Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $890.17, but opened at $931.05. Lumentum shares last traded at $869.5290, with a volume of 1,419,093 shares.
Key Lumentum News
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: Quarterly earnings and revenue exceeded estimates. Lumentum reported fourth-quarter adjusted earnings of $3.23 per share, up from $0.88 a year earlier and above consensus estimates near $2.97-$2.99. Revenue reached $1.01 billion, topping the $987.7 million analyst forecast. Lumentum Q4 Earnings and Revenues Top Estimates
- Positive Sentiment: First-quarter fiscal 2027 guidance was substantially above expectations. Lumentum forecast EPS of $4.05-$4.35, compared with the consensus estimate of $3.55. Its $1.2 billion-$1.3 billion revenue outlook was at least in line with expectations and implies continued momentum. Lumentum Earnings Report
- Positive Sentiment: Management highlighted favorable AI infrastructure demand. CEO commentary indicated that data centers are increasingly shifting from copper to optical links, positioning Lumentum as a supplier of critical components for the ongoing AI buildout. Analysts also described the company as well positioned for AI-driven growth. Lumentum Beats Q4 Estimates
- Neutral Sentiment: Short-interest data offers no meaningful signal. Reported short interest was zero shares, but the accompanying percentage change was not meaningful, limiting its usefulness for explaining the stock’s move.
- Negative Sentiment: Valuation remains a risk. Lumentum’s elevated valuation—approximately 152 times earnings—leaves the shares sensitive to profit-taking or any slowdown in AI-related spending, despite the strong results.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on LITE shares. Stifel Nicolaus boosted their price target on shares of Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. BNP Paribas Exane increased their price objective on shares of Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Rosenblatt Securities lifted their price objective on shares of Lumentum from $900.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and issued a $1,014.00 price objective on shares of Lumentum in a research note on Wednesday, May 6th. Finally, Morgan Stanley upped their target price on Lumentum from $710.00 to $900.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,012.67.
Lumentum Trading Up 0.9%
The firm has a market capitalization of $63.84 billion, a PE ratio of 151.96 and a beta of 1.50. The company’s 50-day simple moving average is $809.23 and its 200 day simple moving average is $763.39. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 0.01.
Lumentum (NASDAQ:LITE – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company’s quarterly revenue was up 109.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, sell-side analysts expect that Lumentum Holdings Inc. will post 6.42 EPS for the current year.
Insider Buying and Selling
In other Lumentum news, SVP Jae Kim sold 1,422 shares of Lumentum stock in a transaction on Monday, May 18th. The shares were sold at an average price of $953.95, for a total value of $1,356,516.90. Following the transaction, the senior vice president directly owned 32,333 shares of the company’s stock, valued at approximately $30,844,065.35. The trade was a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $3,036,422.85. Following the transaction, the insider directly owned 89,563 shares in the company, valued at approximately $85,438,623.85. The trade was a 3.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold 23,827 shares of company stock valued at $22,051,069 over the last quarter. Insiders own 0.43% of the company’s stock.
Institutional Investors Weigh In On Lumentum
A number of large investors have recently modified their holdings of the business. Hilltop National Bank boosted its stake in shares of Lumentum by 26.8% in the 2nd quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock valued at $61,000 after buying an additional 15 shares during the period. Sachetta LLC increased its stake in shares of Lumentum by 118.8% during the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after buying an additional 19 shares during the period. Versant Capital Management Inc increased its stake in shares of Lumentum by 39.5% during the second quarter. Versant Capital Management Inc now owns 106 shares of the technology company’s stock worth $91,000 after buying an additional 30 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in Lumentum in the first quarter valued at approximately $25,000. Finally, Abel Hall LLC raised its holdings in Lumentum by 5.5% in the first quarter. Abel Hall LLC now owns 693 shares of the technology company’s stock valued at $487,000 after acquiring an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Lumentum
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Receive News & Ratings for Lumentum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumentum and related companies with MarketBeat.com's FREE daily email newsletter.
