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

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) have been assigned a consensus rating of “Moderate Buy” from the nineteen brokerages that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $144.0714.

LITE has been the subject of several recent analyst reports. Susquehanna raised their target price on Lumentum from $140.00 to $190.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. UBS Group raised their target price on Lumentum from $78.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded Lumentum from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Morgan Stanley raised their target price on Lumentum from $100.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, October 10th. Finally, Stifel Nicolaus raised their target price on Lumentum from $100.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th.

Insider Buying and Selling at Lumentum

In other news, Director Julia Suzanne Johnson sold 1,250 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $119.06, for a total transaction of $148,825.00. Following the transaction, the director owned 22,037 shares of the company’s stock, valued at approximately $2,623,725.22. This trade represents a 5.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jae Kim sold 4,507 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $116.88, for a total transaction of $526,778.16. Following the transaction, the senior vice president directly owned 33,465 shares in the company, valued at $3,911,389.20. The trade was a 11.87% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,158 shares of company stock valued at $4,706,087. Corporate insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Lumentum

Large investors have recently modified their holdings of the stock. Steigerwald Gordon & Koch Inc. bought a new position in shares of Lumentum during the third quarter worth about $49,000. FNY Investment Advisers LLC bought a new position in Lumentum in the second quarter worth about $38,000. Skandinaviska Enskilda Banken AB publ bought a new position in Lumentum in the first quarter worth about $25,000. MAI Capital Management lifted its holdings in Lumentum by 27.0% in the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after acquiring an additional 96 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in Lumentum by 103.2% in the first quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company’s stock worth $32,000 after acquiring an additional 260 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Lumentum Stock Up 6.4%

Shares of NASDAQ LITE opened at $179.30 on Wednesday. Lumentum has a 12-month low of $45.65 and a 12-month high of $182.08. The company has a market cap of $12.71 billion, a P/E ratio of 779.57 and a beta of 1.42. The company has a current ratio of 4.37, a quick ratio of 3.18 and a debt-to-equity ratio of 2.26. The stock has a fifty day moving average price of $152.27 and a 200 day moving average price of $107.78.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.The firm had revenue of $480.70 million during the quarter, compared to the consensus estimate of $465.27 million. During the same period in the prior year, the firm earned $0.06 EPS. The firm’s quarterly revenue was up 55.9% compared to the same quarter last year. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Research analysts anticipate that Lumentum will post 0.03 EPS for the current fiscal year.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.