Brokerages Set Lumentum Holdings Inc. (NASDAQ:LITE) PT at $190.67

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) have earned an average rating of “Moderate Buy” from the twenty-one research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $196.8750.

Several analysts have recently weighed in on the company. UBS Group boosted their target price on Lumentum from $78.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Needham & Company LLC lifted their price target on Lumentum from $180.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. increased their price objective on Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Bank of America upgraded shares of Lumentum from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $78.00 to $135.00 in a research report on Wednesday, August 13th. Finally, Rosenblatt Securities upped their price target on shares of Lumentum to $280.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th.

Lumentum Stock Up 2.2%

Shares of NASDAQ:LITE opened at $247.43 on Friday. The firm has a 50 day simple moving average of $184.26 and a 200-day simple moving average of $128.38. Lumentum has a twelve month low of $45.65 and a twelve month high of $273.89. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77. The company has a market capitalization of $17.54 billion, a PE ratio of 166.06 and a beta of 1.48.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.03 by $0.07. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The firm had revenue of $533.80 million for the quarter, compared to analyst estimates of $525.10 million. During the same period last year, the business earned $0.18 EPS. Lumentum’s revenue for the quarter was up 58.4% compared to the same quarter last year. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, equities analysts predict that Lumentum will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Isaac Hosojiro Harris sold 7,200 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $243.32, for a total value of $1,751,904.00. Following the completion of the sale, the director directly owned 9,764 shares of the company’s stock, valued at approximately $2,375,776.48. This represents a 42.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yuen Wupen sold 3,282 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $119.25, for a total value of $391,378.50. Following the transaction, the insider directly owned 104,554 shares in the company, valued at approximately $12,468,064.50. This represents a 3.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 37,965 shares of company stock valued at $7,810,818 in the last quarter. Corporate insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LITE. PointState Capital LP purchased a new position in Lumentum in the 1st quarter valued at $213,503,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lumentum by 8,579.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after acquiring an additional 1,545,199 shares during the period. Hood River Capital Management LLC lifted its stake in shares of Lumentum by 82.1% in 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 acquiring an additional 994,551 shares during the period. Analog Century Management LP purchased a new stake in shares of Lumentum in the first quarter valued at about $60,348,000. Finally, Norges Bank acquired a new position in shares of Lumentum during the second quarter worth about $82,983,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.