Lumentum Holdings Inc. $LITE Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in Lumentum Holdings Inc. (NASDAQ:LITE) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,020 shares of the technology company’s stock after purchasing an additional 1,984 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Lumentum were worth $6,642,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Allworth Financial LP increased its stake in Lumentum by 6.4% in the third quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock valued at $128,000 after purchasing an additional 47 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Lumentum by 0.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company’s stock valued at $5,208,000 after acquiring an additional 60 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Lumentum by 0.4% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock valued at $2,532,000 after acquiring an additional 64 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Lumentum by 58.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock valued at $76,000 after acquiring an additional 76 shares in the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Lumentum in the fourth quarter valued at about $28,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum was added to the Nasdaq-100, a move that can attract buying from index funds and ETFs and broaden institutional ownership. Lumentum (LITE) Joins Nasdaq-100 Index
• Positive Sentiment: Zacks highlighted Lumentum as one of its top momentum stocks and a Zacks Rank #1 (Strong Buy), reinforcing the bullish momentum narrative. Are You Looking for a Top Momentum Pick? Why Lumentum (LITE) is a Great Choice
• Positive Sentiment: Analyst coverage remains constructive, with multiple firms lifting price targets and several reports pointing to demand tied to AI infrastructure and data center optics. 3 Stocks Backed By Broker Rating Upgrades Worth Betting On
• Positive Sentiment: Recent bullish commentary says Lumentum’s photonic products are benefiting from strong AI and data center demand, with capacity constraints supporting revenue and margin expansion. Lumentum: Priced For Growth, But Not For What Comes Next – Double Growth Cycles
• Positive Sentiment: The company’s last earnings report beat EPS expectations and included strong year-over-year revenue growth, supporting the growth story behind the stock. Lumentum stock details and earnings summary

Lumentum Stock Performance

Shares of LITE opened at $868.07 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The stock has a market cap of $67.54 billion, a P/E ratio of 160.75 and a beta of 1.53. The company has a 50-day moving average of $825.82 and a two-hundred day moving average of $551.93. Lumentum Holdings Inc. has a 12-month low of $71.04 and a 12-month high of $1,085.68.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The company had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The firm’s quarterly revenue was up 90.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, research analysts predict that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Analyst Ratings Changes

LITE has been the topic of several analyst reports. Susquehanna lifted their target price on shares of Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a report on Monday, April 20th. Loop Capital lifted their target price on shares of Lumentum from $900.00 to $1,400.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Northland Securities set a $1,000.00 target price on shares of Lumentum in a report on Monday, April 20th. Morgan Stanley boosted their price objective on shares of Lumentum from $710.00 to $900.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, TD Cowen boosted their price objective on shares of Lumentum from $875.00 to $995.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Lumentum currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,012.43.

Insiders Place Their Bets

In other news, CFO Wajid Ali sold 5,302 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the transaction, the chief financial officer owned 66,287 shares of the company’s stock, valued at $45,812,934.31. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ian Small sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $911.17, for a total transaction of $3,189,095.00. Following the completion of the transaction, the director directly owned 25,962 shares of the company’s stock, valued at approximately $23,655,795.54. This represents a 11.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 36,192 shares of company stock valued at $33,367,059. 0.43% of the stock is currently owned by insiders.

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.