Lumentum (NASDAQ:LITE) Hits New 1-Year High After Analyst Upgrade

Lumentum Holdings Inc. (NASDAQ:LITE)’s stock price reached a new 52-week high during trading on Wednesday after Mizuho raised their price target on the stock to $645.00. Mizuho currently has an outperform rating on the stock. Lumentum traded as high as $616.52 and last traded at $600.42, with a volume of 5616126 shares changing hands. The stock had previously closed at $562.74.

LITE has been the subject of several other research reports. Susquehanna lifted their price target on Lumentum to $550.00 and gave the company a “positive” rating in a research note on Wednesday, February 4th. Bank of America raised their price objective on Lumentum to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Northland Securities set a $350.00 target price on Lumentum in a research note on Wednesday, December 3rd. Wall Street Zen lowered Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Barclays lifted their price target on shares of Lumentum to $475.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $447.38.

Insider Buying and Selling at Lumentum

In other news, Director Penny Herscher sold 4,849 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $535.48, for a total value of $2,596,542.52. Following the completion of the sale, the director directly owned 6,057 shares in the company, valued at $3,243,402.36. This represents a 44.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Yuen Wupen sold 3,157 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the transaction, the insider owned 88,439 shares in the company, valued at $47,580,182. The trade was a 3.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 60,473 shares of company stock worth $35,186,972. Corporate insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LITE. Federated Hermes Inc. increased its stake in shares of Lumentum by 7,168.8% during the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock worth $58,958,000 after buying an additional 357,367 shares during the period. FengHe Fund Management Pte. Ltd. acquired a new position in Lumentum during the 3rd quarter worth approximately $71,771,000. Pacer Advisors Inc. acquired a new position in Lumentum during the 3rd quarter worth approximately $1,512,000. Leeward Investments LLC MA increased its position in shares of Lumentum by 14.8% in the 2nd quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock valued at $49,092,000 after purchasing an additional 66,541 shares during the last quarter. Finally, Braun Stacey Associates Inc. acquired a new stake in shares of Lumentum in the 3rd quarter valued at $15,125,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Lumentum Price Performance

The firm has a market capitalization of $45.38 billion, a price-to-earnings ratio of 194.98 and a beta of 1.51. The stock’s fifty day moving average price is $412.23 and its two-hundred day moving average price is $267.39. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.41 by $0.26. The firm had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.Lumentum’s revenue for the quarter was up 65.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Equities research analysts expect that Lumentum Holdings Inc. will post 0.03 EPS 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.