Lumentum Holdings Inc. (NASDAQ:LITE) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Lumentum Holdings Inc. has received a consensus rating of "Moderate Buy" from analysts, with a 1-year price objective averaging $133.36.
• Recent analyst upgrades include JPMorgan Chase raising its price target to $145.00 and Citigroup setting a target of $165.00.
• Insider trading saw significant activity, with the CFO and another insider selling shares, indicating a 3% decrease in their ownership positions.

Shares of Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eighteen research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $133.3571.

Several research analysts recently commented on LITE shares. JPMorgan Chase & Co. increased their price objective on Lumentum from $123.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. B. Riley increased their target price on shares of Lumentum from $73.00 to $83.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Morgan Stanley boosted their price target on shares of Lumentum from $92.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 13th. Stifel Nicolaus increased their price objective on shares of Lumentum from $100.00 to $132.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Citigroup assumed coverage on Lumentum in a report on Friday, August 29th. They set a "buy" rating and a $165.00 target price on the stock.

Insider Activity at Lumentum

In other Lumentum news, CFO Wajid Ali sold 2,526 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $124.39, for a total value of $314,209.14. Following the completion of the sale, the chief financial officer directly owned 77,087 shares in the company, valued at $9,588,851.93. This represents a 3.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yuen Wupen sold 3,282 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $119.25, for a total value of $391,378.50. Following the completion of the sale, the insider directly owned 104,554 shares of the company's stock, valued at $12,468,064.50. This trade represents a 3.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,687 shares of company stock valued at $4,759,552 in the last three months. Company insiders own 0.19% of the company's stock.

Hedge Funds Weigh In On Lumentum

A number of institutional investors have recently bought and sold shares of LITE. FNY Investment Advisers LLC purchased a new stake in shares of Lumentum in the 2nd quarter valued at approximately $38,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Lumentum in the first quarter worth approximately $25,000. MAI Capital Management increased its stake in 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 acquiring an additional 96 shares during the last quarter. Rakuten Securities Inc. increased its stake in Lumentum by 164.4% during the first quarter. Rakuten Securities Inc. now owns 476 shares of the technology company's stock worth $30,000 after acquiring an additional 296 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its position in Lumentum by 103.2% in the first quarter. Golden State Wealth Management LLC now owns 512 shares of the technology company's stock valued at $32,000 after purchasing an additional 260 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum Stock Up 1.0%

LITE opened at $160.75 on Friday. The company has a market cap of $11.24 billion, a PE ratio of 698.91 and a beta of 1.42. Lumentum has a twelve month low of $45.65 and a twelve month high of $173.38. The company has a 50-day moving average price of $131.19 and a 200 day moving average price of $93.32. The company has a quick ratio of 3.18, a current ratio of 4.37 and a debt-to-equity ratio of 2.26.

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

About Lumentum

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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