Lumentum Holdings Inc. (NASDAQ:LITE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) have been assigned an average rating of “Moderate Buy” from the nineteen research firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $458.00.

Several research firms have recently weighed in on LITE. UBS Group boosted their price target on Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Stifel Nicolaus boosted their target price on shares of Lumentum to $480.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Citigroup raised their price target on shares of Lumentum to $560.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Wolfe Research reissued an “outperform” rating and issued a $240.00 price objective on shares of Lumentum in a research note on Wednesday, November 5th. Finally, B. Riley Financial raised Lumentum from a “neutral” rating to a “buy” rating and raised their target price for the stock from $147.00 to $526.00 in a research report on Wednesday, February 4th.

Lumentum Stock Up 3.5%

Shares of NASDAQ:LITE opened at $700.91 on Tuesday. Lumentum has a 52-week low of $45.65 and a 52-week high of $765.00. The company has a market capitalization of $50.04 billion, a PE ratio of 215.00 and a beta of 1.51. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The company has a fifty day moving average of $454.79 and a 200-day moving average of $292.63.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.26. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The company had revenue of $665.50 million for the quarter, compared to the consensus estimate of $646.74 million. During the same quarter last year, the business posted $0.42 EPS. Lumentum’s revenue for the quarter was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, equities analysts predict that Lumentum will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling at Lumentum

In other news, Director Penny Herscher sold 4,000 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $597.29, for a total value of $2,389,160.00. Following the sale, the director directly owned 2,057 shares of the company’s stock, valued at approximately $1,228,625.53. This represents a 66.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Yuen Wupen sold 3,157 shares of Lumentum stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the transaction, the insider directly owned 88,439 shares of the company’s stock, valued at $47,580,182. This represents a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 60,473 shares of company stock valued at $35,186,972. 0.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LITE. Vanguard Group Inc. grew its stake in Lumentum by 0.6% during the third quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock worth $1,217,930,000 after purchasing an additional 41,975 shares during the period. Hood River Capital Management LLC boosted its holdings in shares of Lumentum by 82.1% during 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 buying an additional 994,551 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Lumentum by 18.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock worth $683,661,000 after buying an additional 291,591 shares during the period. Geode Capital Management LLC increased its stake in shares of Lumentum by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock valued at $521,563,000 after acquiring an additional 123,265 shares in the last quarter. Finally, Situational Awareness LP increased its stake in shares of Lumentum by 210.9% in the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after acquiring an additional 880,800 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

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.