Lumentum (LITE) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Lumentum (NASDAQ: LITE) recently:

• 2/7/2025 – Lumentum had its price target raised by analysts at Raymond James from $94.00 to $96.00. They now have an “outperform” rating on the stock.
• 2/7/2025 – Lumentum had its price target raised by analysts at B. Riley from $62.00 to $75.00. They now have a “neutral” rating on the stock.
• 2/7/2025 – Lumentum had its price target raised by analysts at UBS Group AG from $93.00 to $96.00. They now have a “neutral” rating on the stock.
• 2/7/2025 – Lumentum had its price target raised by analysts at Northland Securities from $60.00 to $70.00. They now have a “market perform” rating on the stock.
• 2/7/2025 – Lumentum had its price target raised by analysts at Stifel Nicolaus from $95.00 to $105.00. They now have a “buy” rating on the stock.
• 2/7/2025 – Lumentum had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $110.00 price target on the stock.
• 2/7/2025 – Lumentum had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $110.00 price target on the stock.
• 1/31/2025 – Lumentum had its price target lowered by analysts at Morgan Stanley from $83.00 to $81.00. They now have an “equal weight” rating on the stock.
• 1/17/2025 – Lumentum was upgraded by analysts at Barclays PLC from an “underweight” rating to an “overweight” rating. They now have a $125.00 price target on the stock, up previously from $80.00.
• 1/9/2025 – Lumentum had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $110.00 price target on the stock.

Lumentum Trading Down 0.6 %

NASDAQ:LITE opened at $77.68 on Tuesday. The firm has a market cap of $5.34 billion, a P/E ratio of -10.10 and a beta of 0.94. The company has a current ratio of 5.36, a quick ratio of 4.04 and a debt-to-equity ratio of 2.87. The stock’s 50 day simple moving average is $86.25 and its 200-day simple moving average is $72.94. Lumentum Holdings Inc. has a 12-month low of $38.28 and a 12-month high of $104.00.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.41). Lumentum had a negative return on equity of 7.00% and a negative net margin of 36.98%. Equities analysts anticipate that Lumentum Holdings Inc. will post -0.04 EPS for the current year.

Insider Buying and Selling

In other news, CFO Wajid Ali sold 29,887 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $85.06, for a total value of $2,542,188.22. Following the completion of the sale, the chief financial officer now owns 56,492 shares in the company, valued at approximately $4,805,209.52. This trade represents a 34.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vincent Retort sold 41,710 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $89.52, for a total value of $3,733,879.20. Following the completion of the sale, the insider now owns 147,515 shares of the company’s stock, valued at approximately $13,205,542.80. This trade represents a 22.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,000 shares of company stock worth $6,726,239. 0.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lumentum

A number of large investors have recently modified their holdings of the stock. Woodline Partners LP grew its stake in Lumentum by 377.7% during the 4th quarter. Woodline Partners LP now owns 282,055 shares of the technology company’s stock valued at $23,679,000 after purchasing an additional 223,011 shares in the last quarter. Two Sigma Advisers LP grew its stake in Lumentum by 30.5% during the 4th quarter. Two Sigma Advisers LP now owns 243,600 shares of the technology company’s stock valued at $20,450,000 after purchasing an additional 57,000 shares in the last quarter. Tairen Capital Ltd grew its stake in Lumentum by 1,510.5% during the 4th quarter. Tairen Capital Ltd now owns 191,646 shares of the technology company’s stock valued at $16,089,000 after purchasing an additional 179,746 shares in the last quarter. Tidal Investments LLC grew its stake in Lumentum by 3.1% during the 4th quarter. Tidal Investments LLC now owns 19,243 shares of the technology company’s stock valued at $1,615,000 after purchasing an additional 574 shares in the last quarter. Finally, Teza Capital Management LLC grew its stake in Lumentum by 102.2% during the 4th quarter. Teza Capital Management LLC now owns 31,911 shares of the technology company’s stock valued at $2,679,000 after purchasing an additional 16,128 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.