Trust Asset Management LLC Makes New Investment in Lumentum Holdings Inc. $LITE

Trust Asset Management LLC bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 783 shares of the technology company’s stock, valued at approximately $703,000.

Several other large investors have also recently added to or reduced their stakes in LITE. Advisors Asset Management Inc. grew its position in shares of Lumentum by 36.8% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after buying an additional 254 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Lumentum by 109.9% during the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after purchasing an additional 6,275 shares during the last quarter. Empowered Funds LLC increased its position in Lumentum by 9.1% during the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after buying an additional 680 shares during the period. Hsbc Holdings PLC purchased a new stake in Lumentum in the 2nd quarter valued at $298,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Lumentum in the second quarter valued at $1,712,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Analysts and financial commentators continue to identify Lumentum as a major beneficiary of AI data-center spending. Demand for 800G and 1.6T optical connectivity, along with expectations for revenue growth exceeding 90% in early fiscal 2027, supports the long-term growth case. Lumentum: The AI Trade Isn’t Dead
• Positive Sentiment: A potential U.S. restriction on Chinese optical-transceiver imports is viewed as a significant competitive tailwind. Lumentum could gain pricing power and customer demand as hyperscalers seek Western suppliers for advanced optical components, although capacity constraints could limit how quickly it captures the opportunity. AI Cold War Catches Light
• Positive Sentiment: Lumentum’s recent quarterly results showed adjusted EPS of $2.37, ahead of the $2.27 consensus estimate, while revenue rose approximately 90% year over year to $808.4 million. Investors are also looking ahead to the company’s next earnings release for further evidence that AI-related orders are accelerating. Lumentum Earnings Expected to Grow
• Neutral Sentiment: Global Reliability & Quality executive Vincent Retort plans to retire in October but will remain a consultant for two years. The arrangement preserves specialized quality and reliability expertise during Lumentum’s expansion, while the departure creates a modest management-transition consideration. Lumentum’s Post-Retirement Quality Guru Arrangement
• Negative Sentiment: After surging on bullish analyst commentary and the reported China-related policy developments, LITE faces profit-taking and heightened volatility. Its very high earnings multiple leaves the stock sensitive to any earnings miss, cautious guidance, delays in capacity expansion, or uncertainty over whether the proposed import restrictions become official.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Loop Capital lifted their price target on Lumentum from $900.00 to $1,400.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Zacks Research cut shares of Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. TD Cowen dropped their target price on shares of Lumentum from $995.00 to $800.00 and set a “hold” rating for the company in a report on Monday, July 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Lumentum in a research report on Friday, July 17th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,012.67.

Lumentum Trading Down 2.7%

Shares of LITE stock opened at $826.26 on Thursday. The firm has a market cap of $64.28 billion, a P/E ratio of 153.01 and a beta of 1.50. The firm’s 50-day simple moving average is $814.98 and its 200-day simple moving average is $749.34. Lumentum Holdings Inc. has a 1-year low of $108.34 and a 1-year high of $1,085.68. 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 (NASDAQ:LITE) last issued its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.10. The business had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The business’s quarterly revenue was up 90.1% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS. As a group, equities analysts forecast that Lumentum Holdings Inc. will post 6.42 EPS for the current year.

Insider Activity at Lumentum

In related news, Director Ian Small sold 4,954 shares of Lumentum stock in a transaction on 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 transaction, the director owned 21,008 shares in the company, valued at approximately $18,236,414.56. The trade was a 19.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vincent Retort sold 3,183 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $3,036,422.85. Following the completion of the sale, the insider owned 89,563 shares of the company’s stock, valued at approximately $85,438,623.85. This represents a 3.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 41,260 shares of company stock valued at $38,859,220 over the last quarter. Company insiders own 0.43% of the company’s stock.

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.