Lumentum Holdings Inc (NASDAQ: LITE) is 79.18% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LITE stock was last observed hovering at around $91.49 in the last trading session, with the day’s gains setting it 2589908.51%.
Currently trading at $2590000.0, the stock is 4.39% and 19.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.0 million and changing -0.27% at the moment leaves the stock 22.35% off its SMA200. LITE registered 8.68% gain for a year compared to 6-month loss of 8.16%. The firm has a 50-day simple moving average (SMA 50) of $76.434 and a 200-day simple moving average (SMA200) of $74.57205.
The stock witnessed a 20.27% gain in the last 1 month and extending the period to 3 months gives it a 43.48%, and is -0.58% 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 3.40% over the week and 3.93% over the month.
Lumentum Holdings Inc (LITE) has around 7257 employees, a market worth around $6.33B and $1.47B in sales. Fwd P/E is 22.56. Profit margin for the company is -29.87%. Distance from 52-week low is 138.32% and -12.27% 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 94.29% this year
563.0 institutions hold shares in Lumentum Holdings Inc (LITE), with institutional investors hold 118.56% of the company’s shares. The shares outstanding are 69.40M, and float is at 66.82M with Short Float at 16.74%. Institutions hold 117.63% 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 LOWE ALAN S, the company’s Director. SEC filings show that LOWE ALAN S sold 20,000 shares of the company’s common stock on Jun 26 ’25 at a price of $93.47 per share for a total of $1.87 million. Following the sale, the insider now owns 0.23 million shares.
Still, SEC filings show that on Jun 18 ’25, LOWE ALAN S (Director) disposed off 20,000 shares at an average price of $88.47 for $1.77 million. The insider now directly holds 250,471 shares of Lumentum Holdings Inc (LITE).
