Lumentum (NASDAQ:LITE) Price Target Raised to $420.00

by · The Cerbat Gem

Lumentum (NASDAQ:LITE – Free Report) had its price target raised by Susquehanna from $230.00 to $420.00 in a report issued on Thursday, Marketbeat reports. They currently have a positive rating on the technology company’s stock.

Other equities research analysts have also issued reports about the stock. Northland Securities set a $350.00 price objective on shares of Lumentum in a report on Wednesday, December 3rd. Barclays increased their target price on Lumentum from $181.00 to $365.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Wolfe Research reissued an “outperform” rating and issued a $240.00 price target on shares of Lumentum in a research note on Wednesday, November 5th. Stifel Nicolaus boosted their price target on Lumentum from $220.00 to $400.00 and gave the company a “buy” rating in a report on Thursday. Finally, Mizuho set a $455.00 price objective on Lumentum in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $285.19.

Read Our Latest Research Report on LITE

Lumentum Stock Performance

Shares of Lumentum stock opened at $339.19 on Thursday. The stock’s fifty day simple moving average is $338.45 and its 200 day simple moving average is $215.66. 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 company has a market capitalization of $24.05 billion, a PE ratio of 227.65 and a beta of 1.51. Lumentum has a 12 month low of $45.65 and a 12 month high of $402.79.

Lumentum (NASDAQ:LITE – Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.07. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.The company had revenue of $533.80 million during the quarter, compared to the consensus estimate of $525.10 million. During the same period in the prior year, the company earned $0.18 earnings per share. The company’s revenue for the quarter was up 58.4% compared to the same quarter last year. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, research analysts predict that Lumentum will post 0.03 EPS for the current year.

Insider Activity

In other news, Director Julia Suzanne Johnson sold 10,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the director owned 12,037 shares of the company’s stock, valued at approximately $3,254,684.43. This represents a 45.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Matthew Joseph Sepe sold 4,232 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $239.63, for a total transaction of $1,014,114.16. Following the completion of the transaction, the chief accounting officer directly owned 43,544 shares of the company’s stock, valued at $10,434,448.72. This represents a 8.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 28,612 shares of company stock valued at $7,317,398. Corporate insiders own 0.43% of the company’s stock.

Institutional Trading of Lumentum

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Lumentum by 0.6% during the third quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock worth $1,217,930,000 after acquiring an additional 41,975 shares during the last quarter. Hood River Capital Management LLC increased its stake in shares of Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after purchasing an additional 994,551 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Lumentum by 8,579.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock worth $254,350,000 after purchasing an additional 1,545,199 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Lumentum by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,260,940 shares of the technology company’s stock worth $119,884,000 after purchasing an additional 10,027 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Lumentum by 4.4% in the 3rd quarter. Alliancebernstein L.P. now owns 1,085,119 shares of the technology company’s stock valued at $176,560,000 after purchasing an additional 45,953 shares during the period. 94.05% of the stock is owned by institutional investors.

Lumentum Company Profile

(Get Free Report)

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.

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