Lumentum (NASDAQ:LITE) Given New $1,200.00 Price Target at Northland Securities

Posted by Mark Dietrich on Jun 3rd, 2026

Lumentum (NASDAQ:LITE – Get Free Report) had its price objective boosted by equities research analysts at Northland Securities from $1,000.00 to $1,200.00 in a research report issued on Wednesday,MarketScreener reports. The firm currently has an “outperform” rating on the technology company’s stock. Northland Securities’ target price suggests a potential upside of 16.60% from the stock’s current price.

LITE has been the topic of a number of other research reports. Bank of America upped their price objective on shares of Lumentum to $520.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Jefferies Financial Group restated a “buy” rating and issued a $1,200.00 price target on shares of Lumentum in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lumentum in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lifted their price objective on Lumentum from $950.00 to $1,130.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lumentum presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.95.

View Our Latest Report on LITE

Lumentum Price Performance

LITE opened at $1,029.15 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The company has a market cap of $80.07 billion, a price-to-earnings ratio of 190.58 and a beta of 1.47. The stock has a fifty day simple moving average of $865.06 and a two-hundred day simple moving average of $590.51. Lumentum has a 12-month low of $75.62 and a 12-month high of $1,085.68.

Lumentum (NASDAQ:LITE – Get Free Report) last released its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The firm had revenue of $808.40 million for the quarter, compared to the consensus estimate of $810.21 million. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company’s revenue was up 90.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Research analysts predict that Lumentum will post 6.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lumentum news, Director Brian Lillie sold 11,951 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $981.64, for a total transaction of $11,731,579.64. Following the sale, the director directly owned 13,959 shares in the company, valued at approximately $13,702,712.76. This trade represents a 46.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian Small sold 4,954 shares of Lumentum stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $868.07, for a total value of $4,300,418.78. Following the completion of the sale, the director directly owned 21,008 shares of the company’s stock, valued at approximately $18,236,414.56. The trade was a 19.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 39,844 shares of company stock worth $37,443,107 in the last three months. Corporate insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Lumentum

A number of hedge funds have recently bought and sold shares of LITE. Vanguard Group Inc. lifted its stake in Lumentum by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock valued at $1,217,930,000 after acquiring an additional 41,975 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Lumentum by 18.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock valued at $683,661,000 after purchasing an additional 291,591 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Lumentum by 9.6% during the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock valued at $521,563,000 after purchasing an additional 123,265 shares during the last quarter. Situational Awareness LP lifted its position in Lumentum by 210.9% during the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after purchasing an additional 880,800 shares during the period. Finally, Norges Bank bought a new stake in Lumentum in the 4th quarter worth approximately $474,495,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: Nvidia’s commentary on the need for optical interconnects in AI data centers has strengthened the investment case for Lumentum as a photonics supplier benefiting from AI infrastructure spending. Nvidia Optics Shift Puts Lumentum At Center Of AI Data Centers
Positive Sentiment: Traders reacted to a bullish “Power Inflow” signal, which suggests strong buying interest and helped reinforce the recent breakout in Lumentum shares. Lumentum Shares Rise Over 7 Percent After Key Trading Signal
Positive Sentiment: Analysts and market commentary pointed to improving AI laser-chip momentum, including record EML shipments and stronger 200G demand, which could support future revenue growth. Lumentum’s AI Laser Chip Momentum Builds: More Upside Ahead?
Positive Sentiment: Broader optimism across optical networking stocks, including Lumentum, has added momentum as investors bet AI data center spending will continue to accelerate. Why Lumentum, Coherent and other optical stocks are rocketing toward big gains
Neutral Sentiment: A director sold 4,000 shares in a pre-arranged Rule 10b5-1 plan, which is worth noting but does not necessarily signal a change in fundamentals. Lumentum (NASDAQ:LITE) Director Isaac Hosojiro Harris Sells 4,000 Shares of Stock

Lumentum Company Profile

(Get Free Report)

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.