Lumentum Holdings Inc. (NASDAQ:LITE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) have been assigned an average rating of “Moderate Buy” from the twenty-one research firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $222.1250.

A number of brokerages have commented on LITE. B. Riley raised their price objective on Lumentum from $83.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Barclays upped their target price on Lumentum from $165.00 to $181.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Wall Street Zen downgraded shares of Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd.

Insider Activity

In other Lumentum news, SVP Jae Kim sold 1,367 shares of Lumentum stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $234.14, for a total transaction of $320,069.38. Following the sale, the senior vice president directly owned 38,570 shares of the company’s stock, valued at approximately $9,030,779.80. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pamela Fletcher sold 3,421 shares of the company’s stock in a transaction that occurred on 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 owned 10,561 shares in the company, valued at approximately $2,888,750.33. This represents a 24.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 28,612 shares of company stock valued at $7,317,398. 0.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its stake in Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after buying an additional 1,545,199 shares during the last quarter. Hood River Capital Management LLC raised its stake in shares of Lumentum by 82.1% in the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after acquiring an additional 994,551 shares during the last quarter. Norges Bank acquired a new position in shares of Lumentum in the 2nd quarter worth approximately $82,983,000. Holocene Advisors LP bought a new stake in Lumentum during the 3rd quarter worth approximately $136,401,000. Finally, WT Asset Management Ltd grew its position in Lumentum by 170.0% during the 3rd quarter. WT Asset Management Ltd now owns 710,208 shares of the technology company’s stock worth $115,558,000 after acquiring an additional 447,208 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Lumentum Stock Up 4.8%

LITE opened at $386.11 on Monday. The business has a 50 day moving average of $299.44 and a 200-day moving average of $189.01. The stock has a market capitalization of $27.38 billion, a price-to-earnings ratio of 259.14 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 has a 1-year low of $45.65 and a 1-year high of $401.60.

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