Brokerages Set Lumentum Holdings Inc. (NASDAQ:LITE) Target Price at $458.00

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) have been given a consensus rating of “Moderate Buy” by the nineteen research firms that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $458.00.

A number of brokerages have weighed in on LITE. Bank of America upped their price target on Lumentum to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. UBS Group boosted their target price on shares of Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Stifel Nicolaus upped their target price on shares of Lumentum to $480.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Northland Securities set a $350.00 price target on shares of Lumentum in a report on Wednesday, December 3rd. Finally, Wolfe Research restated an “outperform” rating and issued a $240.00 price target on shares of Lumentum in a research report on Wednesday, November 5th.

Insider Activity

In other news, insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $591.32, for a total value of $26,624,774.32. Following the transaction, the insider directly owned 102,455 shares of the company’s stock, valued at $60,583,690.60. The trade was a 30.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yuen Wupen sold 3,157 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total value of $1,698,466.00. Following the sale, the insider owned 88,439 shares in the company, valued at approximately $47,580,182. This trade represents a 3.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 60,473 shares of company stock worth $35,186,972. Insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its position in Lumentum by 363.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Lumentum in the fourth quarter worth about $28,000. Truvestments Capital LLC raised its stake in shares of Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after acquiring an additional 57 shares during the last quarter. Triumph Capital Management acquired a new position in shares of Lumentum during the fourth quarter worth approximately $30,000. Finally, Danske Bank A S bought a new stake in shares of Lumentum during the third quarter valued at approximately $33,000. 94.05% of the stock is owned by institutional investors.

Lumentum Stock Performance

NASDAQ:LITE opened at $677.00 on Tuesday. The firm has a market capitalization of $48.34 billion, a PE ratio of 207.67 and a beta of 1.51. 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 has a 12-month low of $45.65 and a 12-month high of $765.00. The firm has a 50-day moving average price of $448.20 and a 200 day moving average price of $287.36.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share 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 company had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. During the same period in the prior year, the company posted $0.42 EPS. The company’s 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 anticipate that Lumentum will post 0.03 earnings per share for the current fiscal year.

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.