Thoroughbred Financial Services LLC Purchases Shares of 5,189 Lumentum Holdings Inc. $LITE

Posted by Stanley Muller on May 29th, 2026

Thoroughbred Financial Services LLC purchased a new stake in Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,189 shares of the technology company’s stock, valued at approximately $1,912,000.

Several other institutional investors have also recently added to or reduced their stakes in LITE. EverSource Wealth Advisors LLC lifted its stake in Lumentum by 363.9% in the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after buying an additional 131 shares during the period. V Square Quantitative Management LLC acquired a new position in Lumentum in the fourth quarter valued at approximately $28,000. Danske Bank A S acquired a new position in Lumentum in the third quarter valued at approximately $33,000. Harbour Investments Inc. lifted its stake in Lumentum by 675.0% in the fourth quarter. Harbour Investments Inc. now owns 93 shares of the technology company’s stock valued at $34,000 after buying an additional 81 shares during the period. Finally, Chesapeake Asset Management LLC acquired a new position in Lumentum in the fourth quarter valued at approximately $37,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lumentum

In related news, SVP Jae Kim sold 1,422 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $1,356,516.90. Following the completion of the sale, the senior vice president owned 32,333 shares in the company, valued at approximately $30,844,065.35. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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. Also, Director Ian Small sold 4,954 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total value of $4,300,418.78. Following the sale, the director owned 21,008 shares of the company’s stock, valued at $18,236,414.56. This trade represents a 19.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 35,844 shares of company stock valued at $34,003,107 in the last three months. Insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on LITE. Craig Hallum boosted their price target on Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. Loop Capital boosted their price target on Lumentum from $900.00 to $1,400.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price objective on Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Citic Securities boosted their price objective on Lumentum from $620.00 to $1,186.00 in a report on Monday, May 11th. Finally, Morgan Stanley boosted their price objective on Lumentum from $710.00 to $900.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Lumentum has a consensus rating of “Moderate Buy” and an average target price of $1,012.43.

View Our Latest Research Report on LITE

Lumentum Trading Down 4.6%

NASDAQ:LITE opened at $860.62 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The firm has a 50-day moving average of $859.32 and a 200-day moving average of $581.72. The company has a market cap of $66.96 billion, a PE ratio of 159.37 and a beta of 1.53. Lumentum Holdings Inc. has a one year low of $71.04 and a one year high of $1,085.68.

Lumentum (NASDAQ:LITE – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $810.21 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. Lumentum’s revenue was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, equities research analysts expect that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.

Lumentum Profile

(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.