Lumentum Holdings Inc. (NASDAQ:LITE) Given Consensus Rating of “Moderate Buy” by Analysts

Lumentum Holdings Inc. (NASDAQ:LITE) has been assigned a consensus recommendation of “Moderate Buy” from the twenty analysts that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $288.0625.

LITE has been the subject of a number of research reports. B. Riley upped their price objective on Lumentum from $83.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. upped their target price on Lumentum from $145.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Susquehanna lifted their price target on shares of Lumentum from $230.00 to $420.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Needham & Company LLC upped their price objective on shares of Lumentum to $290.00 and gave the company a “buy” rating in a research note on Monday, November 24th. Finally, Citigroup increased their target price on shares of Lumentum from $240.00 to $450.00 and gave the company a “buy” rating in a report on Friday, January 23rd.

Lumentum Trading Up 2.8%

Shares of LITE opened at $435.10 on Friday. Lumentum has a 1-year low of $45.65 and a 1-year high of $464.00. The company has a market capitalization of $30.85 billion, a P/E ratio of 292.02 and a beta of 1.51. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The firm’s 50 day simple moving average is $356.09 and its 200 day simple moving average is $230.90.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. The business had revenue of $665.50 million during the quarter, compared to analysts’ expectations of $646.74 million. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The business’s quarterly revenue was up 65.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Sell-side analysts forecast that Lumentum will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lumentum news, insider Yuen Wupen sold 822 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $258.96, for a total value of $212,865.12. Following the completion of the sale, the insider owned 95,077 shares in the company, valued at approximately $24,621,139.92. The trade was a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pamela Fletcher sold 3,421 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total transaction of $935,746.13. Following the completion of the transaction, the director owned 10,561 shares in the company, valued at $2,888,750.33. This represents a 24.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,612 shares of company stock worth $7,317,398 in the last 90 days. 0.43% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lumentum

A number of hedge funds have recently modified their holdings of LITE. EverSource Wealth Advisors LLC increased its holdings in Lumentum by 363.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after purchasing an additional 131 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Lumentum in the 4th quarter worth approximately $28,000. Danske Bank A S purchased a new position in shares of Lumentum during the third quarter valued at approximately $33,000. Chesapeake Asset Management LLC bought a new position in shares of Lumentum during the fourth quarter valued at approximately $37,000. Finally, BOCHK Asset Management Ltd bought a new position in shares of Lumentum during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q2 results beat expectations — Lumentum reported $1.67 EPS vs. Zacks/consensus ~ $1.40–$1.41 and revenue of $665.5M (up ~65.5% YoY), signalling solid top-line and profit recovery. Read More.
• Positive Sentiment: Very strong forward guidance — Lumentum raised Q3 FY2026 guidance to $2.15–$2.35 EPS and revenue $780M–$830M, well above sell-side consensus, which is the primary driver of the rally (big beat on both EPS and revenue outlook). Read More.
• Positive Sentiment: Margin expansion and CEO commentary — Management highlighted >1,700 bps non‑GAAP operating margin improvement and said revenue hit the high end of guidance, supporting sustainability of the profit improvement. Read More.
• Positive Sentiment: Analyst / market momentum — Pre-earnings price-target upgrades and coverage notes amplified buying into the print, contributing to the multi-day rally. Read More. and Read More.
• Neutral Sentiment: Investor materials available — Conference call, slide deck and replay were posted for deeper review; useful for confirming forward assumptions and product/program cadence. Read More. • Read More.
• Negative Sentiment: Valuation and leverage remain watch points — Lumentum’s trailing P/E is elevated and the company carries leverage (debt-to-equity ~2.8), which could amplify downside if growth slows or guidance slips. Read More.

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.