Lumentum Holdings Inc. $LITE Shares Acquired by Global Trust Asset Management LLC

Global Trust Asset Management LLC raised its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 52.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,226 shares of the technology company’s stock after buying an additional 6,291 shares during the period. Lumentum makes up 2.7% of Global Trust Asset Management LLC’s portfolio, making the stock its 10th biggest position. Global Trust Asset Management LLC’s holdings in Lumentum were worth $6,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its holdings in Lumentum by 363.9% during the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after purchasing an additional 131 shares in the last quarter. Danske Bank A S bought a new position in Lumentum during the 3rd quarter valued at $33,000. Chesapeake Asset Management LLC bought a new position in Lumentum during the 4th quarter valued at $37,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Lumentum during the 3rd quarter valued at $49,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Lumentum during the 3rd quarter valued at $49,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on LITE. B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $147.00 to $526.00 in a research report on Wednesday, February 4th. UBS Group raised their price objective on shares of Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Citigroup boosted their target price on shares of Lumentum to $560.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. increased their target price on shares of Lumentum to $565.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Finally, Rosenblatt Securities restated a “buy” rating and set a $900.00 target price on shares of Lumentum in a report on Wednesday, March 18th. Two equities research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $575.06.

Lumentum Stock Performance

NASDAQ:LITE opened at $826.88 on Friday. 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 Holdings Inc. has a fifty-two week low of $45.65 and a fifty-two week high of $827.56. The stock’s 50-day moving average is $622.91 and its two-hundred day moving average is $389.79. The stock has a market cap of $59.04 billion, a PE ratio of 253.64 and a beta of 1.38.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $646.74 million. During the same period last year, the company earned $0.42 earnings per share. Lumentum’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, equities research analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Penny Herscher sold 4,000 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $597.29, for a total value of $2,389,160.00. Following the completion of the sale, the director owned 2,057 shares in the company, valued at approximately $1,228,625.53. This trade represents a 66.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Wajid Ali sold 5,302 shares of Lumentum stock in a transaction on Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the sale, the chief financial officer owned 66,287 shares in the company, valued at $45,812,934.31. This represents a 7.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,775 shares of company stock valued at $38,851,343 over the last ninety days. 0.43% of the stock is owned by insiders.

About Lumentum

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.