Key Points
- Penny Herscher, a Lumentum director, sold 4,849 shares on Feb. 6 at an average of $535.48 for proceeds of about $2.60 million, reducing her stake by 44.46% to 6,057 shares; the sale was disclosed in an SEC filing.
- Lumentum reported a strong quarter—EPS $1.67 vs. $1.41 expected and revenue $665.5M (up 65.5% YoY)—and set Q3 2026 guidance of 2.150–2.350 EPS.
- The stock is trading near its recent highs (opened $561.13; 52-week high $599.50) with a market cap of about $40.06B, and analysts hold a consensus "Moderate Buy" rating with an average target of $444.94 and higher price targets from Citi and Mizuho.
Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) Director Penny Herscher sold 4,849 shares of Lumentum stock in a transaction dated Friday, February 6th. The shares were 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 of the company's stock, valued at approximately $3,243,402.36. This represents a 44.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Lumentum Price Performance
Lumentum stock opened at $561.13 on Wednesday. The company's 50 day simple moving average is $378.03 and its 200-day simple moving average is $246.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. Lumentum Holdings Inc. has a 1 year low of $45.65 and a 1 year high of $599.50. The company has a market capitalization of $40.06 billion, a price-to-earnings ratio of 172.13 and a beta of 1.51.
Lumentum (NASDAQ:LITE - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.26. The firm had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm's revenue for the quarter was up 65.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, equities research 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 have recently modified their holdings of LITE. EverSource Wealth Advisors LLC grew its position in Lumentum by 363.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company's stock worth $27,000 after purchasing an additional 131 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Lumentum in the 4th quarter valued at about $28,000. Danske Bank A S acquired a new position in Lumentum during the third quarter worth about $33,000. Harbour Investments Inc. grew its holdings in shares of Lumentum by 675.0% in the 4th quarter. Harbour Investments Inc. now owns 93 shares of the technology company's stock worth $34,000 after acquiring an additional 81 shares during the period. Finally, Chesapeake Asset Management LLC purchased a new position in shares of Lumentum in the fourth quarter valued at $37,000. 94.05% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
LITE has been the topic of several research reports. Mizuho increased their target price on Lumentum to $525.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Citigroup increased their price target on shares of Lumentum to $560.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Zacks Research raised shares of Lumentum from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 2nd. Raymond James Financial cut Lumentum from a "strong-buy" rating to an "outperform" rating and set a $220.00 target price for the company. in a research note on Friday, October 31st. Finally, Wall Street Zen cut shares of Lumentum from a "buy" rating to a "hold" rating in a report on Saturday, November 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Lumentum presently has a consensus rating of "Moderate Buy" and an average target price of $444.94.
Get Our Latest Stock Analysis on Lumentum
Lumentum Company Profile
(
Get Free Report)
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.
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