Lumentum (NASDAQ:LITE) Shares Up 13.9% – Still a Buy?

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) were up 13.9% during mid-day trading on Monday . The stock traded as high as $273.06 and last traded at $273.3740. Approximately 2,387,442 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 2,906,980 shares. The stock had previously closed at $240.11.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. UBS Group increased their price objective on Lumentum from $78.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. B. Riley increased their target price on shares of Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Morgan Stanley reissued a “cautious” rating and issued a $190.00 price target on shares of Lumentum in a research note on Wednesday, November 5th. Bank of America upgraded shares of Lumentum from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $78.00 to $135.00 in a research report on Wednesday, August 13th. Finally, Wall Street Zen downgraded shares of Lumentum from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $190.67.

Lumentum Stock Up 10.0%

The firm’s fifty day simple moving average is $169.80 and its two-hundred day simple moving average is $119.28. 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 company has a market capitalization of $18.73 billion, a price-to-earnings ratio of 177.66 and a beta of 1.48.

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

Insider Activity at Lumentum

In other Lumentum news, Director Julia Suzanne Johnson sold 1,250 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $119.06, for a total transaction of $148,825.00. Following the completion of the transaction, the director owned 22,037 shares of the company’s stock, valued at $2,623,725.22. This trade represents a 5.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Wajid Ali sold 2,526 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $124.39, for a total transaction of $314,209.14. Following the completion of the sale, the chief financial officer directly owned 77,087 shares in the company, valued at $9,588,851.93. This trade represents a 3.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 18,198 shares of company stock worth $2,180,887. 0.43% of the stock is owned by corporate insiders.

Institutional Trading of Lumentum

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Lumentum by 0.6% in the first quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock valued at $463,198,000 after purchasing an additional 47,811 shares during the last quarter. Leeward Investments LLC MA lifted its position in shares of Lumentum by 14.8% during the 2nd quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock worth $49,092,000 after buying an additional 66,541 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Lumentum in the 1st quarter valued at $260,000. FORA Capital LLC purchased a new position in shares of Lumentum in the 1st quarter valued at $642,000. Finally, Corton Capital Inc. purchased a new position in shares of Lumentum in the 2nd quarter valued at $272,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

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.