Lumentum Holdings Inc. $LITE is Oak Thistle LLC’s 6th Largest Position

Oak Thistle LLC increased its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 337.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,399 shares of the technology company’s stock after purchasing an additional 28,858 shares during the quarter. Lumentum accounts for about 0.9% of Oak Thistle LLC’s investment portfolio, making the stock its 6th largest holding. Oak Thistle LLC’s holdings in Lumentum were worth $6,085,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of Lumentum by 11.2% in the third quarter. GAMMA Investing LLC now owns 2,671 shares of the technology company’s stock worth $435,000 after acquiring an additional 270 shares in the last quarter. Praxis Investment Management Inc. purchased a new stake in Lumentum during the 3rd quarter worth $308,000. Corient Private Wealth LLC purchased a new stake in Lumentum during the 2nd quarter worth $268,000. Osaic Holdings Inc. increased its holdings in Lumentum by 190.8% in the 2nd quarter. Osaic Holdings Inc. now owns 20,439 shares of the technology company’s stock valued at $1,942,000 after purchasing an additional 13,410 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Lumentum by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 16,340 shares of the technology company’s stock valued at $1,553,000 after purchasing an additional 115 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Jae Kim sold 170 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $246.00, for a total value of $41,820.00. Following the completion of the sale, the senior vice president directly owned 38,400 shares of the company’s stock, valued at $9,446,400. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $243.32, for a total value of $1,751,904.00. Following the sale, the director owned 9,764 shares in the company, valued at $2,375,776.48. The trade was a 42.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 28,612 shares of company stock worth $7,317,398. Company insiders own 0.43% of the company’s stock.

Lumentum Stock Performance

Lumentum stock opened at $316.15 on Wednesday. Lumentum Holdings Inc. has a 52 week low of $45.65 and a 52 week high of $376.53. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77. The stock has a market cap of $22.42 billion, a P/E ratio of 212.18 and a beta of 1.53. The stock has a 50 day moving average of $244.34 and a 200-day moving average of $162.34.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The business had revenue of $533.80 million during the quarter, compared to analyst estimates of $525.10 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The business’s revenue was up 58.4% compared to the same quarter last year. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LITE. Citigroup began coverage on Lumentum in a research report on Friday, August 29th. They issued a “buy” rating and a $165.00 target price for the company. Morgan Stanley restated a “cautious” rating and issued a $190.00 price target on shares of Lumentum in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a research report on Monday. Mizuho boosted their target price on shares of Lumentum to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Finally, Barclays upped their target price on shares of Lumentum from $165.00 to $181.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lumentum has a consensus rating of “Moderate Buy” and an average target price of $215.00.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.