Lumentum (NASDAQ:LITE) Shares Up 4.2% – Here’s Why

01 Jul 2026, 20:20 by Sarita Garza · The Markets Daily

Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) rose 4.2% during trading on Monday . The stock traded as high as $852.78 and last traded at $851.40. 5,550,989 shares changed hands during trading, a decline of 8% from the average session volume of 6,008,645 shares. The stock had previously closed at $816.98.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LITE. BNP Paribas Exane raised their target price on shares of Lumentum from $1,040.00 to $1,300.00 in a report on Wednesday, May 6th. Mizuho set a $1,100.00 target price on Lumentum in a research report on Wednesday, May 6th. Jefferies Financial Group reissued a “buy” rating and issued a $1,200.00 price objective on shares of Lumentum in a research note on Wednesday, May 6th. JPMorgan Chase & Co. upped their target price on Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.95.

Check Out Our Latest Stock Report on Lumentum

Lumentum Trading Down 6.6%

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97. The company has a fifty day simple moving average of $899.51 and a two-hundred day simple moving average of $677.61. The company has a market capitalization of $62.33 billion, a P/E ratio of 148.36 and a beta of 1.47.

Lumentum (NASDAQ:LITE – Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. The firm had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.The firm’s revenue for the quarter was up 90.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, analysts forecast that Lumentum Holdings Inc. will post 6.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Lumentum

In other news, Director Isaac Hosojiro Harris sold 1,416 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $1,000.08, for a total transaction of $1,416,113.28. Following the completion of the transaction, the director directly owned 6,984 shares in the company, valued at approximately $6,984,558.72. The trade was a 16.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vincent Retort sold 3,183 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $953.95, for a total value of $3,036,422.85. Following the sale, the insider directly owned 89,563 shares in the company, valued at approximately $85,438,623.85. This represents a 3.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 41,260 shares of company stock valued at $38,859,220 over the last three months. Insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Lumentum

A number of large investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership increased its position in shares of 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 purchasing an additional 1,545,199 shares during the last quarter. Norges Bank purchased a new position in Lumentum during the fourth quarter worth about $474,495,000. Value Aligned Research Advisors LLC bought a new stake in Lumentum during the fourth quarter valued at approximately $432,062,000. Situational Awareness LP lifted its stake in Lumentum by 210.9% during the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock worth $478,577,000 after purchasing an additional 880,800 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Lumentum by 707.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock worth $366,555,000 after acquiring an additional 871,249 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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.