Mizuho Increases Lumentum (NASDAQ:LITE) Price Target to $525.00

Lumentum (NASDAQ:LITE) had its price target lifted by research analysts at Mizuho to $525.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Mizuho’s price target suggests a potential upside of 20.66% from the stock’s previous close.

A number of other equities analysts have also weighed in on LITE. Citigroup upped their price target on shares of Lumentum from $240.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Barclays lifted their target price on shares of Lumentum from $181.00 to $365.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Wall Street Zen lowered Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Needham & Company LLC boosted their price objective on Lumentum to $550.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and a consensus price target of $373.94.

Lumentum Stock Up 2.8%

Shares of LITE stock opened at $435.10 on Wednesday. The company has a 50 day simple moving average of $356.09 and a two-hundred day simple moving average of $230.90. The stock has a market cap of $30.85 billion, a P/E ratio of 292.02 and a beta of 1.51. Lumentum has a 12 month low of $45.65 and a 12 month high of $464.00. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77.

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

Insider Transactions at Lumentum

In other Lumentum news, Director Julia Suzanne Johnson sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $270.39, for a total transaction of $2,703,900.00. Following the sale, the director directly owned 12,037 shares in the company, valued at $3,254,684.43. This represents a 45.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jae Kim sold 170 shares of Lumentum stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $246.00, for a total value of $41,820.00. Following the completion of the transaction, the senior vice president owned 38,400 shares of the company’s stock, valued at approximately $9,446,400. This trade represents a 0.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 28,612 shares of company stock worth $7,317,398. 0.43% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LITE. Advisors Asset Management Inc. raised its position in Lumentum by 36.8% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after purchasing an additional 254 shares during the period. NewEdge Advisors LLC grew its stake in shares of Lumentum by 109.9% during the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock valued at $747,000 after buying an additional 6,275 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Lumentum by 9.1% in the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after buying an additional 680 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Lumentum by 14.1% in the second quarter. Janney Montgomery Scott LLC now owns 19,538 shares of the technology company’s stock worth $1,857,000 after buying an additional 2,409 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Lumentum by 50.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 16,609 shares of the technology company’s stock worth $1,579,000 after acquiring an additional 5,550 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum News Roundup

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.)

Lumentum Company Profile

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.