Lumentum Holdings Inc. (NASDAQ:LITE) Receives $629.44 Average PT from Analysts

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) have been given an average recommendation of “Moderate Buy” by the eighteen research firms that are covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $629.4375.

A number of research firms have recently commented on LITE. Needham & Company LLC raised their price objective on shares of Lumentum to $850.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. UBS Group boosted their target price on shares of Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Barclays boosted their target price on Lumentum to $750.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Finally, Mizuho boosted their target price on Lumentum from $750.00 to $930.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th.

Insider Buying and Selling at Lumentum

In other news, Director Penny Herscher sold 4,849 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $535.48, for a total transaction of $2,596,542.52. Following the transaction, the director owned 6,057 shares in the company, valued at approximately $3,243,402.36. This trade represents a 44.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Yuen Wupen sold 3,157 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the transaction, the insider owned 88,439 shares in the company, valued at approximately $47,580,182. This represents a 3.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 65,775 shares of company stock valued at $38,851,343. 0.43% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lumentum

A number of large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its position in shares of Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after buying an additional 254 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Lumentum by 109.9% during the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after purchasing an additional 6,275 shares during the period. Empowered Funds LLC increased its stake in 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 purchasing an additional 680 shares during the period. Hsbc Holdings PLC acquired a new stake in Lumentum in the 2nd quarter valued at about $298,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Lumentum in the 2nd quarter valued at about $1,712,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Stock Performance

NASDAQ LITE opened at $894.07 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The company has a market capitalization of $63.84 billion, a PE ratio of 274.25 and a beta of 1.38. Lumentum has a 52-week low of $49.13 and a 52-week high of $960.00. The company has a 50-day simple moving average of $710.25 and a 200 day simple moving average of $438.19.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. The firm had revenue of $665.50 million during the quarter, compared to analyst estimates of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company’s quarterly revenue was up 65.5% on a year-over-year basis. During the same quarter last year, the business earned $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, research analysts predict that Lumentum will post 0.03 EPS for the current year.

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.