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Lumentum
LITE

$49.19
3.38%
 

About: Lumentum Holdings Inc is a California-based technology firm. The company provides two types of optical and photonic products: optical components that are used in telecommunications networking equipment, and commercial lasers for manufacturing, inspection, and life-science lab uses. Its segments are OpComms and Lasers. The firm is also expanding into new optical applications, such as 3-D sensing laser diode for consumer electronics. It generates maximum revenue from the OpComms segment. The OpComms segment products include a wide range of components, modules and subsystems to support customers including carrier networks for access (local), metro (intracity), long-haul, and submarine (undersea) applications.

Employees: 7,500

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 13 analysts
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 4 (+2) [Q1 2024]

27% more repeat investments, than reductions

Existing positions increased: 119 | Existing positions reduced: 94

6.45% more ownership

Funds ownership: 104.7% [Q4 2023] → 111.15% (+6.45%) [Q1 2024]

1% more funds holding

Funds holding: 350 [Q4 2023] → 355 (+5) [Q1 2024]

9% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 55

3% less call options, than puts

Call options by funds: $124M | Put options by funds: $128M

4% less capital invested

Capital invested by funds: $3.68B [Q4 2023] → $3.54B (-$134M) [Q1 2024]

Research analyst outlook

13 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$38
23%
downside
Avg. target
$53
9%
upside
High target
$65
32%
upside

13 analyst ratings

positive
69%
neutral
15%
negative
15%
Needham
Alex Henderson
12%upside
$55
Buy
Maintained
20 May 2024
B. Riley Securities
Dave Kang
19%downside
$40
Neutral
Maintained
7 May 2024
Barclays
Tom O'Malley
23%downside
$38
Underweight
Maintained
7 May 2024
JP Morgan
Samik Chatterjee
16%upside
$57
Overweight
Maintained
11 Apr 2024
Raymond James
Simon Leopold
18%upside
$58
Outperform
Maintained
1 Apr 2024

Financial journalist opinion