Lumentum (NASDAQ:LITE) Stock Price Down 7.4% – Time to Sell?

05 Jan 2026, 19:58 by Kim Johansen · The Markets Daily

Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) shares were down 7.4% during mid-day trading on Monday . The company traded as low as $344.67 and last traded at $357.7110. Approximately 2,000,523 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 1,997,944 shares. The stock had previously closed at $386.11.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LITE. Northland Securities set a $350.00 price target on shares of Lumentum in a research note on Wednesday, December 3rd. Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. B. Riley boosted their price target on Lumentum from $83.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Wolfe Research reaffirmed an “outperform” rating and set a $240.00 price objective on shares of Lumentum in a research report on Wednesday, November 5th. Finally, Barclays boosted their target price on Lumentum from $165.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $222.13.

Read Our Latest Stock Analysis on Lumentum

Lumentum Stock Down 7.2%

The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77. The firm has a market cap of $25.39 billion, a P/E ratio of 240.90 and a beta of 1.51. The company has a fifty day simple moving average of $299.44 and a 200-day simple moving average of $189.01.

Lumentum (NASDAQ:LITE – Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The business had revenue of $533.80 million for the quarter, compared to analysts’ expectations of $525.10 million. During the same period last year, the firm earned $0.18 earnings per share. The business’s quarterly revenue was up 58.4% on a year-over-year basis. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, equities analysts anticipate that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

Insider Buying and Selling at Lumentum

In related news, Director Julia Suzanne Johnson sold 10,000 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $270.39, for a total value of $2,703,900.00. Following the completion of the transaction, the director directly owned 12,037 shares of the company’s stock, valued at approximately $3,254,684.43. This trade represents a 45.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $243.32, for a total transaction of $1,751,904.00. Following the transaction, the director owned 9,764 shares of the company’s stock, valued at $2,375,776.48. This trade represents a 42.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 28,612 shares of company stock worth $7,317,398. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

Several hedge funds and other institutional investors have recently made changes to their positions in LITE. Vanguard Group Inc. raised its holdings in shares of Lumentum by 0.6% in the third quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock worth $1,217,930,000 after buying an additional 41,975 shares during the period. Hood River Capital Management LLC boosted its position in shares of Lumentum by 82.1% in the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after purchasing an additional 994,551 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Lumentum by 8,579.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after purchasing an additional 1,545,199 shares during the last quarter. Geode Capital Management LLC grew its position in Lumentum by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,260,940 shares of the technology company’s stock worth $119,884,000 after purchasing an additional 10,027 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Lumentum by 4.4% during the 3rd quarter. Alliancebernstein L.P. now owns 1,085,119 shares of the technology company’s stock valued at $176,560,000 after purchasing an additional 45,953 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

About Lumentum

(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.