Market Summary
USD48.33+0.47
Market Closed0.98%
LITE Stock Price
LITE RSI Chart
LITE Valuation
LITE Price/Sales (Trailing)
LITE Profitability
LITE Fundamentals
LITE Revenue
LITE Earnings
Price Action
52 Week Range
42.0075.56
(Low)(High)
Last 7 days
2.8%
Last 30 days
-0.7%
Last 90 days
-14.7%
Trailing 12 Months
-33.6%
LITE Financial Health
LITE Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for LITE
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-24 | Reinhardt Jason | sold (taxes) | -127,538 | 52.12 | -2,447 | evp, general manager |
2023-08-24 | Retort Vincent | acquired | - | - | 1,621 | evp, chief operating officer |
2023-08-24 | Hamel Judy G | acquired | - | - | 1,188 | svp, gc and secretary |
2023-08-24 | LOWE ALAN S | acquired | - | - | 3,887 | chief executive officer |
2023-08-24 | LOWE ALAN S | sold (taxes) | -637,532 | 52.12 | -12,232 | chief executive officer |
2023-08-24 | Hamel Judy G | sold (taxes) | -133,427 | 52.12 | -2,560 | svp, gc and secretary |
2023-08-24 | Ali Wajid | acquired | - | - | 1,621 | evp & chief financial officer |
2023-08-24 | Sepe Matthew Joseph | sold (taxes) | -47,481 | 52.12 | -911 | chief accounting officer |
2023-08-24 | Ali Wajid | sold (taxes) | -226,201 | 52.12 | -4,340 | evp & chief financial officer |
2023-08-24 | Retort Vincent | sold (taxes) | -263,050 | 52.12 | -5,047 | evp, chief operating officer |
Which funds bought or sold LITE recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-18 | WASHINGTON CAPITAL MANAGEMENT, INC | new | - | 538,935 | 538,935 | 0.46% |
2023-09-12 | Farther Finance Advisors, LLC | added | 57.62 | 7,436 | 18,778 | -% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | 155 | 3,234 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 113 | 113 | -% |
2023-08-22 | COMERICA BANK | new | - | 80,909,000 | 80,909,000 | 8.48% |
2023-08-22 | COMERICA BANK | new | - | 34,000 | 34,000 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | sold off | -100 | -556,303 | - | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | unchanged | - | 17.00 | 882 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.58 | 107,223 | 4,720,160 | 0.01% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -51.32 | -1,873,000 | 1,959,000 | 0.02% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Lumentum Holdings
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Sep 11, 2023 | vanguard group inc | 10.42% | 6,948,850 | SC 13G/A | |
| Aug 10, 2023 | wellington management group llp | 2.27% | 1,557,751 | SC 13G/A | |
| Jun 12, 2023 | fmr llc | - | 0 | SC 13G | |
| Feb 14, 2023 | alliancebernstein l.p. | 7.1% | 4,849,016 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.30% | 6,345,834 | SC 13G/A | |
| Feb 06, 2023 | wellington management group llp | 7.57% | 5,163,063 | SC 13G/A | |
| Jan 24, 2023 | blackrock inc. | 9.9% | 6,746,804 | SC 13G/A | |
| Feb 14, 2022 | alliancebernstein l.p. | 7.2% | 5,215,446 | SC 13G | |
| Feb 04, 2022 | wellington management group llp | 13.61% | 9,842,945 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 8.5% | 6,115,457 | SC 13G/A |
