Lumentum (NASDAQ:LITE) Stock Price Down 13.1% – What’s Next?

Lumentum Holdings Inc. (NASDAQ:LITE) dropped 13.1% on Thursday . The company traded as low as $234.00 and last traded at $233.6660. Approximately 6,472,973 shares changed hands during trading, an increase of 115% from the average daily volume of 3,009,497 shares. The stock had previously closed at $268.92.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Needham & Company LLC upped their price objective on shares of Lumentum from $180.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Morgan Stanley reissued a “cautious” rating and issued a $190.00 target price on shares of Lumentum in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lumentum in a research report on Wednesday. Rosenblatt Securities lifted their price objective on Lumentum to $280.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Stifel Nicolaus set a $220.00 target price on Lumentum in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $196.88.

Lumentum Price Performance

The firm has a market cap of $18.12 billion, a price-to-earnings ratio of 171.54 and a beta of 1.48. The company’s fifty day moving average is $189.56 and its 200 day moving average is $131.42. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.07. The company had revenue of $533.80 million during the quarter, compared to analysts’ expectations of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.Lumentum’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, equities research analysts predict that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Insider Transactions at Lumentum

In related news, Director Isaac Hosojiro Harris sold 7,200 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $243.32, for a total value of $1,751,904.00. Following the completion of the sale, the director directly owned 9,764 shares in the company, valued at approximately $2,375,776.48. This trade represents a 42.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Pamela Fletcher sold 3,421 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total value of $935,746.13. Following the transaction, the director directly owned 10,561 shares in the company, valued at approximately $2,888,750.33. This trade represents a 24.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 37,701 shares of company stock valued at $8,432,651. 0.43% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lumentum

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Lumentum by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock valued at $463,198,000 after purchasing an additional 47,811 shares during the last quarter. Leeward Investments LLC MA boosted its holdings in shares of Lumentum by 14.8% during the 2nd quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock valued at $49,092,000 after acquiring an additional 66,541 shares in the last quarter. FORA Capital LLC bought a new stake in Lumentum during the 1st quarter worth $642,000. Corton Capital Inc. acquired a new position in Lumentum in the 2nd quarter worth about $272,000. Finally, Quantitative Investment Management LLC acquired a new position in Lumentum in the 1st quarter worth about $1,424,000. Institutional investors own 94.05% of the company’s stock.

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.