In today’s recent session, 1.11 million shares of the Lumentum Holdings Inc (NASDAQ:LITE) have been traded, and its beta is 1.22. Most recently the company’s share price was $63.06, and it changed around -$0.11 or -0.17% from the last close, which brings the market valuation of the company to $4.36B. LITE at last check was trading at a discount to its 52-week high of $104.00, offering almost -64.92% off that amount. The share price’s 52-week low was $38.28, which indicates that the recent value has risen by an impressive 39.3% since then.
Lumentum Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.61. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 4 recommended LITE as a Hold, whereas 6 deemed it a Buy, and 1 rated it as Underweight.
Lumentum Holdings Inc (NASDAQ:LITE) trade information
Instantly LITE has been showing red trend so far today with a performance of -0.17% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 64.59 on recent trading dayincreased the stock’s daily price by 2.37%. The company’s shares are currently down -24.88% year-to-date, but still up 5.17% over the last five days. On the other hand, Lumentum Holdings Inc (NASDAQ:LITE) is 27.24% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $82, which translates to bulls needing to increase their stock price by 23.1% from its current value. Analyst projections state that LITE is forecast to be at a low of $82 and a high of $82.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -72.21%. Lumentum Holdings Inc earnings are expected to increase by 71.75% in 2025, but the outlook is positive 70.03% per year for the next five years.
LITE Dividends
Lumentum Holdings Inc’s next quarterly earnings report is expected to be released on 2025-Feb-05.
VANGUARD GROUP INC, with 11.0753% or 7.45 million shares worth $379.54 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
SMALLCAP WORLD FUND INC and NEW ECONOMY FUND were the top two Mutual Funds as of Mar 31, 2025 . The former held 3.35 shares worth $212.16 million, making up 4.85% of all outstanding shares. On the other hand, NEW ECONOMY FUND held roughly 2.37 shares worth around $149.97 million, which represents about 3.42% of the total shares outstanding.
