Lumentum Holdings Inc (NASDAQ: LITE) is -9.53% 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 $77.11 in the last trading session, with the day’s loss setting it -1.16%.
Currently trading at $75.95, the stock is 11.88% and 20.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing -1.50% at the moment leaves the stock 8.51% off its SMA200. LITE registered 64.93% gain for a year compared to 6-month loss of -6.75%. The firm has a 50-day simple moving average (SMA 50) of $62.9916 and a 200-day simple moving average (SMA200) of $69.99475.
The stock witnessed a 47.08% gain in the last 1 month and extending the period to 3 months gives it a -0.51%, and is -2.99% 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 3.24% over the week and 4.93% over the month.
Lumentum Holdings Inc (LITE) has around 7257 employees, a market worth around $5.27B and $1.47B in sales. Fwd P/E is 19.93. Profit margin for the company is -29.87%. Distance from 52-week low is 98.38% and -26.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.69%).
The EPS is expected to grow by 89.79% this year
567.0 institutions hold shares in Lumentum Holdings Inc (LITE), with institutional investors hold 118.72% of the company’s shares. The shares outstanding are 69.40M, and float is at 66.12M with Short Float at 15.53%. Institutions hold 117.70% 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 11.0753 of the shares outstanding. The other top investors are INVESCO LTD. which holds 6.27 million shares representing 9.3164 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 Wupen Yuen, the company’s PRESIDENT, CLOUD & NETWORKING. SEC filings show that Wupen Yuen sold 290 shares of the company’s common stock on May 16 ’25 at a price of $77.98 per share for a total of $22614.0. Following the sale, the insider now owns 81297.0 shares.
Lumentum Holdings Inc disclosed in a document filed with the SEC on May 19 ’25 that Wupen Yuen (PRESIDENT, CLOUD & NETWORKING) sold a total of 289 shares of the company’s common stock. The trade occurred on May 19 ’25 and was made at $75.88 per share for $21929.0. Following the transaction, the insider now directly holds 81008.0 shares of the LITE stock.
Still, SEC filings show that on May 16 ’25, Kim Jae (SVP, GENERAL COUNSEL) disposed off 4,577 shares at an average price of $77.98 for $0.36 million. The insider now directly holds 31,534 shares of Lumentum Holdings Inc (LITE).
