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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Lumentum, with 13 buy ratings and seven holds among 20 brokerages. The average 12-month price target is $1,044.67, with recent targets ranging from $1,000 to $1,300.
• Lumentum exceeded quarterly expectations, reporting $3.23 in EPS versus the $2.97 consensus and $1.01 billion in revenue versus estimates of $987.7 million. Revenue rose 109.3% year over year, and the company issued first-quarter 2027 EPS guidance of $4.05–$4.35.
• Institutional investors own 94.05% of the company, while insiders sold 10,370 shares worth approximately $9.16 million during the last quarter. The stock opened at $968.90 and has traded between $111.20 and $1,085.68 over the past year.

Shares of Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty brokerages that are currently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a 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 $1,044.6667.

A number of research analysts have issued reports on LITE shares. Jefferies Financial Group restated a "buy" rating and issued a $1,200.00 price objective on shares of Lumentum in a research note on Wednesday, May 6th. BNP Paribas Exane lifted their target price on Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. Northland Securities boosted their price target on shares of Lumentum from $1,000.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Wednesday, June 3rd. Bank of America cut their price target on shares of Lumentum from $1,100.00 to $1,000.00 and set a "neutral" rating on the stock in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. increased their price target on shares of Lumentum from $1,165.00 to $1,280.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th.

Insider Transactions at Lumentum

In other news, Director Ian Small sold 4,954 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $868.07, for a total transaction of $4,300,418.78. Following the completion of the sale, the director owned 21,008 shares in the company, valued at $18,236,414.56. This trade represents a 19.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Isaac Hosojiro Harris sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $860.00, for a total transaction of $3,440,000.00. Following the sale, the director owned 8,400 shares of the company's stock, valued at approximately $7,224,000. The trade was a 32.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 10,370 shares of company stock worth $9,156,532. Corporate insiders own 0.43% of the company's stock.

Hedge Funds Weigh In On Lumentum

Several institutional investors have recently bought and sold shares of LITE. Advisors Asset Management Inc. grew its holdings in Lumentum by 36.8% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company's stock valued at $59,000 after purchasing an additional 254 shares during the period. NewEdge Advisors LLC increased its position in Lumentum by 109.9% in the first 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 raised its stake in shares of Lumentum by 9.1% in the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company's stock valued at $507,000 after buying an additional 680 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Lumentum in the second quarter valued at $298,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Lumentum in the second quarter valued at $1,712,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Lumentum Price Performance

Lumentum stock opened at $968.90 on Tuesday. Lumentum has a 52 week low of $111.20 and a 52 week high of $1,085.68. The company's 50 day moving average price is $810.55 and its two-hundred day moving average price is $779.66. The stock has a market cap of $75.38 billion, a P/E ratio of -11.79 and a beta of 1.50. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE - Get Free Report) last released its earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.26. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.Lumentum's quarterly revenue was up 109.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. On average, equities analysts predict that Lumentum will post 16.97 earnings per share for the current 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.

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