Blue Trust Inc. Reduces Stock Position in Lumentum Holdings Inc. $LITE

Blue Trust Inc. cut its position in Lumentum Holdings Inc. (NASDAQ:LITE) by 53.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,692 shares of the technology company’s stock after selling 1,938 shares during the period. Blue Trust Inc.’s holdings in Lumentum were worth $624,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Chesapeake Asset Management LLC acquired a new position in Lumentum in the 4th quarter worth approximately $37,000. EverSource Wealth Advisors LLC lifted its stake in 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 acquiring an additional 131 shares during the period. Danske Bank A S acquired a new stake in Lumentum during the 3rd quarter valued at approximately $33,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Lumentum by 58.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock valued at $76,000 after acquiring an additional 76 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Lumentum in the 3rd quarter valued at $49,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Lumentum Price 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. The company has a 50 day moving average price of $622.91 and a 200-day moving average price of $391.32. Lumentum Holdings Inc. has a 1-year low of $45.65 and a 1-year high of $827.56. The firm has a market cap of $59.04 billion, a price-to-earnings ratio of 253.64 and a beta of 1.38.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm had revenue of $665.50 million for the quarter, compared to the consensus estimate of $646.74 million. During the same period in the prior year, the firm posted $0.42 earnings per share. The firm’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. Equities research analysts forecast that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Insider Activity

In related news, Director Penny Herscher sold 4,000 shares of Lumentum stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $597.29, for a total value of $2,389,160.00. Following the completion of the transaction, the director owned 2,057 shares in the company, valued at $1,228,625.53. The trade was a 66.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yuen Wupen sold 3,157 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total value of $1,698,466.00. Following the completion of the transaction, the insider directly owned 88,439 shares of the company’s stock, valued at $47,580,182. The trade was a 3.45% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 65,775 shares of company stock valued at $38,851,343. Insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

LITE has been the subject of several recent research reports. Barclays raised their target price on shares of Lumentum to $750.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. TD Cowen assumed coverage on shares of Lumentum in a report on Thursday, March 12th. They issued a “hold” rating and a $675.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a research report on Monday, December 29th. UBS Group lifted their price objective on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $900.00 price objective on shares of Lumentum in a report on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and an average target price of $575.06.

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.