783 Shares in Lumentum Holdings Inc. $LITE Purchased by Trust Asset Management LLC

Trust Asset Management LLC acquired a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 783 shares of the technology company’s stock, valued at approximately $703,000.

Several other institutional investors have also modified their holdings of the stock. Hilltop National Bank raised its holdings in Lumentum by 26.8% during the 2nd quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock valued at $61,000 after buying an additional 15 shares during the period. Sachetta LLC boosted its stake 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 during the period. Versant Capital Management Inc increased its position in Lumentum by 39.5% during the second quarter. Versant Capital Management Inc now owns 106 shares of the technology company’s stock valued at $91,000 after acquiring an additional 30 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of Lumentum in the first quarter valued at $25,000. Finally, Abel Hall LLC raised its stake in shares of Lumentum by 5.5% in the first quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock valued at $487,000 after acquiring an additional 36 shares during the period. 94.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on LITE shares. Raymond James Financial reiterated an “outperform” rating and set a $1,014.00 price target on shares of Lumentum in a report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their target price on Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. TD Cowen cut their target price on Lumentum from $995.00 to $800.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Weiss Ratings restated a “hold (c)” rating on shares of Lumentum in a report on Friday, July 17th. Finally, Citic Securities increased their target price on Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and a consensus price target of $1,012.67.

Insider Buying and Selling

In other Lumentum news, Director Brian Lillie sold 11,951 shares of the company’s stock in a transaction dated 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 transaction, the director owned 13,959 shares in the company, valued at approximately $13,702,712.76. This represents a 46.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 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 transaction, the director owned 21,008 shares in the company, valued at $18,236,414.56. This represents a 19.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 41,260 shares of company stock valued at $38,859,220 in the last ninety days. Company insiders own 0.43% of the company’s stock.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analysts and financial commentators continue to identify Lumentum as a major beneficiary of AI data-center spending. Demand for 800G and 1.6T optical connectivity, along with expectations for revenue growth exceeding 90% in early fiscal 2027, supports the long-term growth case. Lumentum: The AI Trade Isn’t Dead
• Positive Sentiment: A potential U.S. restriction on Chinese optical-transceiver imports is viewed as a significant competitive tailwind. Lumentum could gain pricing power and customer demand as hyperscalers seek Western suppliers for advanced optical components, although capacity constraints could limit how quickly it captures the opportunity. AI Cold War Catches Light
• Positive Sentiment: Lumentum’s recent quarterly results showed adjusted EPS of $2.37, ahead of the $2.27 consensus estimate, while revenue rose approximately 90% year over year to $808.4 million. Investors are also looking ahead to the company’s next earnings release for further evidence that AI-related orders are accelerating. Lumentum Earnings Expected to Grow
• Neutral Sentiment: Global Reliability & Quality executive Vincent Retort plans to retire in October but will remain a consultant for two years. The arrangement preserves specialized quality and reliability expertise during Lumentum’s expansion, while the departure creates a modest management-transition consideration. Lumentum’s Post-Retirement Quality Guru Arrangement
• Negative Sentiment: After surging on bullish analyst commentary and the reported China-related policy developments, LITE faces profit-taking and heightened volatility. Its very high earnings multiple leaves the stock sensitive to any earnings miss, cautious guidance, delays in capacity expansion, or uncertainty over whether the proposed import restrictions become official.

Lumentum Trading Down 2.7%

Lumentum stock opened at $826.26 on Thursday. Lumentum Holdings Inc. has a 52 week low of $108.34 and a 52 week high of $1,085.68. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $64.28 billion, a price-to-earnings ratio of 153.01 and a beta of 1.50. The stock has a 50-day moving average price of $814.98 and a 200 day moving average price of $749.34.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The business had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. During the same quarter last year, the business posted $0.57 EPS. The company’s revenue was up 90.1% on a year-over-year basis. Sell-side analysts anticipate that Lumentum Holdings Inc. will post 6.42 EPS for the current year.

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.