Lumentum Holdings Inc. (NASDAQ:LITE) Given Average Rating of “Moderate Buy” by Analysts

Lumentum Holdings Inc. (NASDAQ:LITE) has received an average rating of “Moderate Buy” from the twenty ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, thirteen have issued 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 $285.1875.

LITE has been the subject of a number of recent analyst reports. Susquehanna boosted their price objective on shares of Lumentum from $230.00 to $420.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Raymond James Financial cut Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price target for the company. in a research note on Friday, October 31st. B. Riley upped their price target on Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Wall Street Zen cut Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Northland Securities set a $350.00 target price on Lumentum in a research report on Wednesday, December 3rd.

Lumentum Stock Performance

Shares of LITE stock opened at $381.44 on Friday. The company has a market capitalization of $27.04 billion, a price-to-earnings ratio of 256.00 and a beta of 1.51. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37. Lumentum has a one year low of $45.65 and a one year high of $402.79. The company’s 50-day moving average is $348.01 and its 200 day moving average is $222.45.

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

Insider Activity

In related news, Director Isaac Hosojiro Harris sold 7,200 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $243.32, for a total transaction of $1,751,904.00. Following the transaction, the director owned 9,764 shares in the company, valued at $2,375,776.48. This represents a 42.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew Joseph Sepe sold 4,232 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $239.63, for a total transaction of $1,014,114.16. Following the completion of the sale, the chief accounting officer owned 43,544 shares in the company, valued at $10,434,448.72. This represents a 8.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 28,612 shares of company stock valued at $7,317,398 over the last three months. Corporate insiders own 0.43% of the company’s stock.

Institutional Trading of Lumentum

A number of hedge funds have recently bought and sold shares of LITE. Arrowstreet Capital Limited Partnership boosted its position in Lumentum by 8,579.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after purchasing an additional 1,545,199 shares during the last quarter. Hood River Capital Management LLC lifted its stake in shares of Lumentum by 82.1% in the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after purchasing an additional 994,551 shares during the period. Norges Bank purchased a new position in shares of Lumentum in the second quarter worth approximately $82,983,000. Assenagon Asset Management S.A. grew its position in Lumentum by 707.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock valued at $366,555,000 after buying an additional 871,249 shares during the period. Finally, Holocene Advisors LP purchased a new stake in Lumentum during the third quarter valued at approximately $136,401,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

About Lumentum

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.