In last trading session, Lumentum Holdings Inc (NASDAQ:LITE) saw 1.73 million shares changing hands with its beta currently measuring 1.01. Company’s recent per share price level of $77.29 trading at -$2.93 or -3.65% at ring of the bell on the day assigns it a market valuation of $5.35B. That closing price of LITE’s stock is at a discount of -34.56% from its 52-week high price of $104.00 and is indicating a premium of 50.47% from its 52-week low price of $38.28.
For Lumentum Holdings Inc (LITE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.94. Splitting up the data highlights that, out of 10 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.5 in the current quarter.
Lumentum Holdings Inc (NASDAQ:LITE) trade information
Upright in the red during last session for losing -3.65%, in the last five days LITE remained trading in the red while hitting it’s week-highest on Tuesday, 02/18/25 when the stock touched $77.29 price level, adding 4.77% to its value on the day. Lumentum Holdings Inc’s shares saw a change of -7.93% in year-to-date performance and have moved -2.90% in past 5-day. Lumentum Holdings Inc (NASDAQ:LITE) showed a performance of -18.13% in past 30-days.
Wall Street analysts have assigned a consensus price target of 70 to the stock, which implies a fall of -10.41% to its current value. Analysts have been projecting 40 as a low price target for the stock while placing it at a high target of 120. It follows that stock’s current price would jump 48.25% in reaching the projected high whereas dropping to the targeted low would mean a gain of 48.25% for stock’s current value.
Lumentum Holdings Inc (LITE) estimates and forecasts
This year revenue growth is estimated to rise 18.62% from the last financial year’s standing.
14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 419.09M for the same. And 14 analysts are in estimates of company making revenue of 453.71M in the next quarter. Company posted 366.5M and 308.3M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -72.21% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 72.83% while estimates for its earnings growth in next 5 years are of 69.80%.
Lumentum Holdings Inc (NASDAQ:LITE)’s Major holders
FMR LLC is the top institutional holder at LITE for having 9.21 million shares of worth $468.87 million. And as of 2024-06-30, it was holding 13.6416 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 7.45 million shares on 2024-06-30. The number of shares represents firm’s hold over 11.0425 of outstanding shares, having a total worth of $379.54 million.
On the other hand, Invesco Small Cap Value Fd and Invesco Value Opportunities Fd are the top two Mutual Funds which own company’s shares. As of Oct 31, 2024 , the former fund manager was holding 3.1 shares of worth $239.47 million or 4.48% of the total outstanding shares. The later fund manager was in possession of 2.38 shares on Oct 31, 2024 , making its stake of worth around $184.3 million in the company or a holder of 3.45% of company’s stock.
