Lumentum (NASDAQ:LITE) Hits New 1-Year High After Analyst Upgrade

Lumentum Holdings Inc. (NASDAQ:LITE)’s share price hit a new 52-week high on Wednesday after Mizuho raised their price target on the stock to $645.00. Mizuho currently has an outperform rating on the stock. Lumentum traded as high as $616.52 and last traded at $600.42, with a volume of 5616126 shares traded. The stock had previously closed at $562.74.

Several other brokerages have also commented on LITE. Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a research report on Monday, December 29th. Raymond James Financial cut Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price target on the stock. in a report on Friday, October 31st. Citigroup lifted their price objective on shares of Lumentum to $560.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Morgan Stanley increased their target price on shares of Lumentum to $350.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Finally, Bank of America raised their price target on shares of Lumentum to $520.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $447.38.

Insider Buying and Selling at Lumentum

In related news, insider Yuen Wupen sold 3,157 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the sale, the insider owned 88,439 shares in the company, valued at $47,580,182. This represents a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Penny Herscher sold 4,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $597.29, for a total transaction of $2,389,160.00. Following the completion of the transaction, the director directly owned 2,057 shares in the company, valued at approximately $1,228,625.53. The trade was a 66.04% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 60,473 shares of company stock worth $35,186,972. 0.43% of the stock is owned by corporate insiders.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Mizuho raised its price target to $645 and maintained an “outperform” rating, signaling analyst conviction in further upside from current levels. Read More.
• Positive Sentiment: Seeking Alpha published a bullish thesis (“AI’s Hidden Bottleneck Winner”) arguing Lumentum is well-positioned as a critical supplier for AI infrastructure, citing strong demand, margin expansion and operating leverage as growth drivers. Read More.
• Positive Sentiment: News outlets reported Lumentum hitting a new 12‑month / all‑time high after analyst upgrades, which likely attracted momentum buying ahead of the pullback. Read More.
• Neutral Sentiment: Broader media coverage called out the stock’s recent highs and updated targets, increasing visibility but not adding new fundamental data. Read More.
• Negative Sentiment: Insider sale — Vincent Retort sold 3,441 shares at an average price of $545.78 (~$1.88M); his holdings fell ~3.46%. The Form 4 is filed with the SEC. Read More.
• Negative Sentiment: Insider sale — Yuen Wupen sold 3,157 shares at $538.00 (~$1.70M); holdings decreased ~3.45%. That transaction is also disclosed with the SEC. Read More.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LITE. Parallel Advisors LLC raised its position in Lumentum by 16.0% in the 4th quarter. Parallel Advisors LLC now owns 326 shares of the technology company’s stock valued at $120,000 after buying an additional 45 shares during the last quarter. Allworth Financial LP boosted its holdings in Lumentum by 6.4% during the 3rd quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock worth $128,000 after acquiring an additional 47 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Lumentum by 5.2% in the 4th quarter. UMB Bank n.a. now owns 968 shares of the technology company’s stock worth $357,000 after acquiring an additional 48 shares in the last quarter. Truvestments Capital LLC grew its stake in shares of Lumentum by 300.0% in the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after acquiring an additional 57 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Lumentum by 0.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company’s stock valued at $5,208,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

The company has a market capitalization of $42.43 billion, a P/E ratio of 182.29 and a beta of 1.51. The business’s 50-day moving average is $406.96 and its two-hundred day moving average is $264.82. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. During the same period in the prior year, the firm posted $0.42 EPS. The firm’s quarterly 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. As a group, analysts predict that Lumentum Holdings Inc. will post 0.03 earnings per share for the current year.

About Lumentum

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.