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

Lumentum Holdings Inc. (NASDAQ:LITE) has received a consensus recommendation of “Moderate Buy” from the nineteen research firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $133.3571.

Several research analysts have recently commented on LITE shares. JPMorgan Chase & Co. lifted their price target on shares of Lumentum from $123.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. B. Riley lifted their price target on shares of Lumentum from $73.00 to $83.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Wall Street Zen raised shares of Lumentum from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Bank of America raised shares of Lumentum from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $78.00 to $135.00 in a report on Wednesday, August 13th. Finally, Barclays lifted their price objective on shares of Lumentum from $135.00 to $165.00 and gave the company an “overweight” rating in a research report on Tuesday, September 9th.

Insider Transactions at Lumentum

In related news, insider Yuen Wupen sold 3,281 shares of Lumentum stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $124.86, for a total value of $409,665.66. Following the sale, the insider directly owned 101,273 shares in the company, valued at $12,644,946.78. This trade represents a 3.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jae Kim sold 4,507 shares of Lumentum stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $116.88, for a total transaction of $526,778.16. Following the completion of the sale, the senior vice president owned 33,465 shares in the company, valued at approximately $3,911,389.20. This represents a 11.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,687 shares of company stock worth $4,759,552 over the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Institutional Trading of Lumentum

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Lumentum by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock worth $463,198,000 after buying an additional 47,811 shares in the last quarter. PointState Capital LP bought a new stake in shares of Lumentum during the 1st quarter worth about $213,503,000. Hood River Capital Management LLC raised its position in shares of Lumentum by 82.1% during 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 buying an additional 994,551 shares in the last quarter. Atreides Management LP raised its position in shares of Lumentum by 6.8% during the 1st quarter. Atreides Management LP now owns 1,875,257 shares of the technology company’s stock worth $116,904,000 after buying an additional 119,938 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Lumentum by 1.1% during the 1st quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company’s stock worth $107,913,000 after buying an additional 19,085 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Lumentum Stock Performance

Shares of LITE stock opened at $163.81 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.18 and a current ratio of 4.37. Lumentum has a one year low of $45.65 and a one year high of $178.49. The company’s 50-day simple moving average is $137.54 and its 200-day simple moving average is $96.82. The stock has a market capitalization of $11.45 billion, a price-to-earnings ratio of 712.22 and a beta of 1.42.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The business had revenue of $480.70 million for the quarter, compared to analysts’ expectations of $465.27 million. During the same quarter last year, the company posted $0.06 earnings per share. The company’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. Equities analysts anticipate that Lumentum will post 0.03 earnings per share 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.