Lumentum Holdings Inc. (NASDAQ:LITE) current consensus investment analysts is to Outperform

Lumentum Holdings Inc. (NASDAQ:LITE) stock is presently standing at about $44.85 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 13 analysts covering the company is $50.00, which suggests the stock could still rise over 10 percent. The highest analyst price target is $56.00, which implies a rally of 75 percent. And a quick view of analyst notes show that 6 are rating the stock a buy while 4 rate LITE a strong buy. There are 1 equity research firms advocating a Hold and 0 consider it Sell.

Raymond James analysts provided their view on Lumentum Holdings Inc. (NASDAQ:LITE) recently. The rating firm issued a Strong Buy rating to this company in a research note released on Nov 07, 2016. Goldman analysts disclosed their opinion on Lumentum Holdings Inc. (NASDAQ:LITE) recently. The rating firm gave a Sell rating to this stock in a research note published on Oct 11, 2016. According to a research note disclosed on Aug 11, 2016, analysts at Morgan Stanley have lowered their rating on these shares from Equal-Weight to Underweight.

Lumentum Holdings Inc. (NASDAQ:LITE) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its EVP and COO Retort Vincent sold 809 company shares for 42150, in a transaction on 2017-02-22. Following the transaction, the EVP and COO is left with a stake of 65,149 shares, currently valued at $2921933. Meanwhile, CEO and President LOWE ALAN S sold 1,094 shares worth $57000, through a transaction dated 2017-02-22. Following the completion of the transaction, the insider is left with a stake of 140,656 shares, amounting $6308421.6. LITE General Counsel & Secretary Hamel Judy G also sold 208 shares, at a stock price of $51.15. This transaction occurred on 2017-02-21 totals $10640. After this transaction, the insider’s stake stands at 18,684 shares, with a market value of $837977.

Executives hold 0.77 percent of the stock. Alan S. Lowe is one of the biggest insider owners in Lumentum Holdings Inc. (NASDAQ:LITE), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 140,656 shares which have current market value of around $6308421.6.Mr. Vincent Retort is another major inside shareholder in the company. The insider owns 65,149 shares as of 0.11%, currently worth $2921932.65. Mr. Jason Reinhardt is ranked as third insider holder of the stock. This insider holds 43,437 shares with a market value around $1948149.45 as of recent close.

Lumentum Holdings Inc. (NASDAQ:LITE) Earnings Outlook

In Lumentum Holdings Inc. (NASDAQ:LITE)’s latest quarter, EPS moved to $0.57 from $0.49 in preceding quarter and revenues reached at $265.00M compared to $258.10M. Analysts had expected Lumentum Holdings Inc. (NASDAQ:LITE) to post net income of about $0.51 per share on $265.46M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.53 to $0.72. That is compared with the $0.32 in EPS it reported during the same period a year ago.