Global Trust Asset Management LLC Invests $1.94 Million in Lumentum Holdings Inc. $LITE

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

Other hedge funds have also recently added to or reduced their stakes in the company. Hood River Capital Management LLC raised its position 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 acquiring an additional 994,551 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Lumentum by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,260,940 shares of the technology company’s stock worth $119,884,000 after purchasing an additional 10,027 shares during the last quarter. Channing Capital Management LLC increased its stake in shares of Lumentum by 61.0% during the 2nd quarter. Channing Capital Management LLC now owns 948,334 shares of the technology company’s stock worth $90,149,000 after purchasing an additional 359,394 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Lumentum by 1.9% during the 2nd quarter. Schroder Investment Management Group now owns 881,813 shares of the technology company’s stock valued at $83,825,000 after purchasing an additional 16,200 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Lumentum in the 2nd quarter valued at $82,983,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Transactions at Lumentum

In other news, insider Yuen Wupen sold 822 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $24,621,139.92. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julia Suzanne Johnson sold 10,000 shares of Lumentum stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $270.39, for a total value of $2,703,900.00. Following the sale, the director directly owned 12,037 shares in the company, valued at approximately $3,254,684.43. This trade represents a 45.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 28,612 shares of company stock worth $7,317,398. 0.43% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Raymond James Financial downgraded shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 target price on the stock. in a research report on Friday, October 31st. Rosenblatt Securities increased their price objective on Lumentum to $380.00 and gave the company a “buy” rating in a report on Thursday, December 4th. B. Riley raised their price objective on Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Barclays boosted their target price on Lumentum from $181.00 to $365.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Wall Street Zen downgraded Lumentum from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $241.75.

Lumentum Stock Performance

LITE opened at $343.27 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77. The stock’s 50 day moving average price is $326.53 and its two-hundred day moving average price is $204.32. The firm has a market capitalization of $24.34 billion, a P/E ratio of 230.38 and a beta of 1.51. 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 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The company had revenue of $533.80 million during the quarter, compared to analyst estimates of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The company’s quarterly revenue was up 58.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, equities analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

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.