Mizuho Issues Positive Forecast for Lumentum (NASDAQ:LITE) Stock Price

Lumentum (NASDAQ:LITE) had its price objective upped by Mizuho to $525.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other brokerages have also weighed in on LITE. Wall Street Zen lowered Lumentum from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Needham & Company LLC raised their price target on shares of Lumentum to $550.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target 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. Rosenblatt Securities increased their price objective on shares of Lumentum to $580.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Stifel Nicolaus boosted their target price on Lumentum from $220.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $373.94.

Lumentum Trading Up 2.8%

LITE stock opened at $435.10 on Wednesday. Lumentum has a 12-month low of $45.65 and a 12-month high of $464.00. The business’s 50-day moving average is $356.09 and its 200 day moving average is $230.90. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77. The stock has a market cap of $30.85 billion, a price-to-earnings ratio of 292.02 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. The business had revenue of $665.50 million during the quarter, compared to analysts’ expectations of $646.74 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The business’s revenue was up 65.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, sell-side analysts anticipate that Lumentum will post 0.03 EPS for the current fiscal year.

Insider Transactions at Lumentum

In other news, Director Pamela Fletcher sold 3,421 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total value of $935,746.13. Following the transaction, the director owned 10,561 shares of the company’s stock, valued at $2,888,750.33. This represents a 24.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Julia Suzanne Johnson sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 12,037 shares of the company’s stock, valued at $3,254,684.43. The trade was a 45.38% 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 in the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q2 results materially beat estimates — reported EPS $1.67 vs. consensus $1.41 and revenue $665.5M (up ~65% YoY), driving the initial rally after the print. Read More.
• Positive Sentiment: Management raised Q3 FY2026 guidance sharply: EPS guide $2.15–$2.35 vs. street ~$1.39 and revenue guide $780–$830M vs. ~$701.6M consensus — signals continued demand and margin leverage. Read More.
• Positive Sentiment: Analyst upgrades and price‑target raises ahead of and after the earnings boosted momentum, contributing to further upside in the share price. Read More.
• Neutral Sentiment: Full earnings presentation and management commentary are available (useful for assessing revenue mix, end-market drivers, and margin details). Read More.
• Neutral Sentiment: Call transcript provides color on demand trends, supply dynamics and sustainability of the margin expansion—worth reading to judge whether guidance is achievable. Read More.
• Negative Sentiment: Valuation and leverage remain potential risk factors — the stock is trading at a high P/E and the company carries meaningful debt (investors should weigh growth/guidance vs. high multiple and D/E). (Background data: P/E and D/E metrics provided in trading summary.)

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.