During the recent session, Lumentum Holdings Inc (NASDAQ:LITE)’s traded shares were 0.79 million, with the beta value of the company hitting 1.30. At the last check today, the stock’s price was $72.56, reflecting an intraday loss of -3.78% or -$2.85. The 52-week high for the LITE share is $104.00, that puts it down -43.33 from that peak though still a striking 47.24% gain since the share price plummeted to a 52-week low of $38.28. The company’s market capitalization is $5.04B, and the average intraday trading volume over the past 10 days was 1.59 million shares, and the average trade volume was 2.78 million shares over the past three months.
Lumentum Holdings Inc (LITE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.72. LITE has a Sell rating from 1 analyst(s) out of 10 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it.
Lumentum Holdings Inc (NASDAQ:LITE) trade information
Lumentum Holdings Inc (LITE) registered a -3.78% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.78% in intraday trading to $72.56, hitting a weekly high. The stock’s 5-day price performance is -4.38%, and it has moved by 22.90% in 30 days. Based on these gigs, the overall price performance for the year is 61.68%. The short interest in Lumentum Holdings Inc (NASDAQ:LITE) is 12.31 million shares and it means that shorts have 4.79 day(s) to cover.
The consensus price target of analysts on Wall Street is $80, which implies an increase of 9.3% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $75 and $82 respectively. As a result, LITE is trading at a discount of -13.01% off the target high and -3.36% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -72.21%. While earnings are projected to return 89.79% in 2025, the next five years will return 68.69% per annum.
LITE Dividends
Lumentum Holdings Inc is due to release its next quarterly earnings on 2025-May-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Lumentum Holdings Inc (NASDAQ:LITE)’s Major holders
Lumentum Holdings Inc insiders own 0.86% of total outstanding shares while institutional holders control 117.62%, with the float percentage being 118.64%. FMR LLC is the largest shareholder of the company, while 567.0 institutions own stock in it. As of 2024-06-30, the company held over 9.21 million shares (or 13.6821% of all shares), a total value of $468.87 million in shares.
The next largest institutional holding, with 7.45 million shares, is of VANGUARD GROUP INC’s that is approximately 11.0753% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $379.54 million.
Also, the Mutual Funds coming in first place with the largest holdings of Lumentum Holdings Inc (LITE) shares are SMALLCAP WORLD FUND INC and NEW ECONOMY FUND . Data provided on Mar 31, 2025 indicates that SMALLCAP WORLD FUND INC owns about 3.35 shares. This amounts to just over 4.83 percent of the company’s overall shares, with a $243.61 million market value. The same data shows that the other fund manager holds slightly less at 2.37, or about 3.41% of the stock, which is worth about $172.2 million.
