Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) shares traded up 5.9% during mid-day trading on Monday . The stock traded as high as $931.85 and last traded at $905.00. 7,795,549 shares changed hands during trading, an increase of 30% from the average session volume of 5,991,229 shares. The stock had previously closed at $854.96.
Trending Headlines about Lumentum
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: Nvidia’s commentary on the need for optical interconnects in AI data centers has strengthened the investment case for Lumentum as a photonics supplier benefiting from AI infrastructure spending. Nvidia Optics Shift Puts Lumentum At Center Of AI Data Centers
- Positive Sentiment: Traders reacted to a bullish “Power Inflow” signal, which suggests strong buying interest and helped reinforce the recent breakout in Lumentum shares. Lumentum Shares Rise Over 7 Percent After Key Trading Signal
- Positive Sentiment: Analysts and market commentary pointed to improving AI laser-chip momentum, including record EML shipments and stronger 200G demand, which could support future revenue growth. Lumentum’s AI Laser Chip Momentum Builds: More Upside Ahead?
- Positive Sentiment: Broader optimism across optical networking stocks, including Lumentum, has added momentum as investors bet AI data center spending will continue to accelerate. Why Lumentum, Coherent and other optical stocks are rocketing toward big gains
- Neutral Sentiment: A director sold 4,000 shares in a pre-arranged Rule 10b5-1 plan, which is worth noting but does not necessarily signal a change in fundamentals. Lumentum (NASDAQ:LITE) Director Isaac Hosojiro Harris Sells 4,000 Shares of Stock
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on LITE shares. Susquehanna lifted their price target on shares of Lumentum from $550.00 to $1,100.00 and gave the stock a “positive” rating in a research note on Monday, April 20th. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Raymond James Financial restated an “outperform” rating and issued a $1,014.00 target price on shares of Lumentum in a report on Wednesday, May 6th. Rosenblatt Securities lifted their target price on shares of Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Northland Securities increased their price target on Lumentum from $1,000.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.95.
Lumentum Stock Up 13.7%
The company’s 50 day moving average price is $865.06 and its two-hundred day moving average price is $590.51. The firm has a market cap of $80.07 billion, a PE ratio of 190.58 and a beta of 1.47. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01.
Lumentum (NASDAQ:LITE – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.27 by $0.10. The firm had revenue of $808.40 million during the quarter, compared to analyst estimates of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.Lumentum’s revenue was up 90.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, equities research analysts expect that Lumentum Holdings Inc. will post 6.49 EPS for the current fiscal year.
Insider Transactions at Lumentum
In other news, insider Yuen Wupen sold 3,210 shares of Lumentum stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $953.95, for a total transaction of $3,062,179.50. Following the transaction, the insider directly owned 81,488 shares of the company’s stock, valued at $77,735,477.60. The trade was a 3.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, insider Vincent Retort sold 3,183 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider owned 89,563 shares of the company’s stock, valued at approximately $85,438,623.85. This trade represents a 3.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last three months, insiders have sold 39,844 shares of company stock valued at $37,443,107. Company insiders own 0.43% of the company’s stock.
Institutional Trading of Lumentum
Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Lumentum by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock worth $1,217,930,000 after buying an additional 41,975 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Lumentum by 18.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock valued at $683,661,000 after acquiring an additional 291,591 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Lumentum by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock valued at $521,563,000 after acquiring an additional 123,265 shares in the last quarter. Situational Awareness LP boosted its stake in shares of Lumentum by 210.9% in the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock worth $478,577,000 after acquiring an additional 880,800 shares during the period. Finally, Norges Bank bought a new position in shares of Lumentum in the fourth quarter worth about $474,495,000. 94.05% of the stock is currently owned by institutional investors.
Lumentum Company Profile
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.
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