Lumentum (LITE)

• Market cap: $5.84B
• 1 day: 1.82%
• 5 days: -8.35%
• 1 month: 3.16%
• 3 months: 38.68%
• 6 months: 77.58%
• Year to date: 63.49%
• 1 year: 69.96%
• 5 years: 8.20%
• 10 years: 302.27%
• Sector: Communication Services
• Industry: Communications Equipment

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 Optical Communications and Commercial 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: 7,257

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

18% more capital invested

Capital invested by funds: $3.89B [Q2] → $4.6B (+$714M) [Q3]

1% more funds holding

Funds holding: 377 [Q2] → 381 (+4) [Q3]

6% more first-time investments, than exits

New positions opened: 70 | Existing positions closed: 66

0% more funds holding in top 10

Funds holding in top 10: 7 [Q2] → 7 (+0) [Q3]

6.33% less ownership

Funds ownership: 113.14% [Q2] → 106.81% (-6.33%) [Q3]

26% less repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 136

31% less call options, than puts

Call options by funds: $91.7M | Put options by funds: $133M

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $60 29% downside
• Avg. target: $91 7% upside
• High target: $115 35% upside

6 analyst ratings

• positive: 3 50%
• neutral: 2 33%
• negative: 1 17%

Morgan Stanley Meta Marshall 54% 1-year accuracy 14 / 26 met price target	2% downside $83	Equal-Weight Maintained	17 Dec 2024
Barclays Tom O'Malley 48% 1-year accuracy 21 / 44 met price target	6% downside $80	Underweight Maintained	11 Nov 2024
Rosenblatt Mike Genovese 77% 1-year accuracy 27 / 35 met price target	29% upside $110	Buy Maintained	8 Nov 2024
Northland Capital Markets Tim Savageaux 58% 1-year accuracy 14 / 24 met price target	29% downside $60	Market Perform Maintained	8 Nov 2024
Raymond James Simon Leopold 62% 1-year accuracy 13 / 21 met price target	18% upside $100	Outperform Maintained	8 Nov 2024