Lumentum (NASDAQ:LITE) Shares Up 7.2% – Here’s Why

Lumentum Holdings Inc. (NASDAQ:LITE)’s stock price rose 7.2% during mid-day trading on Tuesday . The company traded as high as $341.62 and last traded at $347.52. Approximately 1,170,073 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 4,307,688 shares. The stock had previously closed at $324.25.

Analysts Set New Price Targets

LITE has been the subject of several research reports. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Raymond James Financial cut Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective on the stock. in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 29th. Barclays boosted their price objective on Lumentum from $181.00 to $365.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Finally, B. Riley raised their price target on Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $267.38.

Lumentum Trading Down 2.2%

The stock has a market capitalization of $25.13 billion, a P/E ratio of 237.91 and a beta of 1.51. The stock has a 50-day moving average price of $336.31 and a two-hundred day moving average price of $213.07. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data 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 business had revenue of $533.80 million during the quarter, compared to analyst estimates of $525.10 million. During the same period in the prior year, the business earned $0.18 EPS. The company’s revenue for the quarter was up 58.4% on a year-over-year basis. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, research analysts forecast that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Jae Kim sold 1,367 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $234.14, for a total value of $320,069.38. Following the sale, the senior vice president directly owned 38,570 shares of the company’s stock, valued at $9,030,779.80. This represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $243.32, for a total transaction of $1,751,904.00. Following the completion of the transaction, the director owned 9,764 shares of the company’s stock, valued at approximately $2,375,776.48. The trade was a 42.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,612 shares of company stock worth $7,317,398 over the last quarter. Company insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Lumentum

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BOCHK Asset Management Ltd bought a new stake in shares of Lumentum in the 4th quarter worth approximately $37,000. Trilogy Capital Inc. purchased a new stake in shares of Lumentum in the fourth quarter worth $240,000. V Square Quantitative Management LLC bought a new position in shares of Lumentum during the fourth quarter valued at $28,000. Jackson Square Capital LLC raised its position in shares of Lumentum by 61.0% in the 4th quarter. Jackson Square Capital LLC now owns 37,150 shares of the technology company’s stock worth $13,693,000 after purchasing an additional 14,075 shares during the last quarter. Finally, Pacific Point Advisors LLC purchased a new position in shares of Lumentum in the 4th quarter worth about $663,000. 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.