Lumentum (NASDAQ:LITE) Stock Price Up 5.6% – Time to Buy?

Lumentum Holdings Inc. (NASDAQ:LITE) traded up 5.6% during mid-day trading on Tuesday . The stock traded as high as $816.92 and last traded at $815.75. 5,203,860 shares were traded during trading, a decline of 13% from the average session volume of 6,006,132 shares. The stock had previously closed at $772.28.

Analyst Ratings Changes

Several brokerages have commented on LITE. Needham & Company LLC boosted their target price on shares of Lumentum to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Susquehanna boosted their target price on shares of Lumentum to $550.00 and gave the stock a “positive” rating in a research report on Wednesday, February 4th. Morgan Stanley boosted their target price on shares of Lumentum to $595.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 18th. Bank of America boosted their target price on shares of Lumentum to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $147.00 to $526.00 in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $575.06.

Lumentum Trading Up 5.6%

The firm has a market cap of $58.24 billion, a price-to-earnings ratio of 250.23 and a beta of 1.38. 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 business has a fifty day moving average of $631.71 and a two-hundred day moving average of $397.16.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. The business had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The company’s revenue was up 65.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lumentum news, Director Penny Herscher sold 4,000 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $597.29, for a total transaction of $2,389,160.00. Following the sale, the director owned 2,057 shares in the company, valued at approximately $1,228,625.53. This represents a 66.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Yuen Wupen sold 3,157 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the sale, the insider owned 88,439 shares in the company, valued at approximately $47,580,182. This trade represents a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 65,775 shares of company stock worth $38,851,343 in the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

A number of large investors have recently bought and sold shares of LITE. Advisors Asset Management Inc. grew its holdings in Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after buying an additional 254 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Lumentum by 109.9% during the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock valued at $747,000 after buying an additional 6,275 shares during the last quarter. Empowered Funds LLC grew its holdings in Lumentum by 9.1% during the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after buying an additional 680 shares during the last quarter. Prudential Financial Inc. grew its holdings in Lumentum by 21.3% during the 2nd quarter. Prudential Financial Inc. now owns 7,327 shares of the technology company’s stock valued at $697,000 after buying an additional 1,288 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Lumentum by 53.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,682 shares of the technology company’s stock valued at $540,000 after buying an additional 1,986 shares during the last quarter. Institutional investors and hedge funds 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.