American Trust Sells 1,131 Shares of Lumentum Holdings Inc. $LITE

American Trust trimmed its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 74.9% in the 1st quarter, Holdings Channel reports. The fund owned 379 shares of the technology company’s stock after selling 1,131 shares during the quarter. American Trust’s holdings in Lumentum were worth $266,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Hilton Head Capital Partners LLC bought a new stake in Lumentum in the first quarter worth $25,000. Sachetta LLC raised its position in shares of Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after purchasing an additional 19 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Lumentum in the 4th quarter worth about $28,000. Truvestments Capital LLC boosted its stake in Lumentum by 300.0% in the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after purchasing an additional 57 shares in the last quarter. Finally, Triumph Capital Management purchased a new stake in Lumentum during the 4th quarter valued at about $30,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum Stock Performance

Shares of LITE opened at $802.01 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. Lumentum Holdings Inc. has a one year low of $90.98 and a one year high of $1,085.68. The firm has a market capitalization of $62.40 billion, a P/E ratio of 148.52 and a beta of 1.48. The business has a fifty day moving average of $882.31 and a 200 day moving average of $700.26.

Lumentum (NASDAQ:LITE) last posted its earnings results 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. The company had revenue of $808.40 million for the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.Lumentum’s revenue was up 90.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, sell-side analysts anticipate that Lumentum Holdings Inc. will post 6.4 EPS for the current year.

Insider Activity

In other Lumentum news, SVP Jae Kim sold 1,422 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $1,356,516.90. Following the transaction, the senior vice president directly owned 32,333 shares in the company, valued at approximately $30,844,065.35. This trade represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Isaac Hosojiro Harris sold 1,416 shares of Lumentum stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the transaction, the director owned 6,984 shares in the company, valued at $6,984,558.72. This represents a 16.86% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 41,260 shares of company stock worth $38,859,220. Company insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LITE. Barclays increased their price target on shares of Lumentum from $750.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Stifel Nicolaus upped their price objective on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Loop Capital increased their target price on Lumentum from $900.00 to $1,400.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lifted their target price on Lumentum from $950.00 to $1,130.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Craig Hallum boosted their price target on Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.95.

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.