Lumentum Holdings Inc. $LITE Stake Reduced by Dana Investment Advisors Inc.

Posted by Stanley Muller on May 17th, 2026

Dana Investment Advisors Inc. reduced its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 43.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,748 shares of the technology company’s stock after selling 24,986 shares during the period. Dana Investment Advisors Inc.’s holdings in Lumentum were worth $12,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in LITE. Arrowstreet Capital Limited Partnership grew its stake in Lumentum by 8,579.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after buying an additional 1,545,199 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Lumentum by 707.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock worth $366,555,000 after purchasing an additional 871,249 shares in the last quarter. Holocene Advisors LP bought a new position in shares of Lumentum in the third quarter worth $136,401,000. WT Asset Management Ltd grew its stake in shares of Lumentum by 170.0% in the third quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock worth $115,558,000 after purchasing an additional 447,208 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Lumentum by 7,168.8% in the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock worth $58,958,000 after purchasing an additional 357,367 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lumentum

In other news, CFO Wajid Ali sold 5,302 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the sale, the chief financial officer directly owned 66,287 shares of the company’s stock, valued at $45,812,934.31. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pamela Fletcher sold 1,578 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $940.82, for a total value of $1,484,613.96. Following the sale, the director directly owned 7,406 shares of the company’s stock, valued at approximately $6,967,712.92. This represents a 17.56% 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. Insiders sold a total of 32,488 shares of company stock valued at $27,115,961 over the last 90 days. 0.43% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup increased their price target on Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Rosenblatt Securities increased their price target on Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. B. Riley Financial reissued a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Morgan Stanley increased their price target on Lumentum from $710.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Bank of America increased their price target on Lumentum to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and an average price target of $1,012.43.

Read Our Latest Stock Report on LITE

Lumentum Trading Down 3.1%

Shares of Lumentum stock opened at $970.70 on Friday. 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 firm has a market cap of $75.52 billion, a price-to-earnings ratio of 179.76 and a beta of 1.53. The business has a fifty day simple moving average of $809.96 and a 200-day simple moving average of $535.23. Lumentum Holdings Inc. has a fifty-two week low of $71.04 and a fifty-two week high of $1,085.68.

Lumentum (NASDAQ:LITE – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The business had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The company’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. On average, equities analysts forecast that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: Zacks Research upgraded Lumentum (LITE) from hold to strong-buy, signaling improved earnings outlook and stronger near-term sentiment. Tickerreport.com
Positive Sentiment: Investors are reacting to reports of surging AI optics demand, with Lumentum’s components business reportedly sold out through 2028 and the company planning to expand manufacturing capacity, which supports a higher valuation. Lumentum’s AI Optics Demand And NVIDIA Deal Reshape Valuation Debate
Positive Sentiment: The stock also benefited from broader momentum-stock and analyst coverage that placed LITE on Zacks’ Rank #1 Strong Buy list, adding to bullish trading sentiment. Best Momentum Stocks to Buy for May 14th
Positive Sentiment: Multiple articles highlighted accelerating growth in Lumentum’s components business, particularly around AI optics and hyperscale data-center demand, reinforcing expectations for continued revenue strength. Lumentum’s Components Business Accelerates: More Upside Ahead?
Neutral Sentiment: Investor attention is also building around an upcoming May 18 event, but the articles provided do not specify a concrete new catalyst yet. Dear Lumentum stock fans, mark your calendars for May 18

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.