Trust Asset Management LLC Invests $703,000 in Lumentum Holdings Inc. $LITE

Posted by Brenda Bartman on Aug 13th, 2026

Trust Asset Management LLC bought a new stake in Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 783 shares of the technology company’s stock, valued at approximately $703,000.

Several other institutional investors and hedge funds have also modified their holdings of LITE. First Community Trust NA acquired a new stake in Lumentum in the 2nd quarter worth about $148,000. Tema ETFs LLC increased its holdings in shares of Lumentum by 14.6% during the second quarter. Tema ETFs LLC now owns 1,331 shares of the technology company’s stock worth $1,142,000 after purchasing an additional 170 shares during the period. Nolet Wealth Management LLC bought a new position in shares of Lumentum during the second quarter worth approximately $221,000. Farrell Financial LLC raised its position in shares of Lumentum by 41.1% in the second quarter. Farrell Financial LLC now owns 573 shares of the technology company’s stock valued at $492,000 after buying an additional 167 shares in the last quarter. Finally, E. Ohman J or Asset Management AB raised its position in shares of Lumentum by 944.2% in the second quarter. E. Ohman J or Asset Management AB now owns 25,061 shares of the technology company’s stock valued at $21,504,000 after buying an additional 22,661 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LITE has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Bank of America cut their target price on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a research report on Wednesday. Loop Capital increased their target price on Lumentum from $900.00 to $1,400.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Citigroup restated a “buy” rating on shares of Lumentum in a research report on Wednesday. Finally, Morgan Stanley upped their price objective on shares of Lumentum from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Fourteen 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 a consensus rating of “Moderate Buy” and an average target price of $1,044.67.

View Our Latest Analysis on LITE

Insider Transactions at Lumentum

In related news, Director Isaac Hosojiro Harris sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $860.00, for a total transaction of $3,440,000.00. Following the completion of the transaction, the director directly owned 8,400 shares in the company, valued at $7,224,000. This represents a 32.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vincent Retort sold 3,183 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 transaction of $3,036,422.85. Following the completion of the transaction, the insider directly owned 89,563 shares of the company’s stock, valued at approximately $85,438,623.85. The trade was a 3.43% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 22,250 shares of company stock valued at $20,468,739. 0.43% of the stock is owned by company insiders.

Lumentum Trading Up 13.6%

Shares of LITE stock opened at $932.47 on Thursday. The stock’s fifty day moving average price is $809.12 and its two-hundred day moving average price is $767.46. The company has a market cap of $72.55 billion, a PE ratio of -11.34 and a beta of 1.50. Lumentum Holdings Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14.

Lumentum (NASDAQ:LITE – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $987.70 million. Lumentum had a positive return on equity of 39.69% and a negative net margin of 230.15%.Lumentum’s revenue was up 109.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Equities analysts predict that Lumentum Holdings Inc. will post 16.67 EPS for the current fiscal year.

Key Headlines Impacting Lumentum

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.

About Lumentum

(Free Report)

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.