Lumentum Holdings Inc. $LITE is Global Trust Asset Management LLC’s 3rd Largest Position

Global Trust Asset Management LLC reduced its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 19.2% during the first quarter, Holdings Channel reports. The fund owned 14,730 shares of the technology company’s stock after selling 3,496 shares during the period. Lumentum comprises about 4.0% of Global Trust Asset Management LLC’s investment portfolio, making the stock its 3rd biggest position. Global Trust Asset Management LLC’s holdings in Lumentum were worth $10,352,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in LITE. Hilton Head Capital Partners LLC bought a new stake in shares of Lumentum in the 1st quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its holdings 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 purchasing an additional 131 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Lumentum during the 4th quarter valued at $28,000. Truvestments Capital LLC raised its position in Lumentum by 300.0% in the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after purchasing an additional 57 shares during the period. Finally, Triumph Capital Management purchased a new position in Lumentum in the 4th quarter worth $30,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Brian Lillie sold 11,951 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $981.64, for a total transaction of $11,731,579.64. Following the transaction, the director owned 13,959 shares in the company, valued at $13,702,712.76. The trade was a 46.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian Small sold 4,954 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the completion of the transaction, the director directly owned 21,008 shares of the company’s stock, valued at approximately $18,236,414.56. The trade was a 19.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 41,260 shares of company stock worth $38,859,220. Company insiders own 0.43% of the company’s stock.

Lumentum Price Performance

LITE opened at $858.06 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. The stock has a market capitalization of $66.76 billion, a PE ratio of 158.90 and a beta of 1.47. The stock’s 50 day moving average price is $899.51 and its 200-day moving average price is $677.61. Lumentum Holdings Inc. has a 52-week low of $88.37 and a 52-week high of $1,085.68.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The company had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm’s revenue was up 90.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities research analysts predict that Lumentum Holdings Inc. will post 6.4 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on LITE. Susquehanna raised their price objective on Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a research note on Monday, April 20th. Mizuho set a $1,100.00 target price on Lumentum in a research note on Wednesday, May 6th. JPMorgan Chase & Co. increased their target price on Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. BNP Paribas Exane raised their price target on Lumentum from $1,040.00 to $1,300.00 in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,200.00 price target on shares of Lumentum in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.95.

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.