Global Trust Asset Management LLC Purchases Shares of 11,935 Lumentum Holdings Inc. $LITE

Global Trust Asset Management LLC purchased a new stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,935 shares of the technology company’s stock, valued at approximately $1,942,000. Lumentum accounts for about 0.9% of Global Trust Asset Management LLC’s investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Hood River Capital Management LLC boosted its stake in Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after buying an additional 994,551 shares in the last quarter. Norges Bank acquired a new stake in Lumentum in the 2nd quarter valued at about $82,983,000. FengHe Fund Management Pte. Ltd. bought a new position in shares of Lumentum during the 3rd quarter valued at about $71,771,000. Broad Peak Investment Advisers Pte Ltd acquired a new position in shares of Lumentum in the 2nd quarter worth approximately $41,235,000. Finally, William Blair Investment Management LLC bought a new stake in shares of Lumentum in the 2nd quarter worth approximately $34,193,000. Institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

LITE opened at $343.27 on Friday. The firm has a market capitalization of $24.34 billion, a P/E ratio of 230.38 and a beta of 1.51. The stock has a fifty day moving average of $326.53 and a 200-day moving average of $204.32. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77. Lumentum Holdings Inc. has a 12-month low of $45.65 and a 12-month high of $402.79.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The business had revenue of $533.80 million for the quarter, compared to the consensus estimate of $525.10 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. Lumentum’s revenue for the quarter was up 58.4% compared to the same quarter last year. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Equities analysts forecast that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Jae Kim sold 170 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $246.00, for a total transaction of $41,820.00. Following the completion of the sale, the senior vice president directly owned 38,400 shares in the company, valued at approximately $9,446,400. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Yuen Wupen sold 822 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total transaction of $212,865.12. Following the completion of the transaction, the insider owned 95,077 shares in the company, valued at approximately $24,621,139.92. This represents a 0.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 28,612 shares of company stock valued at $7,317,398 over the last ninety days. Insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on LITE. Needham & Company LLC raised their target price on shares of Lumentum to $290.00 and gave the stock a “buy” rating in a report on Monday, November 24th. B. Riley increased their price objective on Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Northland Securities set a $350.00 target price on Lumentum in a research report on Wednesday, December 3rd. Finally, Stifel Nicolaus set a $220.00 target price on Lumentum in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and an average price target of $241.75.

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.