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

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) have been given an average rating of “Moderate Buy” by the twenty research firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $285.1875.

Several brokerages have commented on LITE. JPMorgan Chase & Co. upped their price objective on shares of Lumentum from $145.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. B. Riley boosted their price target 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. Wolfe Research restated an “outperform” rating and issued a $240.00 price objective on shares of Lumentum in a report on Wednesday, November 5th. Susquehanna lifted their price objective on Lumentum from $230.00 to $420.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Finally, Northland Securities set a $350.00 target price on Lumentum in a research report on Wednesday, December 3rd.

Insider Buying and Selling

In other news, Director Isaac Hosojiro Harris sold 7,200 shares of the company’s stock in a transaction dated 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 $2,375,776.48. This represents a 42.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jae Kim sold 170 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $246.00, for a total transaction of $41,820.00. Following the completion of the transaction, the senior vice president owned 38,400 shares of the company’s stock, valued at approximately $9,446,400. The trade was a 0.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 28,612 shares of company stock valued at $7,317,398 over the last 90 days. 0.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lumentum

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Lumentum by 363.9% during the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after purchasing an additional 131 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Lumentum in the 4th quarter worth approximately $28,000. Danske Bank A S bought a new position in Lumentum during the 3rd quarter valued at approximately $33,000. Chesapeake Asset Management LLC purchased a new position in Lumentum during the fourth quarter valued at $37,000. Finally, BOCHK Asset Management Ltd bought a new stake in Lumentum in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Trading Down 0.9%

LITE opened at $381.44 on Friday. Lumentum has a one year low of $45.65 and a one year high of $402.79. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The business has a 50 day simple moving average of $348.01 and a two-hundred day simple moving average of $222.45. The firm has a market capitalization of $27.04 billion, a price-to-earnings ratio of 256.00 and a beta of 1.51.

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

About Lumentum

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.