Lumentum Holdings Inc. (NASDAQ:LITE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) have earned an average rating of “Moderate Buy” from the twenty brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $190.6667.

A number of brokerages have recently commented on LITE. Barclays lifted their price target on shares of Lumentum from $165.00 to $181.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. Rosenblatt Securities upped their price target on Lumentum to $280.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Bank of America raised Lumentum from an “underperform” rating to a “neutral” rating and increased their price target for the company from $78.00 to $135.00 in a research note on Wednesday, August 13th. Morgan Stanley reaffirmed a “cautious” rating and issued a $190.00 price objective on shares of Lumentum in a research note on Wednesday, November 5th. Finally, B. Riley increased their target price on shares of Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th.

Lumentum Price Performance

Lumentum stock opened at $232.15 on Friday. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37. Lumentum has a 52 week low of $45.65 and a 52 week high of $273.89. The stock has a market capitalization of $16.46 billion, a P/E ratio of 155.81 and a beta of 1.48. The stock has a fifty day moving average of $180.49 and a 200-day moving average of $125.34.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share 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 business’s quarterly revenue was up 58.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, sell-side analysts expect that Lumentum will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Matthew Joseph Sepe sold 4,232 shares of Lumentum stock in a transaction on Friday, November 7th. The shares were sold at an average price of $239.63, for a total transaction of $1,014,114.16. Following the completion of the transaction, the chief accounting officer owned 43,544 shares of the company’s stock, valued at $10,434,448.72. This trade represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the insider 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 39,521 shares of company stock worth $7,638,422. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

Several large investors have recently added to or reduced their stakes in the business. PointState Capital LP bought a new stake in Lumentum in the first quarter worth approximately $213,503,000. Arrowstreet Capital Limited Partnership grew its position in shares of Lumentum by 8,579.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after buying an additional 1,545,199 shares during the period. Hood River Capital Management LLC increased its stake in shares of Lumentum by 82.1% in the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after acquiring an additional 994,551 shares in the last quarter. Analog Century Management LP acquired a new position in shares of Lumentum during the 1st quarter valued at $60,348,000. Finally, Norges Bank bought a new position in Lumentum during the second quarter worth $82,983,000. Institutional investors and hedge funds 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.