Lumentum (NASDAQ:LITE) Hits New 52-Week High – Time to Buy?

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $402.79 and last traded at $392.88, with a volume of 4713695 shares. The stock had previously closed at $397.42.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. B. Riley increased their price objective on Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Stifel Nicolaus set a $220.00 price target on Lumentum in a research note on Wednesday, November 5th. Northland Securities set a $350.00 price objective on Lumentum in a research note on Wednesday, December 3rd. Needham & Company LLC upped their price objective on shares of Lumentum to $290.00 and gave the company a “buy” rating in a report on Monday, November 24th. Finally, Mizuho lifted their target price on shares of Lumentum to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average price target of $222.13.

Lumentum Stock Down 1.1%

The stock has a fifty day simple moving average of $310.25 and a two-hundred day simple moving average of $194.47. The firm has a market cap of $27.86 billion, a PE ratio of 263.68 and a beta of 1.51. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The company had revenue of $533.80 million during 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%. Lumentum’s revenue was up 58.4% compared to the same quarter last year. During the same period last year, the business earned $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. As a group, sell-side analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Insider Activity at Lumentum

In related news, Director Julia Suzanne Johnson sold 10,000 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $270.39, for a total transaction of $2,703,900.00. Following the completion of the transaction, the director directly owned 12,037 shares in the company, valued at $3,254,684.43. The trade was a 45.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pamela Fletcher sold 3,421 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total value of $935,746.13. Following the completion of the sale, the director directly owned 10,561 shares in the company, valued at approximately $2,888,750.33. The trade was a 24.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 28,612 shares of company stock valued at $7,317,398 in the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lumentum

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP increased its stake in Lumentum by 6.4% in the third quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock valued at $128,000 after acquiring an additional 47 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Lumentum by 0.4% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock worth $2,532,000 after purchasing an additional 64 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Lumentum by 58.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock valued at $76,000 after purchasing an additional 76 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Lumentum by 11.2% during the 3rd quarter. UMB Bank n.a. now owns 920 shares of the technology company’s stock valued at $150,000 after buying an additional 93 shares in the last quarter. Finally, MAI Capital Management raised its holdings in shares of Lumentum by 27.0% during the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Company Profile

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.