Lumentum Holdings Inc. (NASDAQ:LITE) Receives $139.43 Average PT from Brokerages

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) have been given an average recommendation of “Moderate Buy” by the nineteen ratings firms that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $144.0714.

Several research analysts have recently commented on LITE shares. JPMorgan Chase & Co. raised their target price on shares of Lumentum from $145.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Rosenblatt Securities lifted their price objective on shares of Lumentum from $150.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Barclays reissued an “equal weight” rating and issued a $165.00 price objective on shares of Lumentum in a research note on Monday, October 20th. Susquehanna lifted their price objective on shares of Lumentum from $140.00 to $190.00 and gave the company a “positive” rating in a research note on Wednesday. Finally, KGI Securities started coverage on shares of Lumentum in a research note on Monday, August 18th. They issued an “outperform” rating on the stock.

Insiders Place Their Bets

In related news, Director Julia Suzanne Johnson sold 1,250 shares of Lumentum stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $119.06, for a total value of $148,825.00. Following the transaction, the director directly owned 22,037 shares of the company’s stock, valued at $2,623,725.22. This trade represents a 5.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Wajid Ali sold 2,526 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $124.39, for a total transaction of $314,209.14. Following the completion of the sale, the chief financial officer owned 77,087 shares in the company, valued at $9,588,851.93. This represents a 3.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,158 shares of company stock valued at $4,706,087 over the last three months. 0.43% of the stock is owned by corporate insiders.

Institutional Trading of Lumentum

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Lumentum by 0.6% in the first quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock valued at $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 in the first quarter worth $213,503,000. Hood River Capital Management LLC grew its stake in shares of Lumentum by 82.1% in the second 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 last quarter. Atreides Management LP grew its stake in shares of Lumentum by 6.8% in the first quarter. Atreides Management LP now owns 1,875,257 shares of the technology company’s stock worth $116,904,000 after purchasing an additional 119,938 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Lumentum by 1.1% in the first quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company’s stock worth $107,913,000 after purchasing an additional 19,085 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Stock Up 6.4%

Shares of 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 firm’s 50 day moving average is $152.27 and its 200-day moving average is $107.05. The stock has a market capitalization of $12.71 billion, a PE 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.

Lumentum (NASDAQ:LITE) last announced its 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 company had revenue of $480.70 million for the quarter, compared to analysts’ expectations of $465.27 million. During the same period last year, the firm earned $0.06 earnings per share. The business’s revenue for the quarter was up 55.9% on a year-over-year basis. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Equities research analysts forecast that Lumentum will post 0.03 EPS for the current year.

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.