Recent SEC filings of Lumentum Holdings
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 11, 2023 | SC 13G/A | Major Ownership Report | |
| Aug 25, 2023 | 4 | Insider Trading | |
| Aug 25, 2023 | 4 | Insider Trading | |
| Aug 25, 2023 | 4 | Insider Trading | |
| Aug 25, 2023 | 4 | Insider Trading | |
| Aug 25, 2023 | 4 | Insider Trading | |
| Aug 25, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 10-K | Annual Report | |
| Aug 22, 2023 | 4 | Insider Trading | |
| Aug 22, 2023 | 4 | Insider Trading |
Peers (Alternatives to Lumentum Holdings)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CSCO | 225.7B | 57.0B | 0.11% | 31.55% | 17.89 | 3.96 | 10.55% | 6.78% |
ANET | 56.5B | 5.3B | -1.04% | 60.21% | 33.07 | 10.74 | 50.27% | 65.17% |
MSI | 47.7B | 9.7B | 3.10% | 19.30% | 31.47 | 4.95 | 14.13% | 26.10% |
UI | 9.0B | 1.9B | -5.40% | -50.18% | 22.02 | 4.63 | 14.71% | 7.65% |
| MID-CAP | ||||||||
FFIV | 9.5B | 2.8B | 2.91% | 9.46% | 28.69 | 3.4 | 4.80% | -3.31% |
LITE | 3.2B | 1.8B | -0.68% | -33.58% | -24.39 | 1.82 | 3.18% | -166.16% |
VIAV | 2.1B | 1.1B | -5.92% | -30.89% | 82.97 | 1.91 | -14.42% | 64.52% |
VSAT | 2.1B | 2.8B | -17.98% | -36.11% | 2.05 | 0.77 | 13.98% | 1966.89% |
| SMALL-CAP | ||||||||
INFN | 953.5M | 1.6B | 6.58% | -12.29% | -133.45 | 0.58 | 13.20% | 96.13% |
COMM | 701.4M | 8.2B | -1.78% | -70.96% | -0.59 | 0.09 | -6.99% | -187.07% |
NTGR | 367.4M | 853.0M | -1.10% | -43.43% | -17.05 | 0.43 | -12.52% | 62.31% |
CMBM | 197.1M | 302.6M | -20.31% | -58.75% | 9.35 | 0.65 | 5.89% | 210.09% |
INSG | 49.2M | 226.4M | -24.79% | -81.94% | -1.22 | 0.22 | -13.69% | 27.20% |
VISL | 9.6M | - | -7.86% | -61.18% | -0.74 | 0.49 | -16.17% | 28.34% |
Lumentum Holdings News
Returns for LITE
Cumulative Returns on LITE
2.6%
7-Year Cumulative Returns
-4.7%
5-Year Cumulative Returns
-12.2%
3-Year Cumulative Returns
Risks for LITE
What is the probability of a big loss on LITE?
100%
Probability that Lumentum Holdings stock will be more than 20% underwater in next one year
63.9%
Probability that Lumentum Holdings stock will be more than 30% underwater in next one year.
33.9%
Probability that Lumentum Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does LITE drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Lumentum Holdings was unfortunately bought at previous high price.
Drawdowns
Financials for Lumentum Holdings
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -2.8% | 1,767 | 1,818 | 1,830 | 1,771 | 1,713 | 1,683 | 1,707 | 1,739 | 1,743 | 1,719 | 1,702 | 1,681 | 1,679 | 1,715 | 1,745 | 1,661 | 1,565 | 1,462 | 1,328 | 1,359 | 1,248 |
| Gross Profit | -13.9% | 569 | 661 | 716 | 758 | 789 | 770 | 788 | 810 | 783 | 756 | 729 | 688 | 650 | 601 | 532 | 468 | 426 | 435 | 443 | 490 | 432 |
| Operating Expenses | 2.9% | 685 | 666 | 623 | 557 | 485 | 476 | 274 | 266 | 256 | 248 | 445 | 445 | 446 | 438 | 488 | 487 | 448 | 422 | 328 | 295 | 292 |
| S&GA Expenses | -0.4% | 349 | 350 | 338 | 308 | 266 | 254 | 256 | 248 | 241 | 238 | 234 | 235 | 235 | 230 | 224 | 224 | 200 | 184 | 162 | 135 | 128 |
