Lumentum Holdings Inc (NASDAQ: LITE) is -24.25% lower on its value in year-to-date trading and has touched a low of $38.28 and a high of $104.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LITE stock was last observed hovering at around $62.34 in the last trading session, with the day’s gains setting it 1.25%.
Currently trading at $63.59, the stock is -2.02% and -14.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.6 million and changing 2.01% at the moment leaves the stock -6.96% off its SMA200. LITE registered 34.30% gain for a year compared to 6-month gain of -1.46%. The firm has a 50-day simple moving average (SMA 50) of $74.36 and a 200-day simple moving average (SMA200) of $68.34675.
The stock witnessed a -3.20% loss in the last 1 month and extending the period to 3 months gives it a -24.62%, and is -10.52% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.83% over the week and 6.68% over the month.
Lumentum Holdings Inc (LITE) has around 7257 employees, a market worth around $4.40B and $1.41B in sales. Fwd P/E is 16.92. Profit margin for the company is -36.98%. Distance from 52-week low is 66.10% and -38.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.11%).
The EPS is expected to grow by 72.10% this year.
Lumentum Holdings Inc (LITE) Top Institutional Holders
582.0 institutions hold shares in Lumentum Holdings Inc (LITE), with institutional investors hold 118.35% of the company’s shares. The shares outstanding are 69.10M, and float is at 66.18M with Short Float at 15.72%. Institutions hold 117.30% of the Float.
The top institutional shareholder in the company is FMR LLC with over 9.21 million shares valued at $468.87 million. The investor’s holdings represent 13.6821% of the LITE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.45 million shares valued at $379.54 million to account for 11.0425 of the shares outstanding. The other top investors are INVESCO LTD. which holds 6.27 million shares representing 9.2888% and valued at over $319.27 million, while BLACKROCK INC. holds 9.0815 of the shares totaling 6.11 million with a market value of $311.22 million.
Lumentum Holdings Inc (LITE) Insider Activity
The most recent transaction is an insider sale by Ali Wajid, the company’s EVP & CHIEF FINANCIAL OFFICER. SEC filings show that Ali Wajid sold 2,172 shares of the company’s common stock on Feb 18 ’25 at a price of $78.34 per share for a total of $0.17 million. Following the sale, the insider now owns 51976.0 shares.
Still, SEC filings show that on Jan 22 ’25, VINCENT D RETORT (Officer) Proposed Sale 35,153 shares at an average price of $99.49 for $3.5 million. The insider now directly holds shares of Lumentum Holdings Inc (LITE).
