Lumentum Holdings Inc. (NASDAQ:LITE - Free Report) - Equities researchers at Northland Capmk issued their Q1 2026 earnings per share (EPS) estimates for Lumentum in a research note issued to investors on Wednesday, May 7th. Northland Capmk analyst T. Savageaux forecasts that the technology company will earn $0.21 per share for the quarter. Northland Capmk has a "Strong-Buy" rating on the stock. The consensus estimate for Lumentum's current full-year earnings is $0.03 per share. Northland Capmk also issued estimates for Lumentum's Q2 2026 earnings at $0.31 EPS, Q3 2026 earnings at $0.39 EPS and Q4 2026 earnings at $0.46 EPS.
A number of other equities research analysts have also recently weighed in on the stock. Needham & Company LLC reduced their price target on shares of Lumentum from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Stifel Nicolaus lifted their target price on Lumentum from $95.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Morgan Stanley decreased their target price on Lumentum from $83.00 to $81.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on Lumentum from $105.00 to $73.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Northland Securities set a $80.00 price objective on Lumentum in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lumentum currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.20.
Check Out Our Latest Analysis on LITE
Lumentum Stock Up 3.9%
Shares of NASDAQ:LITE traded up $2.78 during trading on Monday, hitting $74.51. 2,887,334 shares of the company were exchanged, compared to its average volume of 1,953,363. The firm's 50 day moving average price is $60.57 and its 200-day moving average price is $74.79. Lumentum has a 12-month low of $38.29 and a 12-month high of $104.00. The company has a debt-to-equity ratio of 2.94, a current ratio of 4.76 and a quick ratio of 3.60. The stock has a market capitalization of $5.17 billion, a P/E ratio of -9.69 and a beta of 1.18.
Lumentum (NASDAQ:LITE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. The firm had revenue of $425.20 million during the quarter, compared to analysts' expectations of $418.18 million. Lumentum had a negative return on equity of 7.25% and a negative net margin of 36.98%. The firm's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 earnings per share.
Insider Activity at Lumentum
In related news, CFO Wajid Ali sold 2,172 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $78.34, for a total value of $170,154.48. Following the sale, the chief financial officer now owns 51,976 shares of the company's stock, valued at approximately $4,071,799.84. This represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.19% of the company's stock.
Institutional Trading of Lumentum
Hedge funds have recently bought and sold shares of the company. Friedenthal Financial acquired a new position in Lumentum during the fourth quarter worth approximately $773,000. Assenagon Asset Management S.A. purchased a new stake in Lumentum during the 4th quarter worth $2,723,000. Hanseatic Management Services Inc. purchased a new stake in shares of Lumentum during the fourth quarter worth about $1,165,000. UMB Bank n.a. raised its position in shares of Lumentum by 301.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the technology company's stock valued at $28,000 after purchasing an additional 253 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in Lumentum by 4.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,350 shares of the technology company's stock valued at $365,000 after acquiring an additional 168 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.
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.
Further Reading
Before you consider Lumentum, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lumentum wasn't on the list.
While Lumentum currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
