Lumentum Holdings Inc. $LITE Shares Acquired by Whittier Trust Co.

Whittier Trust Co. lifted its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 21,806.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,044 shares of the technology company’s stock after purchasing an additional 73,706 shares during the period. Whittier Trust Co.’s holdings in Lumentum were worth $57,183,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hilton Head Capital Partners LLC acquired a new stake in Lumentum in the 1st quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its position in shares of Lumentum by 363.9% during the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Lumentum during the fourth quarter worth about $28,000. Truvestments Capital LLC increased its stake in shares of Lumentum by 300.0% during the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after buying an additional 57 shares during the period. Finally, Triumph Capital Management purchased a new stake in shares of Lumentum during the fourth quarter worth approximately $30,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Isaac Hosojiro Harris sold 4,000 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $860.00, for a total value of $3,440,000.00. Following the transaction, the director directly owned 8,400 shares of the company’s stock, valued at $7,224,000. This trade represents a 32.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brian Lillie sold 11,951 shares of Lumentum stock in a transaction on Monday, May 11th. The stock was sold at an average price of $981.64, for a total transaction of $11,731,579.64. Following the sale, the director owned 13,959 shares in the company, valued at $13,702,712.76. This represents a 46.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 41,260 shares of company stock worth $38,859,220. 0.43% of the stock is currently owned by company insiders.

Lumentum Price Performance

LITE stock opened at $728.32 on Monday. The business has a 50 day moving average price of $892.56 and a 200 day moving average price of $686.25. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The stock has a market cap of $56.66 billion, a price-to-earnings ratio of 134.87 and a beta of 1.48. Lumentum Holdings Inc. has a fifty-two week low of $88.93 and a fifty-two week high of $1,085.68.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. During the same period in the prior year, the firm posted $0.57 earnings per share. The firm’s revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities research analysts anticipate that Lumentum Holdings Inc. will post 6.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LITE has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,200.00 target price on shares of Lumentum in a report on Wednesday, May 6th. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Craig Hallum raised their price objective on shares of Lumentum from $900.00 to $1,150.00 in a report on Wednesday, May 6th. Rosenblatt Securities lifted their price objective on shares of Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,040.00 target price on shares of Lumentum in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lumentum has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.95.

About Lumentum

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.