Lumentum Holdings Inc. (NASDAQ:LITE - Get Free Report) SVP Jae Kim sold 1,366 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $909.43, for a total transaction of $1,242,281.38. Following the sale, the senior vice president owned 45,973 shares in the company, valued at $41,809,225.39. The trade was a 2.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.
Lumentum Stock Performance
NASDAQ:LITE opened at $873.31 on Wednesday. The firm's fifty day simple moving average is $811.58 and its 200-day simple moving average is $783.10. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The stock has a market cap of $67.94 billion, a PE ratio of -10.62 and a beta of 1.50. Lumentum Holdings Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $1,085.68.
Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, beating the consensus estimate of $2.97 by $0.26. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $987.70 million. During the same quarter last year, the business earned $0.88 earnings per share. The business's revenue for the quarter was up 109.3% compared to the same quarter last year. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Analysts expect that Lumentum Holdings Inc. will post 16.97 earnings per share for the current fiscal year.
Analysts Set New Price Targets
LITE has been the subject of several research reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $1,300.00 price objective on shares of Lumentum in a report on Wednesday, August 12th. Northland Securities upped their target price on Lumentum from $1,000.00 to $1,200.00 and gave the company an "outperform" rating in a report on Wednesday, June 3rd. Needham & Company LLC restated a "buy" rating and issued a $1,040.00 price target on shares of Lumentum in a research report on Wednesday, August 12th. UBS Group set a $820.00 price target on Lumentum in a research note on Wednesday, August 12th. Finally, Barclays boosted their price objective on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Lumentum presently has an average rating of "Moderate Buy" and a consensus price target of $1,044.67.
View Our Latest Report on Lumentum
Institutional Investors Weigh In On Lumentum
A number of large investors have recently bought and sold shares of the stock. Beacon Pointe Advisors LLC purchased a new position in Lumentum during the second quarter worth $1,567,000. Kimelman & Baird LLC purchased a new stake in shares of Lumentum in the second quarter valued at $1,934,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Lumentum in the second quarter valued at $429,000. Rakuten Investment Management Inc. purchased a new stake in shares of Lumentum in the second quarter valued at $15,646,000. Finally, Denver PWM LLC acquired a new stake in shares of Lumentum during the second quarter valued at $1,289,000. Institutional investors and hedge funds own 94.05% of the company's stock.
Key Lumentum News
Here are the key news stories impacting Lumentum this week:
- Positive Sentiment: AI-driven growth remains the bullish case. Lumentum’s exposure to optical components used in AI data-center networks, along with expectations for rising margins and stronger fiscal 2027 earnings, continues to support the long-term growth narrative. Lumentum Stock Is Overvalued at 11.4X P/S: Should You Still Buy It?
- Positive Sentiment: Broker sentiment remains constructive. Analysts collectively assign Lumentum an average “Moderate Buy” rating, providing ongoing support despite the recent volatility. Lumentum Receives Average Rating of Moderate Buy
- Neutral Sentiment: Valuation is a central debate. At approximately 11.4 times sales, Lumentum trades at a demanding multiple after substantial multi-year gains. While a discounted-cash-flow analysis indicates potential upside, market-based valuation measures suggest the stock may already reflect considerable optimism. Lumentum Stock Looks Fully Priced Despite Cash Flow Upside
- Negative Sentiment: Risk aversion is weighing on optics stocks. Reports concerning Anthropic and a Wall Street Journal article have triggered a selloff across AI hardware names, with Lumentum among the affected optics companies. The move indicates investors are taking profits and questioning near-term AI spending or demand expectations. Optics Stocks Drop on Anthropic News
- Negative Sentiment: The recent rally has increased downside sensitivity. Lumentum had rallied alongside Coherent and AXT after indium phosphide price hikes, but the reversal shows how quickly sentiment can change when sector-wide AI concerns emerge. Optics Stocks Rally on Indium Phosphide Price Hikes
Lumentum Company Profile
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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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