Lumentum (NASDAQ:LITE) Price Target Raised to $1,130.00

Lumentum (NASDAQ:LITE) had its target price boosted by JPMorgan Chase & Co. from $950.00 to $1,130.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm currently has an overweight rating on the technology company’s stock.

Several other research analysts have also recently commented on the stock. Susquehanna upped their target price on shares of Lumentum from $550.00 to $1,100.00 and gave the stock a “positive” rating in a research report on Monday, April 20th. Bank of America upped their target price on shares of Lumentum to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Barclays upped their target price on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Wednesday. UBS Group upped their target price on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, Stifel Nicolaus upped their target price on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $1,003.75.

Lumentum Price Performance

NASDAQ LITE opened at $903.12 on Wednesday. Lumentum has a 52 week low of $63.98 and a 52 week high of $1,021.00. The company has a current ratio of 1.14, a quick ratio of 0.45 and a debt-to-equity ratio of 0.01. The stock has a market cap of $70.26 billion, a price-to-earnings ratio of 167.24 and a beta of 1.53. The company has a 50-day moving average price of $776.13 and a two-hundred day moving average price of $502.93.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The firm had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. During the same quarter in the prior year, the firm earned $0.57 EPS. Lumentum’s quarterly revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Analysts forecast that Lumentum will post 5.95 EPS for the current year.

Insider Activity at Lumentum

In other news, Director Penny Herscher sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $597.29, for a total value of $2,389,160.00. Following the completion of the sale, the director directly owned 2,057 shares of the company’s stock, valued at approximately $1,228,625.53. This represents a 66.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Yuen Wupen sold 3,157 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the completion of the sale, the insider directly owned 88,439 shares of the company’s stock, valued at approximately $47,580,182. This represents a 3.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 60,926 shares of company stock valued at $36,254,801. 0.43% of the stock is currently owned by insiders.

Institutional Trading of Lumentum

Several institutional investors and hedge funds have recently added to or reduced their stakes in LITE. Federated Hermes Inc. raised its holdings in shares of Lumentum by 7,168.8% during the third quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock valued at $58,958,000 after acquiring an additional 357,367 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Lumentum during the fourth quarter valued at approximately $6,755,000. FengHe Fund Management Pte. Ltd. acquired a new stake in shares of Lumentum during the third quarter valued at approximately $71,771,000. Headwater Capital Co Ltd acquired a new stake in shares of Lumentum during the third quarter valued at approximately $20,339,000. Finally, Estate Counselors LLC acquired a new stake in shares of Lumentum during the fourth quarter valued at approximately $4,239,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum reported fiscal Q3 earnings that beat estimates, with revenue up 90% year over year on strong cloud and AI demand; the company also said 1.6T transceiver shipments are set to ramp in fiscal Q4. Article Title
• Positive Sentiment: Several analysts turned constructive on Lumentum, including Craig Hallum raising its price target to $1,150, Barclays lifting its target to $1,000, Loop Capital boosting its target to $1,400, and Rothschild Redburn initiating coverage with a Buy rating and a $1,270 target.
• Positive Sentiment: Other note writers, including JPMorgan and BNP Paribas Exane, also issued upbeat outlooks, reinforcing the view that demand is exceeding supply and that the company remains well positioned in AI and cloud optics.
• Neutral Sentiment: One market report said the stock was among several technology names with conflicted analyst views, suggesting investors are still weighing valuation against growth expectations. Article Title
• Negative Sentiment: Despite the strong fundamentals, Lumentum shares slipped intraday as the AI optics trade cooled, with peers like Coherent and Applied Optoelectronics also falling sharply, pointing to sector profit-taking rather than company-specific weakness. Article Title

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.