Lumentum Holdings Inc. (NASDAQ:LITE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) have been given an average rating of “Moderate Buy” by the twenty-one brokerages that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $1,021.9524.

Several research analysts have recently weighed in on LITE shares. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Craig Hallum boosted their price objective on shares of Lumentum from $900.00 to $1,150.00 in a research note on Wednesday, May 6th. Rosenblatt Securities boosted their price objective on shares of Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Citic Securities boosted their price objective on shares of Lumentum from $620.00 to $1,186.00 in a research note on Monday, May 11th. Finally, Morgan Stanley boosted their price objective on shares of Lumentum from $710.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Optical-networking stocks, including Lumentum, are rallying as the AI infrastructure trade strengthens again, lifting sentiment across the group. Applied Optoelectronics Jumps 7%, Lumentum Climbs 5%, Coherent Rises 2% as Optics Stocks Ride the AI Boom
• Positive Sentiment: Seeking Alpha published a bullish take on Lumentum, arguing the company remains a key beneficiary of data-center and photonics expansion, with revenue growth still looking strong despite a recent miss. Lumentum: Hard To Step In Front Of This Train
• Positive Sentiment: Analysts remain constructive: Needham reaffirmed a buy rating with a $1,040 target, and Northland reportedly raised its target to $1,200, reinforcing expectations for more upside. Benzinga report on Needham rating
• Positive Sentiment: Market commentary and recent conference coverage suggest growing investor interest in Lumentum’s AI optical-demand story and hyperscaler spending trends. Lumentum Stock Draws Attention as AI Optical Demand Expands
• Neutral Sentiment: A report on Lumentum’s short interest showed essentially no meaningful short position data, so it does not appear to be a major trading driver.

Lumentum Stock Up 3.8%

Lumentum stock opened at $853.26 on Thursday. The firm has a market capitalization of $66.38 billion, a PE ratio of 158.01 and a beta of 1.47. The company’s 50-day moving average is $890.77 and its 200-day moving average is $623.20. Lumentum has a fifty-two week low of $81.04 and a fifty-two week high of $1,085.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 0.97.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.10. The company had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. Lumentum’s revenue for the quarter was up 90.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Sell-side analysts anticipate that Lumentum will post 6.49 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Brian Lillie sold 11,951 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $981.64, for a total value of $11,731,579.64. Following the transaction, the director owned 13,959 shares in the company, valued at approximately $13,702,712.76. This represents a 46.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vincent Retort sold 3,183 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $953.95, for a total transaction of $3,036,422.85. Following the completion of the transaction, the insider owned 89,563 shares in the company, valued at approximately $85,438,623.85. This trade represents a 3.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 41,260 shares of company stock worth $38,859,220 in the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Lumentum by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock valued at $1,217,930,000 after buying an additional 41,975 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Lumentum by 18.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock valued at $683,661,000 after buying an additional 291,591 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Lumentum by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock valued at $521,563,000 after purchasing an additional 123,265 shares during the period. Situational Awareness LP boosted its holdings in Lumentum by 210.9% in the 4th quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after purchasing an additional 880,800 shares during the period. Finally, Norges Bank bought a new stake in Lumentum in the 4th quarter valued at about $474,495,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

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.