Lumentum (NASDAQ:LITE) Trading Down 11.4% – What’s Next?

Lumentum Holdings Inc. (NASDAQ:LITE)’s share price traded down 11.4% during trading on Thursday . The company traded as low as $687.58 and last traded at $688.80. 6,180,376 shares were traded during mid-day trading, an increase of 4% from the average session volume of 5,958,183 shares. The stock had previously closed at $777.17.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LITE. UBS Group upped their price target on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. B. Riley Financial raised shares of Lumentum from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $147.00 to $526.00 in a report on Wednesday, February 4th. Rosenblatt Securities restated a “buy” rating and set a $900.00 target price on shares of Lumentum in a research report on Wednesday, March 18th. Susquehanna increased their target price on shares of Lumentum to $550.00 and gave the company a “positive” rating in a report on Wednesday, February 4th. Finally, Citigroup boosted their price target on Lumentum to $560.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $575.06.

Lumentum Trading Down 11.4%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The business has a fifty day simple moving average of $567.66 and a 200 day simple moving average of $363.11. The stock has a market cap of $49.18 billion, a price-to-earnings ratio of 211.29 and a beta of 1.38.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The company had revenue of $665.50 million during the quarter, compared to analysts’ expectations of $646.74 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The business’s revenue for the quarter was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities analysts anticipate that Lumentum Holdings Inc. will post 0.03 EPS for the current year.

Insider Activity

In other news, insider Vincent Retort sold 45,026 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $591.32, for a total value of $26,624,774.32. Following the completion of the transaction, the insider owned 102,455 shares of the company’s stock, valued at $60,583,690.60. The trade was a 30.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Penny Herscher sold 4,849 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $535.48, for a total transaction of $2,596,542.52. Following the sale, the director owned 6,057 shares in the company, valued at approximately $3,243,402.36. This trade represents a 44.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 65,775 shares of company stock worth $38,851,343. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

Hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC increased its stake in Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after purchasing an additional 57 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Lumentum in the 4th quarter valued at about $28,000. Triumph Capital Management purchased a new stake in Lumentum in the 4th quarter valued at about $30,000. Harbour Investments Inc. increased its stake in shares of Lumentum by 675.0% during the 4th quarter. Harbour Investments Inc. now owns 93 shares of the technology company’s stock valued at $34,000 after acquiring an additional 81 shares during the last quarter. Finally, Chesapeake Asset Management LLC purchased a new position in shares of Lumentum during the 4th quarter worth about $37,000. 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.