Lumentum (NASDAQ:LITE) Stock Price Down 7.4% – Here’s What Happened

07 Jan 2026, 19:44 by Jessica Moore · The Cerbat Gem

Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report)’s stock price was 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 traded hands 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

LITE has been the topic of a number of analyst reports. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Northland Securities set a $350.00 target price on Lumentum in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. lifted their target price on shares of Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Wolfe Research restated an “outperform” rating and set a $240.00 price target on shares of Lumentum in a research report on Wednesday, November 5th. Finally, Susquehanna lifted their price objective on Lumentum from $140.00 to $190.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $222.13.

Read Our Latest Analysis on Lumentum

Lumentum Trading Down 1.1%

The company has a market capitalization of $27.86 billion, a PE ratio of 263.68 and a beta of 1.51. The company has a fifty day simple moving average of $306.68 and a 200-day simple moving average of $193.07. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77.

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

Insider Transactions at Lumentum

In related news, CAO Matthew Joseph Sepe sold 4,232 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $239.63, for a total transaction of $1,014,114.16. Following the completion of the transaction, the chief accounting officer directly owned 43,544 shares in the company, valued at $10,434,448.72. This trade represents a 8.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $243.32, for a total transaction of $1,751,904.00. Following the sale, the director directly owned 9,764 shares in the company, valued at approximately $2,375,776.48. The trade was a 42.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 28,612 shares of company stock worth $7,317,398. 0.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Allworth Financial LP raised its stake in shares of Lumentum by 6.4% during the third quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock worth $128,000 after purchasing an additional 47 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in Lumentum by 0.4% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock worth $2,532,000 after buying an additional 64 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Lumentum by 58.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock valued at $76,000 after purchasing an additional 76 shares in the last quarter. UMB Bank n.a. increased its position in shares of Lumentum by 11.2% in the third quarter. UMB Bank n.a. now owns 920 shares of the technology company’s stock valued at $150,000 after buying an additional 93 shares in the last quarter. Finally, MAI Capital Management raised its position in shares of Lumentum by 27.0% during the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

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.