| R&D Expenses | 5.9% | 308 | 291 | 262 | 239 | 221 | 218 | 219 | 218 | 215 | 209 | 201 | 199 | 199 | 199 | 208 | 200 | 185 | 174 | 154 | 155 | 157 |
| EBITDA | - | - | - | - | - | - | - | 207 | 206 | 205 | 203 | 202 | 204 | 200 | 195 | 60.00 | 10.00 | 3.00 | 57.00 | - | - | - |
| EBITDA Margin | - | - | - | - | - | - | - | 0.12* | 0.12* | 0.12* | 0.12* | 0.12* | 0.12* | 0.12* | 0.11* | 0.03* | 0.01* | 0.00* | 0.04* | - | - | - |
| Interest Expenses | -32.5% | 36.00 | 53.00 | 64.00 | 72.00 | 80.00 | 72.00 | 68.00 | 68.00 | 67.00 | 65.00 | 64.00 | 66.00 | 61.00 | 57.00 | 52.00 | 43.00 | 36.00 | 42.00 | 31.00 | 30.00 | 18.00 |
| Earnings Before Taxes | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 139 | 8.00 | -32.50 | -33.30 | 16.00 | 101 | 179 | 129 |
| EBT Margin | - | - | - | - | - | - | - | 0.08* | 0.08* | 0.08* | 0.08* | 0.08* | 0.08* | 0.08* | 0.08* | 0.00* | -0.02* | -0.02* | 0.01* | - | - | - |
| Net Income | -258.6% | -131 | -36.70 | 29.00 | 117 | 199 | 186 | 385 | 412 | 397 | 371 | 189 | 155 | 136 | 114 | -3.40 | -36.20 | -36.40 | 23.00 | 100 | 288 | 248 |
| Net Income Margin | 100.0% | - | -0.02* | 0.02* | 0.07* | 0.12* | 0.11* | 0.23* | 0.24* | 0.23* | 0.22* | 0.11* | 0.09* | 0.08* | 0.07* | 0.00* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 124 | 197 | 322 | 368 | 388 | 696 | 620 | 654 | 650 | 419 | 451 | 438 | 379 | 261 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 6.4% | 4,632 | 4,354 | 4,418 | 4,387 | 4,162 | 4,134 | 3,616 | 3,519 | 3,552 | 3,746 | 3,468 | 3,387 | 3,293 | 3,269 | 3,221 | 2,868 | 2,717 | 2,771 | 2,797 | 1,645 | 1,582 |
| Current Assets | 12.8% | 2,778 | 2,464 | 2,493 | 2,438 | 3,139 | 3,101 | 2,540 | 2,423 | 2,437 | 2,570 | 2,266 | 2,167 | 2,050 | 1,963 | 1,883 | 1,423 | 1,333 | 1,418 | 1,357 | 1,181 | 1,127 |
| Cash Equivalents | 56.4% | 859 | 549 | 592 | 605 | 1,290 | 1,130 | 552 | 611 | 774 | 688 | 321 | 270 | 298 | 688 | 1,085 | 539 | 433 | 358 | 371 | 459 | 397 |
| Inventory | -0.4% | 409 | 410 | 367 | 366 | 250 | 224 | 208 | 207 | 196 | 211 | 207 | 213 | 189 | 173 | 180 | 202 | 229 | 272 | 303 | 137 | 173 |
| Net PPE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 437 | 433 | 391 | 445 | 319 | 307 |
| Goodwill | -0.2% | 695 | 696 | 698 | 694 | 369 | 369 | 369 | 369 | 369 | 369 | 369 | 369 | 369 | 369 | 369 | 369 | 358 | 360 | 333 | - | 11.00 |
| Liabilities | 16.3% | 3,276 | 2,816 | 2,875 | 2,861 | 2,287 | 2,221 | 1,594 | 1,548 | 1,579 | 1,581 | 1,546 | 1,571 | 1,543 | 1,535 | 1,540 | 1,307 | 1,220 | 1,268 | 1,237 | 626 | 620 |
| Current Liabilities | -17.6% | 634 | 769 | 814 | 803 | 717 | 661 | 657 | 612 | 665 | 674 | 647 | 293 | 283 | 287 | 304 | 317 | 294 | 358 | 326 | 214 | 214 |
| Short Term Borrowings | -100.0% | - | 426 | 421 | 420 | 410 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| LT Debt, Non Current | -100.0% | - | 1,901 | 1,900 | 1,900 | 1,466 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Shareholder's Equity | -11.8% | 1,356 | 1,538 | 1,544 | 1,526 | 1,875 | 1,912 | 2,022 | 1,971 | 1,973 | 2,165 | 1,922 | 1,816 | 1,749 | 1,734 | 1,682 | 1,561 | 1,497 | 1,504 | 1,560 | 984 | 926 |
