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

Lumentum Holdings Inc. (NASDAQ:LITE) has earned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are presently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $1,012.6667.

A number of research firms have issued reports on LITE. TD Cowen reduced their target price on shares of Lumentum from $995.00 to $800.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Northland Securities lifted their target price on Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Stifel Nicolaus boosted their price objective on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Needham & Company LLC reissued a “buy” rating and issued a $1,040.00 price objective on shares of Lumentum in a research report on Tuesday, June 9th. Finally, Jefferies Financial Group restated a “buy” rating and set a $1,200.00 price objective on shares of Lumentum in a research note on Wednesday, May 6th.

Insider Transactions at Lumentum

In other Lumentum news, insider Vincent Retort sold 3,183 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $3,036,422.85. Following the completion of the transaction, the insider directly owned 89,563 shares of the company’s stock, valued at $85,438,623.85. This represents a 3.43% decrease in their position. The transaction was disclosed in a filing with the SEC, 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, Director Brian Lillie sold 11,951 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $981.64, for a total value of $11,731,579.64. Following the completion of the transaction, the director directly owned 13,959 shares of the company’s stock, valued at $13,702,712.76. This represents a 46.13% decrease in their position. 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 41,260 shares of company stock worth $38,859,220 over the last three months. Insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

Institutional investors have recently modified their holdings of the stock. Trust Asset Management LLC acquired a new stake in Lumentum during the second quarter valued at approximately $703,000. First Community Trust NA bought a new stake in Lumentum in the second quarter valued at $148,000. Tema ETFs LLC lifted its position in Lumentum by 14.6% in the 2nd quarter. Tema ETFs LLC now owns 1,331 shares of the technology company’s stock valued at $1,142,000 after purchasing an additional 170 shares during the last quarter. Nolet Wealth Management LLC bought a new stake in shares of Lumentum during the second quarter valued at approximately $221,000. Finally, Farrell Financial LLC raised its stake in Lumentum by 41.1% during the 2nd quarter. Farrell Financial LLC now owns 573 shares of the technology company’s stock valued at $492,000 after acquiring an additional 167 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Trading Up 0.5%

NASDAQ:LITE opened at $833.64 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $64.86 billion, a PE ratio of 154.38 and a beta of 1.48. The stock has a fifty day simple moving average of $848.84 and a 200-day simple moving average of $725.62. Lumentum has a 52-week low of $101.22 and a 52-week high of $1,085.68.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The business had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. During the same period in the prior year, the business earned $0.57 earnings per share. The company’s quarterly revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities research analysts expect that Lumentum will post 6.42 earnings per share for the current fiscal year.

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.