Q3 EPS Estimates for Lumentum Raised by Northland Securities

Lumentum Holdings Inc. (NASDAQ:LITE) – Northland Securities increased their Q3 2026 EPS estimates for shares of Lumentum in a report released on Wednesday, February 4th. Northland Securities analyst T. Savageaux now forecasts that the technology company will post earnings per share of $1.80 for the quarter, up from their previous forecast of $1.04. The consensus estimate for Lumentum’s current full-year earnings is $0.03 per share. Northland Securities also issued estimates for Lumentum’s Q4 2026 earnings at $1.99 EPS and FY2026 earnings at $5.50 EPS.

LITE has been the topic of a number of other reports. Needham & Company LLC raised their price target on Lumentum to $550.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Stifel Nicolaus raised their target price on Lumentum to $480.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Rosenblatt Securities boosted their target price on Lumentum to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. B.Riley Securit upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, Mizuho raised their price objective on shares of Lumentum to $525.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $444.94.

Lumentum Price Performance

Lumentum stock opened at $561.13 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The company has a fifty day simple moving average of $378.03 and a 200-day simple moving average of $246.02. The stock has a market cap of $40.06 billion, a P/E ratio of 172.13 and a beta of 1.51. Lumentum has a 12-month low of $45.65 and a 12-month high of $599.50.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.26. The company 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 17.27% and a net margin of 11.95%.Lumentum’s revenue was up 65.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS.

Hedge Funds Weigh In On Lumentum

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 41,975 shares during the last quarter. Hood River Capital Management LLC increased its stake in Lumentum by 82.1% in the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock valued at $209,745,000 after buying an additional 994,551 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Lumentum by 8,579.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after buying an additional 1,545,199 shares during the period. Geode Capital Management LLC raised its position in Lumentum by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock worth $521,563,000 after buying an additional 123,265 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Lumentum in the 4th quarter worth $474,495,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Buying and Selling at Lumentum

In related news, insider Yuen Wupen sold 822 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total transaction of $212,865.12. Following the completion of the sale, the insider owned 95,077 shares in the company, valued at $24,621,139.92. This represents a 0.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pamela Fletcher sold 3,421 shares of Lumentum stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total transaction of $935,746.13. Following the completion of the transaction, the director owned 10,561 shares in the company, valued at approximately $2,888,750.33. This represents a 24.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,029 shares of company stock worth $4,444,022 in the last quarter. 0.43% of the stock is currently owned by company insiders.

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.