Lumentum (NASDAQ:LITE) Price Target Raised to $400.00

Lumentum (NASDAQ:LITE) had its price target boosted by Stifel Nicolaus from $220.00 to $400.00 in a research report report published on Thursday, MarketBeat reports. They currently have a buy rating on the technology company’s stock.

Other analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Needham & Company LLC boosted their price target on shares of Lumentum to $290.00 and gave the stock a “buy” rating in a report on Monday, November 24th. Northland Securities set a $350.00 price objective on shares of Lumentum in a research report on Wednesday, December 3rd. Mizuho set a $455.00 price objective on shares of Lumentum in a research note on Friday, January 9th. Finally, Barclays boosted their target price on Lumentum from $181.00 to $365.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $285.19.

Lumentum Price Performance

Shares of NASDAQ LITE opened at $339.19 on Thursday. The stock has a market cap of $24.05 billion, a price-to-earnings ratio of 227.65 and a beta of 1.51. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37. Lumentum has a fifty-two week low of $45.65 and a fifty-two week high of $402.79. The firm’s 50-day simple moving average is $338.45 and its 200 day simple moving average is $215.66.

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

Insider Activity at Lumentum

In related news, Director Isaac Hosojiro Harris sold 7,200 shares of Lumentum stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $243.32, for a total value of $1,751,904.00. Following the sale, the director owned 9,764 shares of the company’s stock, valued at approximately $2,375,776.48. The trade was a 42.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jae Kim sold 170 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $246.00, for a total value of $41,820.00. Following the transaction, the senior vice president directly owned 38,400 shares of the company’s stock, valued at approximately $9,446,400. This trade represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,612 shares of company stock worth $7,317,398 over the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FengHe Fund Management Pte. Ltd. bought a new stake in shares of Lumentum in the 3rd quarter worth approximately $71,771,000. Pacer Advisors Inc. bought a new position in shares of Lumentum during the third quarter valued at approximately $1,512,000. Leeward Investments LLC MA lifted its stake in Lumentum by 14.8% in the second quarter. Leeward Investments LLC MA now owns 516,431 shares of the technology company’s stock worth $49,092,000 after acquiring an additional 66,541 shares during the period. Global Trust Asset Management LLC bought a new stake in Lumentum in the third quarter valued at $1,942,000. Finally, Braun Stacey Associates Inc. purchased a new position in Lumentum during the 3rd quarter valued at $15,125,000. 94.05% of the stock is currently owned by institutional investors.

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.