Lumentum (NASDAQ:LITE) Shares Gap Up – Here’s Why

05 Dec 2025, 18:41 by Mitch Edgeman · The Markets Daily

Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report)’s share price gapped up prior to trading on Friday . The stock had previously closed at $327.85, but opened at $340.96. Lumentum shares last traded at $327.8480, with a volume of 1,635,089 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wolfe Research reiterated an “outperform” rating and issued a $240.00 price objective on shares of Lumentum in a research report on Wednesday, November 5th. UBS Group lifted their price target on Lumentum from $78.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Barclays raised their target price on shares of Lumentum from $165.00 to $181.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Northland Securities set a $350.00 price target on shares of Lumentum in a research note on Wednesday. Finally, B. Riley raised their price objective on shares of Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and a consensus target price of $215.00.

Get Our Latest Analysis on LITE

Lumentum Price Performance

The stock has a market capitalization of $23.53 billion, a PE ratio of 222.45 and a beta of 1.53. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The firm’s 50 day simple moving average is $215.57 and its 200 day simple moving average is $146.30.

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

Insider Buying and Selling

In other news, insider Yuen Wupen sold 822 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $258.96, for a total transaction of $212,865.12. Following the completion of the sale, the insider owned 95,077 shares of the company’s stock, valued at approximately $24,621,139.92. This represents a 0.86% 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 Pamela Fletcher sold 3,421 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total transaction of $935,746.13. Following the completion of the transaction, the director owned 10,561 shares in the company, valued at $2,888,750.33. This represents a 24.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,612 shares of company stock worth $7,317,398 in the last 90 days. 0.43% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lumentum

Several hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Lumentum by 363.9% in the third 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. Danske Bank A S purchased a new stake in Lumentum in the 3rd quarter worth approximately $33,000. FNY Investment Advisers LLC bought a new stake in shares of Lumentum in the 2nd quarter worth approximately $38,000. SVB Wealth LLC purchased a new position in shares of Lumentum during the first quarter valued at approximately $40,000. Finally, MAI Capital Management raised its holdings in shares of Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after acquiring an additional 96 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

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