Lumentum (NASDAQ:LITE) Reaches New 1-Year High – What’s Next?

Lumentum Holdings Inc. (NASDAQ:LITE) shares hit a new 52-week high on Thursday . The company traded as high as $402.79 and last traded at $392.88, with a volume of 4713695 shares changing hands. The stock had previously closed at $397.42.

Wall Street Analyst Weigh In

LITE has been the topic of several recent analyst reports. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Wolfe Research reiterated an “outperform” rating and issued a $240.00 price objective on shares of Lumentum in a report on Wednesday, November 5th. Wall Street Zen cut Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. JPMorgan Chase & Co. increased their price target on shares of Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Finally, Barclays raised their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $230.25.

Lumentum Stock Performance

The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77. The firm has a 50-day simple moving average of $316.21 and a 200 day simple moving average of $197.36. The company has a market cap of $24.92 billion, a price-to-earnings ratio of 235.85 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The business had revenue of $533.80 million for the quarter, compared to analyst estimates of $525.10 million. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The company’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, sell-side analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Jae Kim sold 1,367 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $234.14, for a total value of $320,069.38. Following the transaction, the senior vice president owned 38,570 shares in the company, valued at $9,030,779.80. The trade was a 3.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $243.32, for a total value of $1,751,904.00. Following the sale, the director directly owned 9,764 shares of the company’s stock, valued at approximately $2,375,776.48. This represents a 42.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,612 shares of company stock valued at $7,317,398 in the last quarter. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

Several large investors have recently modified their holdings of LITE. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after purchasing an additional 1,545,199 shares during the period. Hood River Capital Management LLC lifted 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 worth $209,745,000 after acquiring an additional 994,551 shares during the period. Norges Bank purchased a new stake in shares of Lumentum in the second quarter valued at about $82,983,000. Assenagon Asset Management S.A. boosted its holdings in shares of Lumentum by 707.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock valued at $366,555,000 after acquiring an additional 871,249 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of Lumentum during the third quarter worth about $136,401,000. 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.