Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, sixteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $1,078.75.
Several analysts recently commented on the company. Raymond James Financial restated an “outperform” rating and issued a $1,036.00 target price on shares of Lumentum in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their target price on Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Mizuho boosted their price target on Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price target on shares of Lumentum in a research note on Monday, October 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $1,040.00 price target on shares of Lumentum in a research note on Wednesday, August 12th.
View Our Latest Research Report on LITE
Lumentum News Roundup
- Positive Sentiment: AI infrastructure demand is outpacing Lumentum’s manufacturing capacity, with shortages for certain optical products potentially lasting through 2028. The supply-demand imbalance supports strong order visibility, pricing power and elevated margins. Lumentum Can’t Keep Up With AI Demand—and Its Stock Is Surging
- Positive Sentiment: Management’s outlook suggests a multiyear growth opportunity as AI data centers shift from copper to high-speed optical networking. One analysis said Lumentum may be unable to meet about 70% of demand for some products through next year and highlighted management’s target of $40 in adjusted EPS by fiscal 2028. Lumentum: At The Point Of A Potential Upside Breakout
- Positive Sentiment: Analyst and market commentary characterized LITE as having a multiyear runway for growth, while Zacks added the stock to its Rank #1 Strong Buy list. The demand signal also lifted sentiment toward other optical-networking companies. Evercore ISI: LITE has a multiyear runway for growth ahead
- Neutral Sentiment: The bullish demand outlook follows a period of substantial gains and elevated investor expectations. Lumentum’s opportunity depends on expanding production successfully and converting its backlog into cash flow and earnings.
- Negative Sentiment: Optical stocks experienced broad profit-taking and sector-wide selling recently, underscoring valuation and execution risks after their sharp advances. Investors may also remain cautious about whether current AI demand can justify LITE’s high valuation. Optics Stocks Tumble as Profit Taking Cuts Into Big Yearly Gains
Lumentum Trading Down 0.0%
Shares of NASDAQ:LITE opened at $1,103.35 on Wednesday. The company has a market cap of $99.94 billion, a PE ratio of -13.42 and a beta of 1.53. The company’s 50-day moving average price is $923.68 and its 200 day moving average price is $870.95. Lumentum has a fifty-two week low of $147.81 and a fifty-two week high of $1,143.00. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01.
Lumentum (NASDAQ:LITE – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. The business’s revenue for the quarter was up 109.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Sell-side analysts anticipate that Lumentum will post 19.78 earnings per share for the current year.
Insider Activity
In other Lumentum news, insider Yuen Wupen sold 307 shares of the business’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total transaction of $290,115.00. Following the sale, the insider directly owned 108,320 shares in the company, valued at approximately $102,362,400. The trade was a 0.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $1,048.50, for a total transaction of $25,732,287.00. Following the sale, the chief financial officer owned 75,074 shares in the company, valued at $78,715,089. This trade represents a 24.64% 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. Insiders sold 94,496 shares of company stock valued at $85,978,498 in the last ninety days. Corporate insiders own 0.43% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. GK Wealth Management LLC raised its holdings in Lumentum by 10.5% during the third quarter. GK Wealth Management LLC now owns 716 shares of the technology company’s stock valued at $695,000 after buying an additional 68 shares in the last quarter. Riversedge Advisors LLC lifted its position in shares of Lumentum by 14.7% in the third quarter. Riversedge Advisors LLC now owns 327 shares of the technology company’s stock worth $318,000 after buying an additional 42 shares during the last quarter. Wedmont Private Capital lifted its position in shares of Lumentum by 93.3% in the third quarter. Wedmont Private Capital now owns 3,065 shares of the technology company’s stock worth $3,214,000 after buying an additional 1,479 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Lumentum by 8.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,623 shares of the technology company’s stock worth $3,519,000 after acquiring an additional 295 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Lumentum by 5.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,296 shares of the technology company’s stock worth $3,202,000 after acquiring an additional 169 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.
Lumentum Company Profile
Lumentum Holdings Inc is a photonics and optical technology company that develops and manufactures products used to transmit, process and manage light. Its solutions support communications networks, data centers, cloud computing infrastructure, industrial applications, and other technology markets that rely on high-speed optical connectivity and precision lasers.
The company’s product portfolio includes optical components and modules for telecommunications and networking, lasers and laser systems, optical amplifiers, wavelength-management products, and photonic subsystems.
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