 7 Hold ratings, and an average price target of $1,012.67, even as some insiders have sold shares and a few analysts have turned more cautious.

SteelPeak Wealth LLC cut its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) by 92.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 532 shares of the technology company's stock after selling 6,653 shares during the quarter. SteelPeak Wealth LLC's holdings in Lumentum were worth $374,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Hilton Head Capital Partners LLC acquired a new stake in shares of Lumentum in the first quarter valued at about $25,000. Sachetta LLC boosted its holdings in Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company's stock worth $25,000 after buying an additional 19 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Lumentum during the fourth quarter worth about $28,000. Truvestments Capital LLC grew its position in Lumentum by 300.0% during the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company's stock worth $28,000 after buying an additional 57 shares during the period. Finally, Triumph Capital Management acquired a new position in Lumentum during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Lumentum Stock Performance

NASDAQ:LITE opened at $732.82 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $57.01 billion, a P/E ratio of 135.71 and a beta of 1.48. The firm has a 50-day moving average price of $865.06 and a two-hundred day moving average price of $710.76. Lumentum Holdings Inc. has a twelve month low of $97.55 and a twelve month high of $1,085.68.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.10. The company had revenue of $808.40 million for the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company's revenue for the quarter was up 90.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, research analysts expect that Lumentum Holdings Inc. will post 6.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LITE has been the subject of a number of research reports. Morgan Stanley lifted their price target on shares of Lumentum from $710.00 to $900.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 6th. Zacks Research cut Lumentum from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. BNP Paribas Exane raised their price objective on Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Loop Capital raised their price objective on Lumentum from $900.00 to $1,400.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Lumentum from $950.00 to $1,130.00 and gave the stock an "overweight" rating in a report on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,012.67.

Insider Activity

In related news, Director Ian Small sold 4,954 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total value of $4,300,418.78. Following the sale, the director owned 21,008 shares of the company's stock, valued at approximately $18,236,414.56. This represents a 19.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian Lillie sold 11,951 shares of the company's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $981.64, for a total value of $11,731,579.64. Following the completion of the sale, the director directly owned 13,959 shares in the company, valued at approximately $13,702,712.76. The trade was a 46.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 41,260 shares of company stock worth $38,859,220. 0.43% of the stock is owned by corporate insiders.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analysts highlighted Lumentum’s record laser-chip shipments and capacity expansion, suggesting the company is well positioned to benefit from surging AI networking demand. Can Lumentum's AI Laser Chip Demand Accelerate Revenue Growth?
• Positive Sentiment: Lumentum was upgraded to Zacks Rank #2 (Buy) after earnings estimates were raised, which signals improving sentiment around near-term earnings prospects. Lumentum (LITE) Upgraded to Buy: What Does It Mean for the Stock?
• Positive Sentiment: Coverage comparing Lumentum with Applied Digital favored Lumentum’s stronger execution, AI-driven growth, and lower valuation, reinforcing the stock’s appeal to growth investors. LITE vs. APLD: Which AI Infrastructure Stock Offers Better Growth?
• Neutral Sentiment: UBS reaffirmed its Hold rating, which may temper enthusiasm even as the broader AI-demand story remains constructive. UBS Reaffirms Their Hold Rating on Lumentum Holdings (LITE)
• Neutral Sentiment: Citi’s addition of Lumentum to a 90-day catalyst watch suggests traders are watching for near-term catalysts, but it does not by itself change the fundamental outlook. Lumentum in focus as Citi adds 90-day catalyst watch
• Negative Sentiment: Some articles point to valuation and analyst-watch attention rather than confirmed new financial results, so the stock could be vulnerable if AI demand growth or execution does not continue to meet high expectations.

Lumentum Company 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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