Lumentum (NASDAQ:LITE) Stock Price Down 6.6% – What’s Next?

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) were down 6.6% on Monday . The stock traded as low as $767.01 and last traded at $772.28. Approximately 5,753,737 shares changed hands during trading, a decline of 4% from the average daily volume of 6,017,824 shares. The stock had previously closed at $826.88.

Analyst Ratings Changes

Several research firms recently issued reports on LITE. Needham & Company LLC raised their price objective on shares of Lumentum to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. UBS Group upped their price objective on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their target price on Lumentum to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Barclays upped their price target on Lumentum to $750.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Finally, Citigroup boosted their price objective on shares of Lumentum to $560.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and an average target price of $575.06.

Lumentum Stock Performance

The firm has a 50-day moving average price of $622.91 and a 200 day moving average price of $392.93. The firm has a market capitalization of $55.14 billion, a PE ratio of 236.90 and a beta of 1.38. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.26. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The firm had revenue of $665.50 million for the quarter, compared to the consensus estimate of $646.74 million. During the same quarter in the previous year, the business earned $0.42 EPS. The company’s quarterly revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Research analysts expect that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Insider Buying and Selling at Lumentum

In related news, Director Penny Herscher sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $597.29, for a total transaction of $2,389,160.00. Following the sale, the director directly owned 2,057 shares of the company’s stock, valued at $1,228,625.53. This represents a 66.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Wajid Ali sold 5,302 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the sale, the chief financial officer owned 66,287 shares in the company, valued at approximately $45,812,934.31. This trade represents a 7.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,775 shares of company stock worth $38,851,343 over the last ninety days. Company insiders own 0.43% of the company’s stock.

Institutional Trading of Lumentum

A number of large investors have recently modified their holdings of the stock. Federated Hermes Inc. raised its holdings in Lumentum by 7,168.8% in the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock valued at $58,958,000 after acquiring an additional 357,367 shares in the last quarter. FengHe Fund Management Pte. Ltd. acquired a new position in Lumentum during the 3rd quarter worth approximately $71,771,000. Pacer Advisors Inc. purchased a new stake in shares of Lumentum in the 3rd quarter valued at approximately $1,512,000. Headwater Capital Co Ltd purchased a new stake in shares of Lumentum in the 3rd quarter valued at approximately $20,339,000. Finally, China Universal Asset Management Co. Ltd. acquired a new stake in shares of Lumentum in the 3rd quarter valued at $1,383,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

About Lumentum

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.