Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report)’s share price was down 3.4% during trading on Wednesday . The stock traded as low as $800.56 and last traded at $824.01. Approximately 5,966,547 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 6,054,511 shares. The stock had previously closed at $852.79.
Lumentum News Summary
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: Aletheia Capital sharply raised its price target on Lumentum from $500 to $1,225 and kept a Buy rating, and Lumentum was named one of the 10 best-performing AI stocks — a bullish endorsement that supports further upside on AI infrastructure demand. Why Lumentum (LITE) Made the Best Performing AI Stocks List
- Positive Sentiment: Zacks highlighted Lumentum among AI infrastructure winners and recommended it alongside other AI/optics names after recent tech rallies, reinforcing momentum-driven buying. Buy 3 AI Infra Giants Flourishing Past Month With More Room to Run
- Positive Sentiment: Analyst comparisons show Lumentum outpacing peers (nLIGHT) as AI-driven demand and strong revenue growth make LITE the preferred fiber-laser/optics play for some strategists. nLIGHT vs. Lumentum: Which Fiber Laser Stock is a Buy Right Now?
- Positive Sentiment: Market coverage noting Lumentum helped power S&P gains amid a tech rally, highlighting its role as a momentum contributor in ETFs and baskets. 5 Stocks in the S&P 500 ETF That Helped Erase Iran War Losses
- Positive Sentiment: Analyst consensus remains constructive (consensus “Moderate Buy”), which supports ongoing institutional interest even as sentiment swings. Lumentum Holdings Inc. Given Consensus Rating of “Moderate Buy” by Analysts
- Neutral Sentiment: Mainstream outlets are highlighting Lumentum’s extraordinary 1,500%+ year-to-date gains and asking whether more upside remains — useful context but raises questions about valuation and mean reversion. Up 1,539% over the past year, what is next for red-hot Lumentum stock? Up 1,600% over the past year, does Lumentum stock have more room to run?
- Negative Sentiment: Zacks Research downgraded Lumentum from “strong-buy” to “hold,” a notable negative catalyst that could temper momentum traders and prompt some profit-taking. Zacks.com Tickerreport: Zacks downgrade
Analyst Ratings Changes
Several research analysts have recently commented on LITE shares. TD Cowen boosted their target price on Lumentum from $675.00 to $875.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Stifel Nicolaus boosted their target price on Lumentum to $800.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $900.00 target price on shares of Lumentum in a report on Wednesday, March 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Lumentum to $950.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $629.44.
Lumentum Stock Down 3.4%
The company has a market cap of $58.83 billion, a price-to-earnings ratio of 252.76 and a beta of 1.38. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The firm’s fifty day moving average price is $688.49 and its 200-day moving average price is $427.13.
Lumentum (NASDAQ:LITE – Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. During the same quarter in the previous year, the business earned $0.42 EPS. The firm’s revenue was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Sell-side analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.
Insider Activity
In other news, CFO Wajid Ali sold 5,302 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the transaction, the chief financial officer owned 66,287 shares of the company’s stock, valued at $45,812,934.31. The trade was a 7.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the completion of the transaction, the insider directly owned 102,455 shares of the company’s stock, valued at $60,583,690.60. This trade represents a 30.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,775 shares of company stock worth $38,851,343 over the last quarter. Corporate insiders own 0.43% of the company’s stock.
Institutional Investors Weigh In On Lumentum
A number of hedge funds and other institutional investors have recently made changes to their positions in LITE. Advisors Asset Management Inc. raised its holdings in shares of Lumentum by 36.8% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after acquiring an additional 254 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Lumentum by 109.9% during the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after acquiring an additional 6,275 shares during the period. Empowered Funds LLC raised its holdings in shares of Lumentum by 9.1% during the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after acquiring an additional 680 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Lumentum during the second quarter worth $298,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Lumentum during the second quarter worth $1,712,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.
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.
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