Morgan Stanley Increases Lumentum (NASDAQ:LITE) Price Target to $350.00

Lumentum (NASDAQ:LITE) had its price objective upped by investment analysts at Morgan Stanley from $304.00 to $350.00 in a research note issued to investors on Friday,MarketScreener reports. The firm currently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price objective indicates a potential downside of 8.24% from the stock’s previous close.

Several other equities analysts have also recently issued reports on LITE. Rosenblatt Securities raised their price target on Lumentum to $380.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Raymond James Financial downgraded Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price target on the stock. in a research note on Friday, October 31st. JPMorgan Chase & Co. boosted their price objective on shares of Lumentum from $145.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Finally, Northland Securities set a $350.00 target price on Lumentum in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Lumentum currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.06.

Lumentum Trading Down 0.9%

Lumentum stock opened at $381.44 on Friday. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37. The firm has a market capitalization of $27.04 billion, a PE ratio of 256.00 and a beta of 1.51. Lumentum has a 52 week low of $45.65 and a 52 week high of $402.79. The business’s 50-day simple moving average is $348.01 and its 200-day simple moving average is $222.45.

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

Insider Transactions at Lumentum

In other Lumentum news, insider Yuen Wupen sold 822 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total transaction of $212,865.12. Following the transaction, the insider owned 95,077 shares in the company, valued at $24,621,139.92. This represents a 0.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $1,751,904.00. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 28,612 shares of company stock worth $7,317,398. Company insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LITE. Allworth Financial LP increased its stake in shares of Lumentum by 6.4% in the 3rd quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock valued at $128,000 after purchasing an additional 47 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Lumentum by 0.4% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 15,559 shares of the technology company’s stock worth $2,532,000 after purchasing an additional 64 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Lumentum by 58.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock valued at $76,000 after buying an additional 76 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Lumentum in the fourth quarter worth approximately $28,000. Finally, UMB Bank n.a. boosted its stake in shares of Lumentum by 11.2% in the 3rd quarter. UMB Bank n.a. now owns 920 shares of the technology company’s stock valued at $150,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

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.