Lumentum (NASDAQ:LITE) Given “Buy” Rating at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Lumentum (NASDAQ:LITE) in a research report sent to investors on Monday,Benzinga reports. They currently have a $1,300.00 price target on the technology company’s stock.

Several other research firms have also recently commented on LITE. Wolfe Research restated an “outperform” rating on shares of Lumentum in a report on Friday, August 21st. Sanford C. Bernstein assumed coverage on Lumentum in a report on Wednesday, September 30th. They set an “outperform” rating and a $1,220.00 price objective for the company. Mizuho increased their target price on Lumentum from $1,100.00 to $1,140.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Morgan Stanley lifted their target price on Lumentum from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. Finally, Citigroup upped their price target on Lumentum from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,078.75.

Lumentum Trading Up 0.6%

Shares of Lumentum stock opened at $1,091.67 on Monday. Lumentum has a 1 year low of $147.81 and a 1 year high of $1,124.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The business has a 50 day moving average price of $888.99 and a 200 day moving average price of $860.47. The company has a market capitalization of $97.92 billion, a P/E ratio of -13.28 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.26. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $987.70 million. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%.The business’s revenue for the quarter was up 109.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Sell-side analysts anticipate that Lumentum will post 19.78 EPS for the current fiscal year.

Insider Activity at Lumentum

In related news, CEO Michael E. Hurlston sold 548 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $958.66, for a total transaction of $525,345.68. Following the sale, the chief executive officer directly owned 186,951 shares in the company, valued at approximately $179,222,445.66. This trade represents a 0.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jae Kim sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $852.58, for a total value of $10,230,960.00. Following the transaction, the senior vice president directly owned 37,804 shares in the company, valued at $32,230,934.32. This trade represents a 24.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 94,496 shares of company stock valued at $85,978,498 over the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Institutional Trading of Lumentum

Several large investors have recently bought and sold shares of LITE. Financiere des Professionnels Fonds d investissement inc. bought a new stake in Lumentum in the first quarter valued at about $2,046,000. Styrax Capital LP lifted its holdings in Lumentum by 3.6% during the 1st quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock worth $98,386,000 after buying an additional 4,837 shares during the last quarter. Whittier Trust Co. lifted its holdings in Lumentum by 21,806.5% during the 1st quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock worth $57,183,000 after buying an additional 73,706 shares during the last quarter. Swiss National Bank grew its position in shares of Lumentum by 47.2% in the 1st quarter. Swiss National Bank now owns 208,015 shares of the technology company’s stock worth $146,185,000 after acquiring an additional 66,700 shares in the last quarter. Finally, Patton Fund Management Inc. acquired a new position in shares of Lumentum in the 1st quarter worth approximately $5,201,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $1,300 price target, implying additional upside from recent levels. Lumentum Given Buy Rating at Rosenblatt Securities
• Positive Sentiment: Stifel Nicolaus raised its price target from $1,100 to $1,232 and assigned a Buy rating, citing a more favorable outlook for the company. Lumentum Stock Gets Price Target Bump from Stifel Nicolaus
• Positive Sentiment: Lumentum reached a new high and a technical buy point, reflecting strong investor momentum around its position as an AI infrastructure supplier. AI Leader Lumentum Hits Buy Point
• Positive Sentiment: Coverage continues to highlight soaring demand for Lumentum’s optical products from AI data centers and cloud-computing customers. Nvidia-related developments have provided an additional AI growth catalyst. Nvidia Gave Lumentum a New AI Catalyst
• Positive Sentiment: Recent quarterly results showed revenue growth of 109.3% year over year to $1.01 billion, while adjusted earnings exceeded consensus expectations. The results reinforce the fundamental case for the rally. Lumentum Revenue Jumps 109.3 Percent
• Neutral Sentiment: Lumentum announced the reporting date for its fiscal first-quarter 2027 results. The upcoming release could provide a fresh catalyst by showing whether AI-driven demand and current guidance are being sustained. Lumentum Announces Fiscal First-Quarter Reporting Date
• Negative Sentiment: Analysts note that the stock is testing crucial resistance near its all-time high, while valuation concerns remain a key debate after its sharp advance. A failure to break through resistance could lead to profit-taking. Lumentum Stock Hits Crucial Resistance

About Lumentum

Lumentum Holdings Inc is a photonics and optical technology company that develops and manufactures products used to transmit, process and manage light. Its solutions support communications networks, data centers, cloud computing infrastructure, industrial applications, and other technology markets that rely on high-speed optical connectivity and precision lasers.

The company’s product portfolio includes optical components and modules for telecommunications and networking, lasers and laser systems, optical amplifiers, wavelength-management products, and photonic subsystems.