Trust Asset Management LLC Buys Shares of 783 Lumentum Holdings Inc. $LITE

Trust Asset Management LLC acquired a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 783 shares of the technology company’s stock, valued at approximately $703,000.

A number of other institutional investors have also made changes to their positions in the business. Hilton Head Capital Partners LLC acquired a new stake in Lumentum in the 1st quarter valued at $25,000. Sachetta LLC boosted its stake in shares of Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after buying an additional 19 shares during the last quarter. Truvestments Capital LLC grew its holdings in shares of Lumentum by 300.0% in the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after acquiring an additional 57 shares in the last quarter. Triumph Capital Management bought a new position in shares of Lumentum in the 4th quarter valued at about $30,000. Finally, Danske Bank A S acquired a new stake in shares of Lumentum in the third quarter valued at about $33,000. Institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LITE shares. Susquehanna increased their price target on Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a research report on Monday, April 20th. B. Riley Financial reiterated a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price objective on shares of Lumentum in a report on Wednesday. Zacks Research cut shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Morgan Stanley boosted their target price on shares of Lumentum from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Wednesday. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Lumentum presently has an average rating of “Moderate Buy” and a consensus target price of $1,044.67.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Strong quarterly beat: Lumentum reported adjusted EPS of $3.23 versus consensus of approximately $2.97 and revenue of $1.01 billion versus estimates near $988 million. Revenue rose 109% year over year, while gross profit increased 179%. Lumentum Fiscal Fourth-Quarter Earnings Report
• Positive Sentiment: Much stronger guidance: Fiscal first-quarter 2027 adjusted EPS guidance of $4.05–$4.35 was well above the roughly $3.55 analyst consensus. Revenue guidance of approximately $1.2–$1.3 billion also signals continued acceleration. Lumentum Upbeat Revenue Forecast
• Positive Sentiment: AI product momentum is broadening: Management cited record optical-transceiver shipments, initial 1.6T shipments, and expanding contributions from optical circuit switching, co-packaged and near-packaged optics, continuous-wave lasers, and pump lasers. Gross margin reached 50.4% ahead of schedule. Lumentum AI Optics Earnings Call
• Positive Sentiment: Analyst support: JPMorgan raised its price target to $1,280 and maintained an overweight rating, while Rosenblatt reaffirmed its buy rating with a $1,300 target. The broader AI data-center trade is also regaining investor attention, improving sentiment toward optical suppliers. AI Data Center Trade Recovery
• Neutral Sentiment: Investors are increasingly focused on the timing and scale of future NPO and co-packaged-laser ramps, including opportunities expected from 2027 onward. Clarity on these programs could determine whether Lumentum’s growth can support its elevated valuation. Lumentum NPO Catalyst
• Negative Sentiment: After a substantial prior rally, LITE trades at a high earnings multiple, leaving the stock vulnerable to profit-taking or disappointment if AI capital spending, production capacity, or newer-product adoption slows.

Lumentum Stock Performance

LITE opened at $932.47 on Thursday. Lumentum Holdings Inc. has a 12-month low of $111.20 and a 12-month high of $1,085.68. The stock has a market cap of $72.55 billion, a price-to-earnings ratio of -11.34 and a beta of 1.50. The business has a 50 day moving average of $809.12 and a 200-day moving average of $767.46. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. Lumentum had a positive return on equity of 39.69% and a negative net margin of 230.15%.The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $987.70 million. During the same period in the previous year, the firm earned $0.88 EPS. The firm’s revenue was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, equities research analysts expect that Lumentum Holdings Inc. will post 16.67 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Ian Small sold 4,954 shares of Lumentum stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the completion of the sale, the director owned 21,008 shares of the company’s stock, valued at approximately $18,236,414.56. The trade was a 19.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Yuen Wupen sold 3,210 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $3,062,179.50. Following the completion of the transaction, the insider directly owned 81,488 shares in the company, valued at approximately $77,735,477.60. This represents a 3.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last three months, insiders sold 22,250 shares of company stock valued at $20,468,739. 0.43% of the stock is currently owned by insiders.

Lumentum 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.