Lumentum (NASDAQ:LITE) Stock Price Down 4.9% – What’s Next?

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) dropped 4.9% during mid-day trading on Tuesday . The company traded as low as $310.35 and last traded at $302.3840. Approximately 1,121,521 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 3,071,653 shares. The stock had previously closed at $317.93.

Wall Street Analyst Weigh In

A number of research analysts have commented on LITE shares. Citigroup assumed coverage on shares of Lumentum in a research report on Friday, August 29th. They set a “buy” rating and a $165.00 price target on the stock. Mizuho lifted their price target on Lumentum to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. B. Riley boosted their price objective on shares of Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Rosenblatt Securities boosted their price objective on shares of Lumentum to $380.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Wall Street Zen downgraded Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $215.00.

Lumentum Trading Up 8.2%

The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37. The company has a 50 day simple moving average of $215.57 and a two-hundred day simple moving average of $146.30. The firm has a market cap of $23.24 billion, a PE ratio of 220.04 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $525.10 million. During the same period in the previous year, the business posted $0.18 EPS. 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. Analysts expect that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Pamela Fletcher sold 3,421 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total transaction of $935,746.13. Following the transaction, the director owned 10,561 shares of the company’s stock, valued at approximately $2,888,750.33. This represents a 24.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yuen Wupen sold 822 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $258.96, for a total value of $212,865.12. Following the sale, the insider owned 95,077 shares in the company, valued at approximately $24,621,139.92. This trade represents a 0.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 28,612 shares of company stock valued at $7,317,398. Insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

A number of institutional investors have recently added to or reduced their stakes in LITE. EverSource Wealth Advisors LLC lifted its holdings in Lumentum by 363.9% in 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 in the last quarter. Danske Bank A S acquired a new stake in Lumentum during the third quarter worth about $33,000. FNY Investment Advisers LLC acquired a new position in Lumentum during the 2nd quarter valued at approximately $38,000. SVB Wealth LLC acquired a new stake in shares of Lumentum in the 1st quarter worth about $40,000. Finally, MAI Capital Management boosted its position in shares of Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after buying an additional 96 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

About Lumentum

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.