Lumentum (NASDAQ:LITE) Stock Rating Upgraded by B. Riley Securities

Lumentum (NASDAQ:LITE) was upgraded by stock analysts at B. Riley Securities from a “neutral” rating to a “buy” rating in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a $526.00 target price on the technology company’s stock, up from their previous target price of $147.00. B. Riley Securities’ target price suggests a potential downside of 4.63% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Needham & Company LLC lifted their target price on Lumentum to $550.00 and gave the company a “buy” rating in a research report on Wednesday. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Lumentum in a report on Monday, December 29th. Stifel Nicolaus lifted their price target on shares of Lumentum to $480.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Rosenblatt Securities increased their price objective on shares of Lumentum to $580.00 and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $444.94.

Lumentum Stock Performance

Shares of LITE traded up $47.10 on Wednesday, reaching $551.52. The company’s stock had a trading volume of 5,993,730 shares, compared to its average volume of 5,242,785. The stock’s 50 day simple moving average is $363.15 and its two-hundred day simple moving average is $234.43. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 1.02. The stock has a market capitalization of $39.10 billion, a P/E ratio of 169.18 and a beta of 1.51. Lumentum has a 12-month low of $45.65 and a 12-month high of $558.38.

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

Insider Transactions at Lumentum

In related news, insider Yuen Wupen sold 822 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $258.96, for a total transaction of $212,865.12. Following the completion of the transaction, the insider directly owned 95,077 shares of the company’s stock, valued at approximately $24,621,139.92. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julia Suzanne Johnson sold 10,000 shares of Lumentum stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $270.39, for a total value of $2,703,900.00. Following the completion of the sale, the director directly owned 12,037 shares in the company, valued at approximately $3,254,684.43. The trade was a 45.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,180 shares of company stock valued at $4,551,380 over the last three months. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

A number of hedge funds have recently bought and sold shares of LITE. EverSource Wealth Advisors LLC grew its stake in shares of Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Lumentum during the fourth quarter worth approximately $28,000. Danske Bank A S bought a new stake in Lumentum during the third quarter worth approximately $33,000. Chesapeake Asset Management LLC purchased a new stake in Lumentum during the fourth quarter valued at approximately $37,000. Finally, BOCHK Asset Management Ltd bought a new stake in shares of Lumentum in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Company reported strong Q2 results (beat EPS and revenue) and raised near‑term outlook — investors are pricing in sustained demand after a sizable quarter and guidance that supports further upside. Lumentum Shares Gap Up Following Strong Earnings
• Positive Sentiment: Multiple broker upgrades and higher price targets: JPMorgan raised its PT to $565 and moved to Overweight; Citigroup raised PT to $560 and reiterated Buy; B. Riley also upgraded the stock — these endorsements help sustain buying momentum. Analyst Upgrades / JPMorgan Citigroup PT Raise
• Positive Sentiment: Macro demand tailwind: coverage highlights that huge capex from hyperscalers is driving outsized demand for optical networking gear — Lumentum is positioned to benefit as a major supplier of lasers and transceivers. Capex Explosion Story
• Positive Sentiment: Street model revisions: Northland published a very bullish FY2027 EPS estimate (large increase vs. prior consensus), signaling some analysts see much higher multi‑year earnings power — this can lift forward multiples and investor sentiment. (source: analyst note)
• Neutral Sentiment: Additional context & investor interest: pieces on why Lumentum is a high‑growth business and the company’s earnings call transcript are circulating — useful for investors doing deeper due diligence but less immediate market moving than results/upgrades. What Makes Lumentum a High‑Growth Business Earnings Call Transcript

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.