Lumentum (NASDAQ:LITE) Price Target Raised to $850.00

Lumentum (NASDAQ:LITE) had its price target raised by Needham & Company LLC to $850.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

LITE has been the subject of a number of other research reports. UBS Group upped their price objective on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Mizuho upped their price target on Lumentum to $645.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Rosenblatt Securities raised their price objective on Lumentum to $580.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, Citigroup boosted their price objective on Lumentum to $560.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and a consensus target price of $513.94.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $558.44 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The stock has a market capitalization of $39.87 billion, a price-to-earnings ratio of 171.30 and a beta of 1.38. The firm’s 50 day simple moving average is $482.89 and its 200-day simple moving average is $310.72. Lumentum has a 12 month low of $45.65 and a 12 month high of $783.80.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm had revenue of $665.50 million during the quarter, compared to analysts’ expectations of $646.74 million. During the same period in the previous year, the business posted $0.42 EPS. The business’s revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Analysts expect that Lumentum will post 0.03 EPS for the current year.

Insider Transactions at Lumentum

In other Lumentum news, insider Vincent Retort sold 3,441 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the completion of the sale, the insider directly owned 95,975 shares in the company, valued at approximately $52,381,235.50. The trade was a 3.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Wajid Ali sold 5,302 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the transaction, the chief financial officer owned 66,287 shares in the company, valued at approximately $45,812,934.31. This trade represents a 7.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 65,775 shares of company stock valued at $38,851,343. 0.43% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lumentum

Several institutional investors and hedge funds have recently added to or reduced their stakes in LITE. Hsbc Holdings PLC grew its holdings in shares of Lumentum by 6,239.0% during the fourth quarter. Hsbc Holdings PLC now owns 194,163 shares of the technology company’s stock worth $71,724,000 after buying an additional 191,100 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Lumentum during the fourth quarter worth about $1,136,000. Caitong International Asset Management Co. Ltd grew its stake in Lumentum by 46,666.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 8,418 shares of the technology company’s stock valued at $3,103,000 after acquiring an additional 8,400 shares in the last quarter. Reflection Asset Management purchased a new stake in Lumentum during the 4th quarter valued at about $59,000. Finally, MidFirst Bank acquired a new stake in Lumentum in the 4th quarter valued at about $84,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Company reported strong Q2 results and aggressive forward revenue guidance (management guided roughly $780–$830M next quarter) and highlighted accelerating AI infrastructure demand; NVIDIA committed ~$2B and multi‑year supply deals that validate lasers/optics as strategic AI infrastructure and support higher margins and backlog (optical circuit switch backlog >$400M). Lumentum’s Massive Run Now Faces A Reality Check
• Positive Sentiment: Major broker notes and analyst commentary have turned bullish, citing the company’s AI exposure and improving fundamentals as reasons for upside. Upgraded/positive analyst commentary can sustain interest from institutional buyers. Analysts Are Bullish on Top Technology Stocks: Jack Henry & Associates (JKHY), Lumentum Holdings (LITE)
• Positive Sentiment: Market pieces note the rally and AI narrative driving momentum—coverage pointing out that LITE is up materially since earnings, which supports continued investor interest and momentum flows. Lumentum Holdings Inc. (LITE) Rallies on AI-Driven Growth Enthusiasm
• Neutral Sentiment: Several analytical/summary articles explain why LITE has climbed (earnings beat, guidance, pipeline) and review estimates — useful for context but not new catalysts. These pieces highlight momentum and valuation questions. Why Is Lumentum (LITE) Up 46.2% Since Last Earnings Report?
• Negative Sentiment: Industry/competitive news: Broadcom’s moves supporting attached copper optics helped some competitors (e.g., Credo) gain, while Lumentum and peers saw near‑term weakness—this raises the risk of product/competitive pressure in certain segments. Credo rises, Lumentum, Coherent fall, as Broadcom puts weight behind attached copper
• Negative Sentiment: Insider selling was reported recently and has already been linked with a share price pullback; large insider transactions can trigger short‑term selling and signal near‑term liquidity/positioning shifts. Lumentum (NASDAQ:LITE) Shares Down 11.2% on Insider Selling

Lumentum Company Profile

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.