Blue Trust Inc. Decreases Stock Holdings in Lumentum Holdings Inc. $LITE

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Lumentum by 0.6% during the third quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock worth $1,217,930,000 after acquiring an additional 41,975 shares during the period. Hood River Capital Management LLC grew its position in shares of Lumentum by 82.1% in 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 purchasing an additional 994,551 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Lumentum by 8,579.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after purchasing an additional 1,545,199 shares during the period. Alliancebernstein L.P. increased its stake in shares of Lumentum by 4.4% during the third quarter. Alliancebernstein L.P. now owns 1,085,119 shares of the technology company’s stock worth $176,560,000 after purchasing an additional 45,953 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Lumentum by 707.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock worth $366,555,000 after purchasing an additional 871,249 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Stock Performance

NASDAQ:LITE opened at $826.88 on Friday. The company’s 50-day moving average price is $622.91 and its 200-day moving average price is $391.32. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The company has a market cap of $59.04 billion, a P/E ratio of 253.64 and a beta of 1.38. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $827.56.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. The firm had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. Lumentum’s quarterly revenue was up 65.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, sell-side analysts forecast that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Penny Herscher sold 4,849 shares of Lumentum stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $535.48, for a total transaction of $2,596,542.52. Following the transaction, the director owned 6,057 shares in the company, valued at approximately $3,243,402.36. This trade represents a 44.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Yuen Wupen sold 3,157 shares of Lumentum stock in a transaction that occurred on 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 transaction, the insider owned 88,439 shares in the company, valued at approximately $47,580,182. The trade was a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 65,775 shares of company stock valued at $38,851,343. 0.43% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Mizuho upped their price target on shares of Lumentum to $645.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. TD Cowen initiated coverage on Lumentum in a research note on Thursday, March 12th. They set a “hold” rating and a $675.00 price objective for the company. Needham & Company LLC increased their target price on Lumentum to $850.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. UBS Group raised their target price on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $900.00 price target on shares of Lumentum in a research note on Wednesday, March 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $575.06.

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.