Lumentum (NASDAQ:LITE) Price Target Raised to $1,100.00

Lumentum (NASDAQ:LITE) had its price objective increased by Susquehanna from $550.00 to $1,100.00 in a research note released on Monday,MarketScreener reports. They currently have a positive rating on the technology company’s stock.

A number of other brokerages have also recently commented on LITE. TD Cowen raised their price target on Lumentum from $675.00 to $875.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Bank of America upped their price target on shares of Lumentum to $520.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Mizuho upped their price target on shares of Lumentum from $750.00 to $930.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Stifel Nicolaus upped their price target on shares of Lumentum to $800.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Morgan Stanley upped their price target on shares of Lumentum to $595.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $757.25.

Lumentum Trading Up 4.4%

Shares of LITE stock opened at $873.60 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 stock has a market cap of $62.38 billion, a P/E ratio of 267.98 and a beta of 1.38. The stock has a 50 day simple moving average of $728.12 and a 200 day simple moving average of $454.81. Lumentum has a 1 year low of $55.00 and a 1 year high of $960.00.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The company had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. During the same quarter last year, the business earned $0.42 earnings per share. Lumentum’s revenue was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, research analysts predict that Lumentum will post 5.87 earnings per share for the current fiscal year.

Insider Activity at Lumentum

In other news, insider Yuen Wupen sold 3,157 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the completion of the transaction, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Wajid Ali sold 5,302 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the transaction, the chief financial officer directly owned 66,287 shares of the company’s stock, valued at $45,812,934.31. This trade represents a 7.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 65,775 shares of company stock worth $38,851,343 over the last three months. 0.43% of the stock is owned by insiders.

Institutional Trading of Lumentum

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew 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 buying an additional 41,975 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Lumentum by 18.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock valued at $683,661,000 after purchasing an additional 291,591 shares during the last quarter. Geode Capital Management LLC raised its position in Lumentum by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock valued at $521,563,000 after purchasing an additional 123,265 shares during the last quarter. Situational Awareness LP raised its position in Lumentum by 210.9% in the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after purchasing an additional 880,800 shares during the last quarter. Finally, Norges Bank bought a new position in Lumentum in the fourth quarter valued at about $474,495,000. Institutional investors own 94.05% of the company’s stock.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Several major firms raised price targets and maintained buy ratings, signaling stronger Street conviction (Citigroup to $1,100; Needham to $1,040; Susquehanna to $1,100; Morgan Stanley to $710). Susquehanna Increases Lumentum Price Target to $1,100.00 Morgan Stanley Boosts Lumentum Price Target to $710.00 Citigroup Adjusts Price Target
• Positive Sentiment: Coverage pivoting to AI optics and Nvidia commitments: analysts and media are framing LITE as a beneficiary of accelerating AI networking demand and larger customer commitments, boosting the growth narrative. How The Lumentum Holdings (LITE) Story Is Shifting With AI Optics And Nvidia Commitments
• Positive Sentiment: Company management said Lumentum is sold out through 2027, indicating strong backlog and demand visibility—a key driver for revenue and margin upside if capacity expansion keeps pace. Lumentum Holdings (LITE) Sold Out Through 2027 on High Demand
• Positive Sentiment: Research firm Northland issued higher multi-quarter EPS forecasts (Q1–Q4 2027) reflecting accelerated growth expectations, which supports higher forward valuations. Northland Securities EPS Estimates for Lumentum
• Positive Sentiment: Analyst and trade press pieces (Zacks, Seeking Alpha) argue Lumentum is transitioning from telecom optics to higher-content, AI-networking optical platforms — implying higher revenue per unit and longer-term growth. Lumentum’s Transition Toward AI Networking: What’s Ahead?
• Neutral Sentiment: Investor commentary and buy-side pieces reiterate conviction but flag high headline multiples; some point to forward PEG and execution as justification — useful context but opinion-driven. I Am Still Buying Lumentum, But For A Better Reason Now
• Negative Sentiment: Tradr announced first-to-market inverse ETFs on Lumentum, making it easier and cheaper for market participants to bet against LITE — a potential headwind during short-term rallies. Tradr Set to Launch Inverse ETFs on Lumentum and Sandisk

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.