| Retained Earnings | -142.2% | -340 | -140 | -101 | -69.60 | -43.50 | -60.50 | 238 | 211 | 221 | 440 | 215 | 132 | 65.00 | 69.00 | 26.00 | 177 | 129 | 155 | 229 | 213 | 166 |
| Additional Paid-In Capital | 1.2% | 1,692 | 1,671 | 1,641 | 1,596 | 1,577 | 1,974 | 1,778 | 1,752 | 1,744 | 1,719 | 1,701 | 1,678 | 1,677 | 1,659 | 1,649 | 1,377 | 1,361 | 1,341 | 1,324 | 764 | 753 |
| Shares Outstanding | -3.3% | 66.00 | 69.00 | 68.00 | 68.00 | 68.00 | 71.00 | 72.00 | 73.00 | 73.00 | 76.00 | 76.00 | 75.00 | 75.00 | 75.00 | 77.00 | 77.00 | 77.00 | 76.00 | 67.00 | 63.00 | 63.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -26.6% | 180 | 245 | 307 | 418 | 459 | 469 | 774 | 696 | 739 | 737 | 508 | 542 | 524 | 529 | 420 | 360 | 330 | 240 | 292 | 295 | 248 |
| Share Based Compensation | 3.1% | 148 | 144 | 134 | 125 | 103 | 100 | 101 | 98.00 | 93.00 | 86.00 | 80.00 | 76.00 | 73.00 | 70.00 | 67.00 | 67.00 | 61.00 | 58.00 | 53.00 | 48.00 | 47.00 |
| Cashflow From Investing | -32.3% | -874 | -660 | -631 | -756 | -226 | -171 | -155 | -1.90 | 1.00 | -706 | -1,234 | -1,123 | -987 | -532 | -49.50 | -767 | -779 | -543 | -608 | 15.00 | -127 |
| Cashflow From Financing | 258.8% | 263 | -165 | 365 | 332 | 283 | 145 | -387 | -352 | -263 | -32.20 | -36.90 | 312 | 329 | 334 | 343 | 487 | 485 | 486 | 486 | -1.10 | 4.00 |
| Buy Backs | 33.9% | 176 | 131 | 175 | 201 | 544 | - | 358 | 328 | 236 | - | - | - | 200 | - | - | - | - | - | - | - | - |
LITE Income Statement
2023-07-01CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Jul. 01, 2023 | Jul. 02, 2022 | Jul. 03, 2021 | |
| Income Statement [Abstract] | |||
| Net revenue | $ 1,767.0 | $ 1,712.6 | $ 1,742.8 |
| Cost of sales | 1,113.6 | 861.1 | 898.0 |
| Amortization of acquired developed intangibles | 84.4 | 62.9 | 61.7 |
| Gross profit | 569.0 | 788.6 | 783.1 |
| Operating expenses: | |||
| Research and development | 307.8 | 220.7 | 214.5 |
| Selling, general and administrative | 348.8 | 265.7 | 241.4 |
| Restructuring and related charges | 28.1 | (1.1) | 7.7 |
| Merger termination fee and related costs, net | 0.0 | 0.0 | (207.5) |
| Total operating expenses | 684.7 | 485.3 | 256.1 |
| Income (loss) from operations | (115.7) | 303.3 | 527.0 |
| Interest expense | (35.5) | (80.2) | (66.7) |
| Other income, net | 48.8 | 12.0 | 2.8 |
| Income (loss) before income taxes | (102.4) | 235.1 | 463.1 |
| Income tax provision | 29.2 | 36.2 | 65.8 |
| Net income (loss) attributable to common stockholders - Basic | (131.6) | 198.9 | 397.3 |
| Net income (loss) attributable to common stockholders - Diluted | $ (131.6) | $ 198.9 | $ 397.3 |
| Net income (loss) per share: | |||
| Basic (in dollars per share) | $ (1.93) | $ 2.79 | $ 5.27 |
| Diluted (in dollars per share) | $ (1.93) | $ 2.68 | $ 5.07 |
| Shares used to compute net income (loss) per share: | |||
| Basic (in shares) | 68.3 | 71.2 | 75.4 |
| Diluted (in shares) | 68.3 | 74.2 | 78.4 |
LITE Balance Sheet
2023-07-01CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Jul. 01, 2023 | Jul. 02, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 859.0 | $ 1,290.2 |
