M & L Capital Management Ltd Makes New Investment in Lumentum Holdings Inc. $LITE

M & L Capital Management Ltd acquired a new position in Lumentum Holdings Inc. (NASDAQ:LITE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 39,150 shares of the technology company’s stock, valued at approximately $14,430,000. Lumentum accounts for approximately 3.0% of M & L Capital Management Ltd’s holdings, making the stock its 6th biggest holding.

A number of other large investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its stake in shares of Lumentum by 363.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after acquiring an additional 131 shares during the period. Danske Bank A S bought a new stake in Lumentum during the 3rd quarter worth approximately $33,000. Chesapeake Asset Management LLC purchased a new position in Lumentum during the fourth quarter valued at approximately $37,000. MAI Capital Management lifted its holdings in Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after purchasing an additional 96 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new position in shares of Lumentum in the third quarter worth approximately $49,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LITE shares. B. Riley Financial raised shares of Lumentum from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $147.00 to $526.00 in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 29th. JPMorgan Chase & Co. increased their price target on Lumentum to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Susquehanna raised their price target on Lumentum to $550.00 and gave the company a “positive” rating in a report on Wednesday, February 4th. Finally, Citigroup boosted their price objective on Lumentum to $560.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Lumentum currently has a consensus rating of “Moderate Buy” and a consensus price target of $575.06.

Lumentum Stock Up 3.2%

Shares of LITE opened at $728.95 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The stock has a market capitalization of $52.05 billion, a price-to-earnings ratio of 223.60 and a beta of 1.38. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $787.45. The business’s 50 day simple moving average is $549.93 and its 200-day simple moving average is $355.60.

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

Insider Buying and Selling at Lumentum

In other news, insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $591.32, for a total value of $26,624,774.32. Following the sale, the insider directly owned 102,455 shares in the company, valued at $60,583,690.60. The trade was a 30.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Yuen Wupen sold 3,157 shares of the company’s stock in a transaction dated 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 sale, the insider owned 88,439 shares in the company, valued at $47,580,182. This represents a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 65,775 shares of company stock valued at $38,851,343. Corporate insiders own 0.43% of the company’s stock.

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.