Lumentum Holdings Inc. (NASDAQ:LITE) Stock Has Consensus Target Price of $1,080.83 According to Brokerages

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) have earned a consensus rating of “Moderate Buy” from the twenty-four brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, fourteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $1,081.61.

A number of equities analysts have recently commented on the stock. Weiss Ratings cut shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. Rosenblatt Securities lowered their price objective on shares of Lumentum from $1,300.00 to $900.00 and set a “buy” rating on the stock in a research report on Tuesday, November 3rd. Morgan Stanley lifted their price objective on shares of Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Needham & Company LLC reduced their target price on shares of Lumentum from $1,040.00 to $800.00 and set a “buy” rating for the company in a report on Tuesday. Finally, B. Riley Financial cut shares of Lumentum from a “buy” rating to a “neutral” rating and reduced their target price for the company from $1,142.00 to $770.00 in a report on Tuesday, November 3rd.

Lumentum Stock Performance

Shares of LITE stock opened at $538.59 on Friday. The stock’s 50-day moving average is $894.13 and its two-hundred day moving average is $801.60. The firm has a market cap of $48.85 billion, a price-to-earnings ratio of -6.84 and a beta of 1.64. Lumentum has a 1 year low of $215.35 and a 1 year high of $1,143.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.61.

Lumentum (NASDAQ:LITE) last posted its earnings results on Monday, November 2nd. The technology company reported $4.57 earnings per share for the quarter, beating the consensus estimate of $4.22 by $0.35. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. Lumentum had a positive return on equity of 28.85% and a negative net margin of 175.82%. The business’s quarterly revenue was up 136.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 EPS. Analysts predict that Lumentum will post 19.93 earnings per share for the current year.

Insider Transactions at Lumentum

In other Lumentum news, insider Yuen Wupen sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $827.82, for a total transaction of $1,241,730.00. Following the completion of the sale, the insider directly owned 100,434 shares of the company’s stock, valued at $83,141,273.88. This represents a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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, insider Vincent Retort sold 38,663 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $852.59, for a total value of $32,963,687.17. Following the sale, the insider directly owned 78,440 shares of the company’s stock, valued at approximately $66,877,159.60. This represents a 33.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 94,496 shares of company stock worth $85,978,498 over the last three months. 0.28% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lumentum

Several hedge funds have recently modified their holdings of the stock. Mawer Investment Management Ltd. raised its position in Lumentum by 14.9% during the 3rd quarter. Mawer Investment Management Ltd. now owns 66,283 shares of the technology company’s stock worth $64,378,000 after buying an additional 8,603 shares during the last quarter. Diversified Trust Co lifted its stake in shares of Lumentum by 8.9% in the 3rd quarter. Diversified Trust Co now owns 1,049 shares of the technology company’s stock worth $1,019,000 after acquiring an additional 86 shares during the period. Aberdeen Group plc boosted its holdings in shares of Lumentum by 1,304.7% in the third quarter. Aberdeen Group plc now owns 81,514 shares of the technology company’s stock valued at $79,171,000 after acquiring an additional 75,711 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Lumentum in the third quarter valued at about $1,059,000. Finally, ICICI Prudential Asset Management Co Ltd boosted its holdings in shares of Lumentum by 13.8% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 1,463 shares of the technology company’s stock valued at $1,421,000 after acquiring an additional 177 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Some commentary sees Lumentum as potentially undervalued after Marvell agreed to acquire it, arguing the deal highlights demand for optical interconnects—a potential bottleneck in AI data centers. Lumentum’s shares also rose alongside a broader recovery in optical stocks. Article: Lumentum Holdings Could Be 90% Undervalued Following The Marvell Deal Article: Optical stocks rally
• Neutral Sentiment: The proposed all-stock Marvell deal values Lumentum at about $115 billion, with Lumentum shareholders set to receive 4.5 Marvell shares per share. That is not a fixed cash offer: its implied value will move with Marvell’s stock. The transaction is expected to take time to close and remains subject to regulatory approval. Article: Marvell Agreed to Pay $1,132 a Share for Lumentum
• Positive Sentiment: A bullish technical view says Lumentum is oversold after a steep decline, while analysts’ earnings-estimate increases could support a recovery. Article: Lumentum is Poised for a Turnaround
• Negative Sentiment: Recent pressure reflects a broader sell-off in AI and optical shares, alongside analyst downgrades and lower price expectations. The sharp recent declines suggest investors remain cautious despite the proposed acquisition and the latest rebound. Article: Lumentum Shares Down After Analyst Downgrade Article: AI optical stocks slide

Lumentum Company Profile

Lumentum Holdings Inc develops and manufactures optical and photonic products used in communications networks and industrial applications. Its offerings include optical components, modules and lasers that help transmit and process data across telecommunications and data center networks.

The company also supplies lasers and related technologies for industrial uses, including precision manufacturing and semiconductor production. Its products serve customers in markets around the world.

Lumentum became an independent public company in 2015 through a spin-off from JDSU, now Viavi Solutions.