Lumentum (NASDAQ:LITE) Shares Up 1.3% – What’s Next?

Posted by Brian Himes on Oct 19th, 2026

Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) shares rose 1.3% on Monday. The stock traded as high as $874.41 and last traded at $834.51. Approximately 4,058,795 shares changed hands during trading, a decline of 26% from the average daily volume of 5,488,946 shares. The stock had previously closed at $824.13.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LITE shares. Bank of America cut their price target on shares of Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a report on Wednesday, August 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,040.00 price objective on shares of Lumentum in a research note on Wednesday, August 12th. Weiss Ratings downgraded shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. Evercore started coverage on shares of Lumentum in a report on Monday, August 31st. They set an “outperform” rating and a $1,100.00 target price for the company. Finally, Sanford C. Bernstein began coverage on shares of Lumentum in a report on Wednesday, September 30th. They set an “outperform” rating and a $1,220.00 target price for the company. Sixteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,078.75.

Check Out Our Latest Stock Analysis on LITE

Lumentum Stock Up 1.3%

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The stock has a market capitalization of $75.59 billion, a PE ratio of -10.15 and a beta of 1.53. The company has a 50 day moving average price of $931.48 and a 200-day moving average price of $877.62.

Lumentum (NASDAQ:LITE – Get Free Report) last announced its earnings results on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.26. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. During the same quarter in the prior year, the company earned $0.88 earnings per share. The firm’s revenue for the quarter was up 109.3% on a year-over-year basis. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, analysts forecast that Lumentum Holdings Inc. will post 19.79 earnings per share for the current fiscal year.

Insider Buying and Selling at Lumentum

In other news, insider Yuen Wupen sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,241,730.00. Following the completion of the sale, the insider directly owned 100,434 shares of the company’s stock, valued at approximately $83,141,273.88. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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, CFO Wajid Ali sold 24,542 shares of Lumentum stock in a transaction dated Thursday, October 1st. The shares were 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 directly owned 75,074 shares in the company, valued at $78,715,089. The trade was a 24.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 94,496 shares of company stock worth $85,978,498. 0.28% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lumentum

A number of institutional investors have recently bought and sold shares of LITE. Hilton Head Capital Partners LLC purchased a new position in shares of Lumentum during the 1st quarter worth approximately $25,000. Sachetta LLC raised its position in shares of Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after acquiring an additional 19 shares in the last quarter. Burkett Financial Services LLC bought a new position in shares of Lumentum in the 3rd quarter worth approximately $28,000. Meeder Asset Management Inc. purchased a new position in shares of Lumentum in the 2nd quarter valued at approximately $40,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in shares of Lumentum in the 2nd quarter valued at approximately $41,000. 94.05% of the stock is owned by institutional investors.

Lumentum Company Profile

(Get Free Report)

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.