Lumentum (NASDAQ:LITE) Price Target Raised to $147.00

Lumentum (NASDAQ:LITE) had its price target raised by B. Riley from $83.00 to $147.00 in a report published on Wednesday, Marketbeat reports. The firm currently has a neutral rating on the technology company’s stock. B. Riley also issued estimates for Lumentum’s Q1 2027 earnings at $1.33 EPS, Q2 2027 earnings at $1.45 EPS, Q3 2027 earnings at $1.50 EPS, Q4 2027 earnings at $1.62 EPS and FY2027 earnings at $5.91 EPS.

Several other analysts have also commented on the company. KGI Securities began coverage on Lumentum in a report on Monday, August 18th. They set an “outperform” rating on the stock. Barclays reaffirmed an “equal weight” rating and set a $165.00 price objective on shares of Lumentum in a research note on Monday, October 20th. JPMorgan Chase & Co. increased their price target on shares of Lumentum from $145.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Morgan Stanley restated a “cautious” rating and set a $190.00 price target on shares of Lumentum in a research report on Wednesday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Lumentum in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.67.

Lumentum Stock Performance

NASDAQ LITE traded up $0.43 on Wednesday, hitting $240.11. 5,614,331 shares of the company’s stock traded hands, compared to its average volume of 4,074,843. The firm has a market capitalization of $17.02 billion, a PE ratio of 161.15 and a beta of 1.48. Lumentum has a 1-year low of $45.65 and a 1-year high of $258.35. The firm’s 50-day moving average price is $169.80 and its two-hundred day moving average price is $118.37. The company has a current ratio of 1.37, a quick ratio of 3.18 and a debt-to-equity ratio of 2.77.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The company had revenue of $533.80 million during the quarter, compared to the consensus estimate of $525.10 million. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The firm’s quarterly revenue was up 58.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. As a group, analysts expect that Lumentum will post 0.03 EPS for the current year.

Insider Buying and Selling at Lumentum

In other news, insider Yuen Wupen sold 3,281 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $124.86, for a total transaction of $409,665.66. Following the completion of the sale, the insider owned 101,273 shares of the company’s stock, valued at $12,644,946.78. This represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Wajid Ali sold 2,526 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $124.39, for a total transaction of $314,209.14. Following the completion of the transaction, the chief financial officer directly owned 77,087 shares in the company, valued at approximately $9,588,851.93. This represents a 3.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 18,198 shares of company stock worth $2,180,887. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

Several hedge funds and other institutional investors have recently made changes to their positions in LITE. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Lumentum during the first quarter worth about $25,000. FNY Investment Advisers LLC acquired a new stake in Lumentum during the 2nd quarter worth approximately $38,000. SVB Wealth LLC purchased a new position in Lumentum in the 1st quarter valued at approximately $40,000. MAI Capital Management grew its stake in shares of Lumentum by 27.0% in the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after acquiring an additional 96 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Lumentum during the third quarter worth $49,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Company Profile

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 through 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.