Q2 EPS Estimates for Lumentum Raised by Northland Securities

Lumentum Holdings Inc. (NASDAQ:LITE) – Investment analysts at Northland Securities raised their Q2 2027 EPS estimates for Lumentum in a report issued on Tuesday, November 3rd. Northland Securities analyst T. Savageaux now anticipates that the technology company will post earnings of $4.85 per share for the quarter, up from their previous forecast of $4.63. The consensus estimate for Lumentum’s current full-year earnings is $19.93 per share. Northland Securities also issued estimates for Lumentum’s Q3 2027 earnings at $5.33 EPS and Q4 2027 earnings at $5.83 EPS.

LITE has been the subject of several other research reports. Stonex Financial raised Lumentum to a “strong-buy” rating in a research report on Monday, October 26th. Wolfe Research restated an “outperform” rating on shares of Lumentum in a research note on Friday, August 21st. Jefferies Financial Group raised their price target on Lumentum from $1,200.00 to $1,250.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. Morgan Stanley raised their target price on shares of Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Finally, JPMorgan Chase & Co. raised their price objective on Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Lumentum has a consensus rating of “Moderate Buy” and an average price target of $1,081.61.

Lumentum Trading Up 10.7%

NASDAQ LITE opened at $596.16 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.61 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $54.07 billion, a PE ratio of -7.57 and a beta of 1.64. The stock’s 50 day moving average is $888.15 and its 200 day moving average is $802.77. Lumentum has a twelve month low of $215.35 and a twelve month high of $1,143.00.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Monday, November 2nd. The technology company reported $4.57 EPS for the quarter, topping the consensus estimate of $4.22 by $0.35. Lumentum had a negative net margin of 175.82% and a positive return on equity of 28.85%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business earned $1.10 EPS. The company’s revenue for the quarter was up 136.5% on a year-over-year basis.

Institutional Trading of Lumentum

Several institutional investors and hedge funds have recently made changes to their positions in the business. Burkett Financial Services LLC purchased a new position in shares of Lumentum during the third quarter worth approximately $28,000. Putney Financial Group LLC purchased a new stake in shares of Lumentum in the third quarter valued at approximately $28,000. Signature Equity Partners LLC grew its stake in Lumentum by 220.0% in the third quarter. Signature Equity Partners LLC now owns 32 shares of the technology company’s stock worth $31,000 after purchasing an additional 22 shares in the last quarter. Sachetta LLC grew its stake in Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after purchasing an additional 19 shares in the last quarter. Finally, Latitude Advisors LLC bought a new position in Lumentum in the third quarter worth approximately $40,000. 94.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lumentum

In other Lumentum news, insider Yuen Wupen sold 307 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total value of $290,115.00. Following the completion of the sale, the insider owned 108,320 shares of the company’s stock, valued at $102,362,400. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the transaction, the chief financial officer directly owned 75,074 shares in the company, valued at approximately $78,715,089. This represents a 24.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 94,496 shares of company stock worth $85,978,498. Insiders own 0.28% of the company’s stock.

Lumentum Company Profile

Lumentum Holdings Inc develops and manufactures optical and photonic products used in communications networks and industrial applications. Its offerings include optical components, modules and lasers that help transmit and process data across telecommunications and data center networks.

The company also supplies lasers and related technologies for industrial uses, including precision manufacturing and semiconductor production. Its products serve customers in markets around the world.

Lumentum became an independent public company in 2015 through a spin-off from JDSU, now Viavi Solutions.