Julia Suzanne Johnson Sells 1,250 Shares of Lumentum (NASDAQ:LITE) Stock

Lumentum Holdings Inc. (NASDAQ:LITE) Director Julia Suzanne Johnson sold 1,250 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $119.06, for a total transaction of $148,825.00. Following the completion of the sale, the director directly owned 22,037 shares in the company, valued at $2,623,725.22. This represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Lumentum Stock Up 1.3%

Lumentum stock opened at $117.43 on Friday. The company has a 50-day simple moving average of $101.36 and a 200-day simple moving average of $79.80. The firm has a market capitalization of $8.21 billion, a P/E ratio of 510.57 and a beta of 1.33. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.18 and a current ratio of 4.37. Lumentum Holdings Inc. has a one year low of $45.65 and a one year high of $129.98.

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

Hedge Funds Weigh In On Lumentum

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Lumentum by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock valued at $463,198,000 after buying an additional 47,811 shares in the last quarter. PointState Capital LP acquired a new stake in Lumentum in the 1st quarter valued at about $213,503,000. Hood River Capital Management LLC lifted its holdings in Lumentum by 82.1% in the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after acquiring an additional 994,551 shares during the last quarter. Atreides Management LP lifted its holdings in Lumentum by 6.8% in the 1st quarter. Atreides Management LP now owns 1,875,257 shares of the technology company’s stock valued at $116,904,000 after acquiring an additional 119,938 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Lumentum by 1.1% in the 1st quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company’s stock valued at $107,913,000 after acquiring an additional 19,085 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LITE. Barclays upped their price target on shares of Lumentum from $75.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Morgan Stanley upped 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. Bank of America upgraded shares of Lumentum from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $78.00 to $135.00 in a research report on Wednesday, August 13th. Rosenblatt Securities restated a “buy” rating and set a $150.00 price target on shares of Lumentum in a research report on Thursday, August 14th. Finally, Stifel Nicolaus increased their target price on shares of Lumentum from $100.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.85.

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.