Lumentum Holdings Inc. (NASDAQ:LITE) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Lumentum Holdings Inc. (NASDAQ:LITE) has received an average recommendation of "Moderate Buy" from 19 research firms, with a 12-month price target averaging $139.43.
• Insider trading activity includes a notable sale by Vincent Retort, who sold 22,719 shares valued at approximately $2.5 million, resulting in a 15.73% decrease in his ownership.
• The company reported $480.70 million in revenue for the last quarter, exceeding expectations and marking a year-over-year increase of 55.9%.

Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nineteen research firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $139.4286.

Several research analysts recently weighed in on LITE shares. UBS Group lifted their price target on Lumentum from $78.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Susquehanna lifted their price target on Lumentum to $125.00 and gave the company a "positive" rating in a research report on Tuesday, August 12th. Citigroup assumed coverage on Lumentum in a research report on Friday, August 29th. They issued a "buy" rating and a $165.00 price objective for the company. B. Riley boosted their price objective on Lumentum from $73.00 to $83.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Finally, KGI Securities assumed coverage on Lumentum in a research report on Monday, August 18th. They issued an "outperform" rating for the company.

Insiders Place Their Bets

In other news, insider Vincent Retort sold 22,719 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $110.00, for a total value of $2,499,090.00. Following the completion of the sale, the insider directly owned 121,747 shares in the company, valued at $13,392,170. The trade was a 15.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Julia Suzanne Johnson sold 1,250 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $119.06, for a total value of $148,825.00. Following the completion of the sale, the director owned 22,037 shares of the company's stock, valued at $2,623,725.22. This trade represents a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,158 shares of company stock valued at $4,706,087. 0.43% of the stock is owned by insiders.

Institutional Trading of Lumentum

A number of institutional investors and hedge funds have recently made changes to their positions in LITE. FNY Investment Advisers LLC purchased a new stake in shares of Lumentum during the second quarter worth approximately $38,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Lumentum during the first quarter worth approximately $25,000. MAI Capital Management increased 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 purchasing an additional 96 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Lumentum by 103.2% during the first quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company's stock worth $32,000 after purchasing an additional 260 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of Lumentum during the first quarter worth approximately $40,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Lumentum Stock Up 1.2%

Shares of LITE stock opened at $162.95 on Wednesday. The stock has a 50 day moving average of $149.16 and a 200 day moving average of $105.00. The company has a current ratio of 4.37, a quick ratio of 3.18 and a debt-to-equity ratio of 2.26. The stock has a market cap of $11.55 billion, a P/E ratio of 708.48 and a beta of 1.42. Lumentum has a twelve month low of $45.65 and a twelve month high of $178.49.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. The company had revenue of $480.70 million during the quarter, compared to analysts' expectations of $465.27 million. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.Lumentum's quarterly revenue was up 55.9% on a year-over-year basis. During the same period last year, the business earned $0.06 earnings per share. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. As a group, sell-side analysts expect that Lumentum will post 0.03 EPS for the current year.

Lumentum Company Profile

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.

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