| Short-term investments | 1,154.6 | 1,258.8 |
| Accounts receivable, net | 246.1 | 262.0 |
| Inventories | 408.6 | 250.1 |
| Prepayments and other current assets | 109.6 | 78.1 |
| Total current assets | 2,777.9 | 3,139.2 |
| Property, plant and equipment, net | 489.5 | 360.5 |
| Operating lease right-of-use assets, net | 77.3 | 73.6 |
| Goodwill | 695.1 | 368.9 |
| Other intangible assets, net | 459.2 | 155.7 |
| Deferred tax asset | 116.3 | 27.0 |
| Other non-current assets | 16.8 | 37.3 |
| Total assets | 4,632.1 | 4,162.2 |
| Current liabilities: | ||
| Accounts payable | 169.4 | 156.7 |
| Accrued payroll and related expenses | 39.4 | 54.6 |
| Accrued expenses | 51.2 | 44.7 |
| Convertible notes, current | 311.6 | 409.9 |
| Operating lease liabilities, current | 14.4 | 11.2 |
| Other current liabilities | 47.8 | 39.4 |
| Total current liabilities | 633.8 | 716.5 |
| Convertible notes, non-current | 2,500.0 | 1,466.1 |
| Operating lease liabilities, non-current | 47.7 | 48.8 |
| Deferred tax liability | 3.4 | 12.9 |
| Other non-current liabilities | 91.4 | 42.9 |
| Total liabilities | 3,276.3 | 2,287.2 |
| Commitments and contingencies (Note 17) | ||
| Stockholders’ equity: | ||
| Common stock, $0.001 par value, 990 authorized shares; 66.4 and 68.0 shares issued and outstanding as of July 1, 2023 and July 2, 2022, respectively | 0.1 | 0.1 |
| Additional paid-in capital | 1,692.2 | 2,003.6 |
| Accumulated deficit | (340.6) | (129.1) |
| Accumulated other comprehensive income | 4.1 | 0.4 |
| Total stockholders’ equity | 1,355.8 | 1,875.0 |
| Total liabilities and stockholders’ equity | $ 4,632.1 | $ 4,162.2 |
Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates in two segments, Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables. It offers tunable transponders, transceivers, and transmitter modules; tunable lasers, receivers, and modulators; transport products, such as reconfigurable optical add/drop multiplexers, amplifiers, and optical channel monitors, as well as components, including 980nm, multi-mode, and Raman pumps; and switches, attenuators, photodetectors, gain flattening filters, isolators, wavelength-division multiplexing filters, arrayed waveguide gratings, multiplex/de-multiplexers, and integrated passive modules. This segment also provides Super Transport Blade, which integrates optical transport functions into a single-slot blade; vertical-cavity surface-emitting lasers; directly modulated and electro-absorption modulated lasers; and laser illumination sources for 3D sensing systems. It serves customers in telecommunications, data communications, and consumer and industrial markets. The Commercial Lasers segment offers diode-pumped solid-state, fiber, diode, direct-diode, and gas lasers for use in original equipment manufacturer applications. It serves customers in markets and applications, such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining. Lumentum Holdings Inc. was incorporated in 2015 and is headquartered in San Jose, California.