Lumentum (NASDAQ:LITE) Downgraded by Wall Street Zen to “Hold”

Lumentum (NASDAQ:LITE) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other equities research analysts have also commented on the stock. Susquehanna boosted their price objective on shares of Lumentum from $140.00 to $190.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Raymond James Financial lowered shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 target price for the company. in a report on Friday. KGI Securities began coverage on Lumentum in a research note on Monday, August 18th. They issued an “outperform” rating on the stock. Barclays reiterated an “equal weight” rating and set a $165.00 price objective on shares of Lumentum in a research note on Monday, October 20th. Finally, Wolfe Research assumed coverage on Lumentum in a report on Tuesday, August 12th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $149.43.

Lumentum Trading Up 0.7%

NASDAQ LITE opened at $201.55 on Friday. The firm has a market capitalization of $14.29 billion, a PE ratio of 876.30 and a beta of 1.42. The stock’s 50 day moving average is $160.64 and its 200 day moving average is $112.52. Lumentum has a twelve month low of $45.65 and a twelve month high of $214.50. The company has a quick ratio of 3.18, a current ratio of 4.37 and a debt-to-equity ratio of 2.26.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, August 12th. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.The business had revenue of $480.70 million during the quarter, compared to analyst estimates of $465.27 million. During the same quarter last year, the firm posted $0.06 earnings per share. The company’s revenue for the quarter was up 55.9% on a year-over-year basis. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Research analysts forecast that Lumentum will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Yuen Wupen sold 3,282 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $119.25, for a total transaction of $391,378.50. Following the sale, the insider directly owned 104,554 shares of the company’s stock, valued at $12,468,064.50. This trade represents a 3.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jae Kim sold 4,507 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $116.88, for a total value of $526,778.16. Following the completion of the transaction, the senior vice president directly owned 33,465 shares of the company’s stock, valued at approximately $3,911,389.20. This trade represents a 11.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 18,439 shares of company stock valued at $2,206,997. Company insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LITE. Skandinaviska Enskilda Banken AB publ purchased a new stake in Lumentum during the 1st quarter valued at $25,000. FNY Investment Advisers LLC bought a new position in shares of Lumentum during the 2nd quarter valued at $38,000. SVB Wealth LLC bought a new position in shares of Lumentum during the 1st quarter valued at $40,000. MAI Capital Management lifted its holdings in shares of Lumentum by 27.0% during the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after buying an additional 96 shares during the period. Finally, Steigerwald Gordon & Koch Inc. bought a new position in shares of Lumentum during the 3rd quarter valued at $49,000. Institutional investors own 94.05% of the company’s stock.

About Lumentum

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.