In last trading session, Lumentum Holdings Inc (NASDAQ:LITE) saw 2.89 million shares changing hands with its beta currently measuring 1.01. Company’s recent per share price level of $76.34 trading at -$0.95 or -1.23% at ring of the bell on the day assigns it a market valuation of $5.28B. That closing price of LITE’s stock is at a discount of -36.23% from its 52-week high price of $104.00 and is indicating a premium of 49.86% 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.
Lumentum Holdings Inc (NASDAQ:LITE) trade information
Upright in the red during last session for losing -1.23%, 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 $76.34 price level, adding 5.94% to its value on the day. Lumentum Holdings Inc’s shares saw a change of -9.06% in year-to-date performance and have moved -3.64% in past 5-day. Lumentum Holdings Inc (NASDAQ:LITE) showed a performance of -21.66% in past 30-days.
Wall Street analysts have assigned a consensus price target of 70 to the stock, which implies a fall of -9.06% 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 47.6% in reaching the projected high whereas dropping to the targeted low would mean a gain of 47.6% for stock’s current value.
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 $236.53 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 $182.04 million in the company or a holder of 3.45% of company’s stock.
