In the last trading session, 1.05 million Lumentum Holdings Inc (NASDAQ:LITE) shares changed hands as the company’s beta touched 1.18. With the company’s per share price at $59.96 changed hands at -$0.12 or -0.20% during last session, the market valuation stood at $4.15B. LITE’s last price was a discount, traded about -73.45% off its 52-week high of $104.00. The share price had its 52-week low at $38.28, which suggests the last value was 36.16% up since then. When we look at Lumentum Holdings Inc’s average trading volume, we note the 10-day average is 1.72 million shares, with the 3-month average coming to 2.87 million.
Analysts gave the Lumentum Holdings Inc (LITE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.61. If we narrow down to specifics, the data shows that 1 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended LITE as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight.
Lumentum Holdings Inc (NASDAQ:LITE) trade information
Instantly LITE was in red as seen at the end of in last trading. With action 16.11%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -28.58%, with the 5-day performance at 16.11% in the green. However, in the 30-day time frame, Lumentum Holdings Inc (NASDAQ:LITE) is -4.19% down. Looking at the short shares, we see there were 10.36 million shares sold at short interest cover period of 3.14 days.
The consensus price target for the stock as assigned by Wall Street analysts is 82, meaning bulls need an upside of 26.88% from its current market value. According to analyst projections, LITE’s forecast low is 82 with 82 as the target high. To hit the forecast high, the stock’s price needs a -36.76% plunge from its current level, while the stock would need to soar -36.76% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -72.21%. The 2025 estimates are for Lumentum Holdings Inc earnings to increase by 71.75%, but the outlook for the next 5-year period is at 70.03% per year.
LITE Dividends
Lumentum Holdings Inc is expected to release its next quarterly earnings report on 2025-Feb-05.
Lumentum Holdings Inc (NASDAQ:LITE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.89% of Lumentum Holdings Inc shares while 117.21% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 118.26%. There are 117.21% institutions holding the Lumentum Holdings Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 13.6821% of the shares, roughly 9.21 million LITE shares worth $468.87 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 11.0753% or 7.45 million shares worth $379.54 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were SMALLCAP WORLD FUND INC and NEW ECONOMY FUND . With 3.35 shares estimated at $201.03 million under it, the former controlled 4.85% of total outstanding shares. On the other hand, NEW ECONOMY FUND held about 3.42% of the shares, roughly 2.37 shares worth around $142.1 million.
