Lumentum (NASDAQ:LITE) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Lumentum (NASDAQ:LITE) from a hold rating to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

LITE has been the subject of a number of other reports. Morgan Stanley reaffirmed a “cautious” rating and issued a $190.00 price objective on shares of Lumentum in a research note on Wednesday, November 5th. Susquehanna boosted their price target on shares of Lumentum from $140.00 to $190.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. KGI Securities started coverage on shares of Lumentum in a research note on Monday, August 18th. They set an “outperform” rating on the stock. Raymond James Financial lowered shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective on the stock. in a report on Friday, October 31st. Finally, UBS Group increased their target price on Lumentum from $78.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $208.75.

Lumentum Price Performance

Lumentum stock opened at $302.98 on Tuesday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The stock has a market cap of $21.48 billion, a price-to-earnings ratio of 203.34 and a beta of 1.53. The firm has a 50-day moving average of $212.19 and a two-hundred day moving average of $145.03. Lumentum has a 1 year low of $45.65 and a 1 year high of $325.46.

Lumentum (NASDAQ:LITE) last issued its earnings results 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 business had revenue of $533.80 million for the quarter, compared to analyst estimates of $525.10 million. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The company’s quarterly revenue was up 58.4% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, research analysts forecast that Lumentum will post 0.03 earnings per share for the current year.

Insider Activity at Lumentum

In other Lumentum news, SVP Jae Kim sold 1,367 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $234.14, for a total value of $320,069.38. Following the sale, the senior vice president directly owned 38,570 shares of the company’s stock, valued at approximately $9,030,779.80. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pamela Fletcher sold 3,421 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total value of $935,746.13. Following the sale, the director owned 10,561 shares in the company, valued at $2,888,750.33. This trade represents a 24.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,612 shares of company stock valued at $7,317,398 over the last ninety days. Corporate insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its stake in Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after acquiring an additional 131 shares during the period. Danske Bank A S purchased a new position in Lumentum during the third quarter valued at $33,000. FNY Investment Advisers LLC acquired a new stake in shares of Lumentum in the second quarter valued at about $38,000. SVB Wealth LLC purchased a new stake in shares of Lumentum during the first quarter worth about $40,000. Finally, MAI Capital Management increased its stake in shares of Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after purchasing an additional 96 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

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.