Lumentum (NASDAQ:LITE) Trading Up 9.4% – What’s Next?

Lumentum Holdings Inc. (NASDAQ:LITE) rose 9.4% on Monday . The company traded as high as $628.70 and last traded at $610.89. Approximately 3,619,385 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 5,324,905 shares. The stock had previously closed at $558.44.

Analyst Ratings Changes

LITE has been the topic of a number of research reports. Susquehanna raised their target price on shares of Lumentum to $550.00 and gave the stock a “positive” rating in a research report on Wednesday, February 4th. Stifel Nicolaus raised their price objective on shares of Lumentum to $800.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $147.00 to $526.00 in a research note on Wednesday, February 4th. Needham & Company LLC increased their target price on shares of Lumentum to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, Morgan Stanley boosted their price target on Lumentum to $520.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $542.07.

Lumentum Price Performance

The stock has a fifty day moving average of $494.27 and a two-hundred day moving average of $321.03. The stock has a market cap of $47.98 billion, a price-to-earnings ratio of 206.13 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 released its earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $646.74 million. During the same quarter last year, the company earned $0.42 earnings per share. Lumentum’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. On average, equities research analysts anticipate that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Insider Activity at Lumentum

In related news, CFO Wajid Ali sold 5,302 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were 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 of the company’s stock, valued at approximately $45,812,934.31. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Yuen Wupen sold 3,157 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the transaction, the insider owned 88,439 shares in the company, valued at $47,580,182. The trade was a 3.45% 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 in the last ninety days. Corporate insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Lumentum

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in Lumentum by 36.8% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after purchasing an additional 254 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Lumentum by 109.9% during the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after buying an additional 6,275 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Lumentum by 9.1% in the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after buying an additional 680 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Lumentum by 16.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 14,926 shares of the technology company’s stock valued at $1,419,000 after acquiring an additional 2,089 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Lumentum during the second quarter worth about $558,000. 94.05% of the stock is owned by institutional investors and hedge funds.

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.