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Lumentum (NASDAQ:LITE) Releases Earnings Results, Beats Expectations By $0.09 EPS

Lumentum logo with Computer and Technology background

Key Points

  • Lumentum reported earnings of $0.32 per share for the quarter, missing analysts' estimates of $0.79 by $0.47.
  • Despite the earnings miss, Lumentum's shares rose by 4.0%, closing at $119.66, with a significant trading volume of 5.8 million shares.
  • Insider transactions indicate concern as a significant number of shares were sold by company executives in the past ninety days, totaling $8 million.
  • Want stock alerts on Lumentum? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Lumentum (NASDAQ:LITE - Get Free Report) posted its quarterly earnings results on Tuesday. The technology company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.09, Briefing.com reports. Lumentum had a negative return on equity of 8.69% and a negative net margin of 29.87%. The firm had revenue of $480.70 million for the quarter, compared to the consensus estimate of $465.27 million. During the same period in the previous year, the business earned $0.06 earnings per share. The company's revenue for the quarter was up 55.9% compared to the same quarter last year. Lumentum updated its Q1 2026 guidance to 0.950-1.100 EPS.

Lumentum Stock Performance

NASDAQ LITE opened at $119.66 on Wednesday. Lumentum has a fifty-two week low of $44.77 and a fifty-two week high of $120.30. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of -18.55 and a beta of 1.33. The business has a fifty day moving average of $96.45 and a 200-day moving average of $78.01. The company has a quick ratio of 3.53, a current ratio of 4.72 and a debt-to-equity ratio of 2.91.

Insider Buying and Selling

In other news, insider Vincent Retort sold 22,719 shares of the business's stock in a transaction 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 transaction, the insider directly owned 121,747 shares of the company's stock, valued at $13,392,170. The trade was a 15.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jae Kim sold 4,577 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $77.98, for a total value of $356,914.46. Following the completion of the transaction, the senior vice president directly owned 31,534 shares of the company's stock, valued at approximately $2,459,021.32. This trade represents a 12.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,583 shares of company stock valued at $8,002,956. Company insiders own 0.19% of the company's stock.

Hedge Funds Weigh In On Lumentum

A number of institutional investors have recently made changes to their positions in LITE. Advisors Asset Management Inc. raised its holdings in shares of Lumentum by 36.8% in the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company's stock worth $59,000 after acquiring an additional 254 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Lumentum by 109.9% in the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company's stock valued at $747,000 after purchasing an additional 6,275 shares during the period. Finally, Empowered Funds LLC grew its position 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 purchasing an additional 680 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LITE. Needham & Company LLC lifted their price target on Lumentum from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Northland Securities set a $80.00 price target on Lumentum in a research note on Wednesday, May 7th. UBS Group decreased their price target on Lumentum from $96.00 to $78.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price target on Lumentum from $100.00 to $123.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Stifel Nicolaus lifted their price target on Lumentum from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Lumentum currently has an average rating of "Moderate Buy" and an average target price of $88.20.

Check Out Our Latest Stock Report on LITE

About Lumentum

(Get Free Report)

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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