Lumentum (NASDAQ:LITE) Trading Up 13.9% – Here’s Why

Lumentum Holdings Inc. (NASDAQ:LITE) shares were up 13.9% during trading on Monday . The company traded as high as $273.06 and last traded at $273.3740. Approximately 2,387,442 shares changed hands during trading, a decline of 18% from the average daily volume of 2,906,980 shares. The stock had previously closed at $240.11.

Wall Street Analyst Weigh In

LITE has been the subject of a number of research analyst reports. Rosenblatt Securities upped their target price on Lumentum to $280.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Weiss Ratings cut Lumentum from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Barclays increased their price objective on Lumentum from $165.00 to $181.00 and gave the company an “equal weight” rating in a report on Thursday. Wall Street Zen cut shares of Lumentum from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Bank of America upgraded shares of Lumentum from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $78.00 to $135.00 in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $190.67.

Lumentum Stock Up 10.0%

The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77. The stock has a market capitalization of $18.73 billion, a PE ratio of 177.66 and a beta of 1.48. The firm’s fifty day moving average is $169.80 and its 200-day moving average is $119.28.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.07. The company had revenue of $533.80 million for the quarter, compared to analysts’ expectations of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The firm’s quarterly revenue was up 58.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 EPS. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, equities research analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Insiders Place Their Bets

In other Lumentum news, insider Yuen Wupen sold 3,281 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $124.86, for a total transaction of $409,665.66. Following the sale, the insider directly owned 101,273 shares in the company, valued at approximately $12,644,946.78. The trade was a 3.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Wajid Ali sold 2,526 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $124.39, for a total transaction of $314,209.14. Following the transaction, the chief financial officer directly owned 77,087 shares in the company, valued at approximately $9,588,851.93. This trade represents a 3.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 18,198 shares of company stock worth $2,180,887 in the last ninety days. 0.43% of the stock is owned by insiders.

Institutional Investors Weigh In On Lumentum

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Lumentum by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock worth $1,217,930,000 after acquiring an additional 41,975 shares in the last quarter. PointState Capital LP acquired a new position in Lumentum during the first quarter worth $213,503,000. Hood River Capital Management LLC raised its holdings in Lumentum by 82.1% during 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 boosted its position in Lumentum by 6.8% during 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 in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Lumentum by 1.1% in the first quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company’s stock valued at $107,913,000 after purchasing an additional 19,085 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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.