Barclays Forecasts Strong Price Appreciation for Lumentum (NASDAQ:LITE) Stock

Lumentum (NASDAQ:LITE) had its price objective upped by stock analysts at Barclays from $165.00 to $181.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Barclays‘s price target indicates a potential downside of 24.62% from the company’s current price.

A number of other brokerages have also recently weighed in on LITE. Susquehanna lifted their target price on Lumentum from $140.00 to $190.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Stifel Nicolaus set a $220.00 price objective on Lumentum in a research note on Wednesday. UBS Group increased their target price on shares of Lumentum from $78.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Raymond James Financial lowered shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price target on the stock. in a report on Friday, October 31st. Finally, B. Riley boosted their price objective on shares of Lumentum from $83.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $190.67.

Lumentum Trading Up 0.2%

Shares of LITE traded up $0.43 during mid-day trading on Thursday, hitting $240.11. The company had a trading volume of 5,614,331 shares, compared to its average volume of 4,074,843. Lumentum has a 1-year low of $45.65 and a 1-year high of $258.35. The business’s 50-day simple moving average is $169.80 and its 200-day simple moving average is $118.37. The stock has a market cap of $17.02 billion, a PE ratio of 161.15 and a beta of 1.48. The company has a quick ratio of 3.18, a current ratio of 1.37 and a debt-to-equity ratio of 2.77.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The company had revenue of $533.80 million for the quarter, compared to the consensus estimate of $525.10 million. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. Lumentum’s revenue was up 58.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Sell-side analysts forecast that Lumentum will post 0.03 earnings per share for the current year.

Insider Activity

In other Lumentum news, SVP Jae Kim sold 4,507 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $116.88, for a total value of $526,778.16. Following the transaction, the senior vice president owned 33,465 shares in the company, valued at $3,911,389.20. The trade was a 11.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Wajid Ali sold 2,526 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $124.39, for a total transaction of $314,209.14. Following the completion of the transaction, the chief financial officer directly owned 77,087 shares of the company’s stock, valued at approximately $9,588,851.93. The trade was a 3.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 18,198 shares of company stock valued at $2,180,887. 0.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Lumentum by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock valued at $1,217,930,000 after purchasing an additional 41,975 shares in the last quarter. PointState Capital LP purchased a new position in shares of Lumentum during the 1st quarter valued at approximately $213,503,000. Hood River Capital Management LLC boosted its stake in shares of Lumentum by 82.1% during 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 last quarter. Atreides Management LP grew its position in shares of Lumentum by 6.8% during the first quarter. Atreides Management LP now owns 1,875,257 shares of the technology company’s stock worth $116,904,000 after buying an additional 119,938 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Lumentum by 1.1% in the first quarter. Alliancebernstein L.P. now owns 1,731,041 shares of the technology company’s stock worth $107,913,000 after buying an additional 19,085 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.