Lumentum (NASDAQ:LITE) Reaches New 12-Month High – Here’s Why

Lumentum Holdings Inc. (NASDAQ:LITE) shares hit a new 52-week high during trading on Friday . The company traded as high as $180.39 and last traded at $179.79, with a volume of 1885612 shares trading hands. The stock had previously closed at $168.50.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LITE shares. Wolfe Research began coverage on Lumentum in a report on Tuesday, August 12th. They issued an “outperform” rating on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a research note on Saturday. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 price target (up previously from $135.00) on shares of Lumentum in a research note on Wednesday, August 13th. B. Riley boosted their price target on Lumentum from $73.00 to $83.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Finally, Bank of America upgraded shares of Lumentum from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $78.00 to $135.00 in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $144.07.

Lumentum Stock Performance

The company has a quick ratio of 3.18, a current ratio of 4.37 and a debt-to-equity ratio of 2.26. The company has a market cap of $12.71 billion, a P/E ratio of 779.57 and a beta of 1.42. The stock has a 50 day moving average price of $152.27 and a two-hundred day moving average price of $107.45.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, August 12th. The technology company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The company had revenue of $480.70 million during the quarter, compared to the consensus estimate of $465.27 million. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.The company’s revenue was up 55.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. On average, research analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Vincent Retort sold 22,719 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $110.00, for a total transaction of $2,499,090.00. Following the sale, the insider owned 121,747 shares in the company, valued at approximately $13,392,170. This trade represents a 15.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Julia Suzanne Johnson sold 1,250 shares of Lumentum stock in a transaction on Monday, August 18th. The shares were sold at an average price of $119.06, for a total value of $148,825.00. Following the completion of the transaction, the director owned 22,037 shares in the company, valued at approximately $2,623,725.22. The trade was a 5.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,158 shares of company stock worth $4,706,087. 0.43% of the stock is owned by insiders.

Institutional Trading of Lumentum

Several large investors have recently bought and sold shares of the business. Oliver Luxxe Assets LLC grew its position in Lumentum by 2.0% in the third quarter. Oliver Luxxe Assets LLC now owns 19,214 shares of the technology company’s stock valued at $3,126,000 after acquiring an additional 376 shares during the last quarter. FengHe Fund Management Pte. Ltd. acquired a new stake in shares of Lumentum in the 3rd quarter valued at approximately $71,771,000. Nisa Investment Advisors LLC grew its holdings in shares of Lumentum by 1,052.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 657 shares of the technology company’s stock valued at $107,000 after purchasing an additional 600 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Lumentum during the 3rd quarter valued at approximately $49,000. Finally, Lecap Asset Management Ltd. increased its position in Lumentum by 17.0% during the 3rd quarter. Lecap Asset Management Ltd. now owns 12,661 shares of the technology company’s stock worth $2,060,000 after purchasing an additional 1,836 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

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.