SteelPeak Wealth LLC Makes New Investment in Lumentum Holdings Inc. $LITE

SteelPeak Wealth LLC purchased a new position in Lumentum Holdings Inc. (NASDAQ:LITE) in the fourth quarter, Holdings Channel reports. The fund purchased 7,185 shares of the technology company’s stock, valued at approximately $2,648,000.

Several other large investors also recently made changes to their positions in the stock. Chesapeake Asset Management LLC acquired a new stake in Lumentum in the 4th quarter worth approximately $37,000. EverSource Wealth Advisors LLC raised its position in shares of Lumentum by 363.9% in the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after purchasing an additional 131 shares during the period. Danske Bank A S acquired a new stake in shares of Lumentum in the third quarter worth $33,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Lumentum by 58.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock worth $76,000 after buying an additional 76 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Lumentum during the 3rd quarter worth $49,000. Institutional investors own 94.05% of the company’s stock.

Lumentum Stock Performance

Shares of Lumentum stock opened at $826.88 on Friday. The company’s fifty day moving average price is $622.91 and its two-hundred day moving average price is $391.32. The firm has a market capitalization of $59.04 billion, a PE ratio of 253.64 and a beta of 1.38. Lumentum Holdings Inc. has a 52-week low of $45.65 and a 52-week high of $827.56. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45.

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

Insider Buying and Selling

In related news, insider Yuen Wupen sold 3,157 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the completion of the transaction, the insider owned 88,439 shares in the company, valued at $47,580,182. This trade represents a 3.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vincent Retort sold 3,441 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total value of $1,878,028.98. Following the transaction, the insider owned 95,975 shares of the company’s stock, valued at $52,381,235.50. This represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 65,775 shares of company stock valued at $38,851,343 over the last ninety days. Company insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on LITE. Needham & Company LLC boosted their target price on shares of Lumentum to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Stifel Nicolaus lifted their price objective on Lumentum to $800.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Citigroup boosted their price objective on Lumentum to $560.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 29th. Finally, UBS Group increased their price objective on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and a consensus target price of $575.06.

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.