Lumentum (NASDAQ:LITE) Stock Rating Lowered by Wall Street Zen

Lumentum (NASDAQ:LITE) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

LITE has been the subject of several other research reports. Barclays raised their target price on shares of Lumentum from $135.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, September 9th. Raymond James Financial raised their price target on shares of Lumentum from $125.00 to $145.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 13th. Morgan Stanley raised their price target on shares of Lumentum from $92.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 13th. Bank of America raised shares of Lumentum from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $78.00 to $135.00 in a research note on Wednesday, August 13th. Finally, Citigroup started coverage on shares of Lumentum in a research note on Friday, August 29th. They issued a “buy” rating and a $165.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and a consensus target price of $128.00.

Lumentum Price Performance

Lumentum stock opened at $170.90 on Monday. The firm has a 50-day moving average price of $120.51 and a 200-day moving average price of $87.96. The firm has a market capitalization of $11.95 billion, a PE ratio of 743.04 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. Lumentum has a 12-month low of $45.65 and a 12-month high of $171.87.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, August 12th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. The firm had revenue of $480.70 million during the quarter, compared to analyst estimates of $465.27 million. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The business’s revenue was up 55.9% on a year-over-year basis. During the same quarter last year, the business earned $0.06 EPS. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. As a group, equities research analysts forecast that Lumentum will post 0.03 EPS for the current year.

Insider Buying and Selling at Lumentum

In other Lumentum news, Director Alan S. Lowe sold 20,000 shares of the firm’s stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $93.47, for a total transaction of $1,869,400.00. Following the transaction, the director owned 230,471 shares of the company’s stock, valued at approximately $21,542,124.37. This trade represents a 7.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Yuen Wupen sold 3,282 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $119.25, for a total transaction of $391,378.50. Following the transaction, the insider directly owned 104,554 shares in the company, valued at $12,468,064.50. This trade represents a 3.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,687 shares of company stock worth $6,628,952. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Lumentum by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock valued at $463,198,000 after purchasing an additional 47,811 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Lumentum in the 1st quarter valued at about $260,000. UMB Bank n.a. boosted its holdings in shares of Lumentum by 132.9% in the 1st quarter. UMB Bank n.a. now owns 785 shares of the technology company’s stock valued at $49,000 after buying an additional 448 shares in the last quarter. FORA Capital LLC bought a new stake in shares of Lumentum in the 1st quarter valued at about $642,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Lumentum by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 159,154 shares of the technology company’s stock valued at $9,922,000 after buying an additional 1,660 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

About Lumentum

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.