Analysts Set Lumentum Holdings Inc. (NASDAQ:LITE) Price Target at $222.13

by · The Cerbat Gem

Shares of Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twenty-one brokerages that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $230.25.

A number of brokerages have issued reports on LITE. Rosenblatt Securities lifted their price objective on Lumentum to $380.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Northland Securities set a $350.00 price target on Lumentum in a report on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Finally, Barclays lifted their target price 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.

View Our Latest Report on LITE

Insider Buying and Selling

In other news, SVP Jae Kim sold 1,367 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $234.14, for a total value of $320,069.38. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Julia Suzanne Johnson sold 10,000 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $270.39, for a total value of $2,703,900.00. Following the transaction, the director directly owned 12,037 shares in the company, valued at approximately $3,254,684.43. The trade was a 45.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 28,612 shares of company stock worth $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

Several large investors have recently bought and sold shares of LITE. Arrowstreet Capital Limited Partnership lifted its stake in Lumentum by 8,579.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after acquiring an additional 1,545,199 shares during the period. Hood River Capital Management LLC grew its stake in shares of Lumentum by 82.1% in the second 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 position in shares of Lumentum during the second quarter valued at approximately $82,983,000. Assenagon Asset Management S.A. lifted its position in Lumentum by 707.0% during 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 purchasing an additional 871,249 shares during the period. Finally, Holocene Advisors LP purchased a new stake in Lumentum in the third quarter worth approximately $136,401,000. 94.05% of the stock is currently owned by institutional investors.

Lumentum Stock Up 0.9%

Shares of Lumentum stock opened at $351.42 on Monday. Lumentum has a 1 year low of $45.65 and a 1 year high of $402.79. The firm has a market cap of $24.92 billion, a price-to-earnings ratio of 235.85 and a beta of 1.51. The company has a 50-day moving average of $316.21 and a 200 day moving average of $197.36. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02.

Lumentum (NASDAQ:LITE – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The business had revenue of $533.80 million for the quarter, compared to analysts’ expectations of $525.10 million. During the same quarter in the prior year, the company 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. As a group, sell-side analysts anticipate that Lumentum will post 0.03 earnings per share for the current fiscal year.

About Lumentum

(Get Free Report)

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.

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