Lumentum (NASDAQ:LITE) Shares Up 7.2% – What’s Next?

Lumentum Holdings Inc. (NASDAQ:LITE) shares 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 trading, a decline of 73% from the average daily volume of 4,307,688 shares. The stock had previously closed at $324.25.

Analyst Upgrades and Downgrades

LITE has been the topic of a number of recent research reports. Northland Securities set a $350.00 price target on shares of Lumentum in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. raised their price objective on shares of Lumentum from $145.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Rosenblatt Securities lifted their target price on shares of Lumentum to $380.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Susquehanna increased their price target on shares of Lumentum from $140.00 to $190.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Finally, Barclays raised their price target on shares of Lumentum from $181.00 to $365.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $241.75.

Lumentum Stock Up 9.2%

The stock has a market capitalization of $25.10 billion, a P/E ratio of 237.63 and a beta of 1.51. 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 firm’s fifty day moving average is $329.50 and its 200-day moving average is $209.16.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.07. The company had revenue of $533.80 million during the quarter, compared to analyst estimates of $525.10 million. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The company’s revenue was up 58.4% on a year-over-year basis. During the same quarter last year, the business posted $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. As a group, equities research analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Insider Transactions at Lumentum

In related news, Director Pamela Fletcher sold 3,421 shares of Lumentum stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total value of $935,746.13. Following the completion of the transaction, the director directly owned 10,561 shares of the company’s stock, valued at $2,888,750.33. The trade was a 24.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Matthew Joseph Sepe sold 4,232 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $239.63, for a total transaction of $1,014,114.16. Following the sale, the chief accounting officer directly owned 43,544 shares in the company, valued at approximately $10,434,448.72. This represents a 8.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 28,612 shares of company stock worth $7,317,398. 0.43% of the stock is owned by company insiders.

Institutional Trading of Lumentum

Several hedge funds have recently modified their holdings of LITE. FengHe Fund Management Pte. Ltd. bought a new stake in Lumentum in the 3rd quarter valued at $71,771,000. Pacer Advisors Inc. acquired a new stake in shares of Lumentum in the 3rd quarter valued at about $1,512,000. Leeward Investments LLC MA raised its stake in shares of Lumentum by 14.8% in the 2nd quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock valued at $49,092,000 after purchasing an additional 66,541 shares during the period. Braun Stacey Associates Inc. bought a new stake in shares of Lumentum in the third quarter valued at about $15,125,000. Finally, Global Trust Asset Management LLC acquired a new position in shares of Lumentum during the third quarter worth about $1,942,000. 94.05% of the stock is owned by institutional investors.

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.