Lumentum (NASDAQ:LITE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lumentum (NASDAQ:LITE) from a hold rating to a buy rating in a report published on Sunday morning.

LITE has been the topic of several other research reports. Stifel Nicolaus raised their price objective on Lumentum from $100.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Raymond James Financial raised their price objective on Lumentum from $125.00 to $145.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 13th. Susquehanna increased their target price on Lumentum to $125.00 and gave the stock a “positive” rating in a research report on Tuesday, August 12th. Wolfe Research initiated coverage on Lumentum in a research report on Tuesday, August 12th. They set an “outperform” rating for the company. Finally, UBS Group increased their target price on Lumentum from $78.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and a consensus price target of $128.00.

Lumentum Stock Up 1.6%

LITE stock opened at $151.73 on Friday. Lumentum has a fifty-two week low of $45.65 and a fifty-two week high of $152.65. The business’s 50-day moving average is $113.03 and its two-hundred day moving average is $84.65. The company has a debt-to-equity ratio of 2.26, a quick ratio of 3.18 and a current ratio of 4.37. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 659.70 and a beta of 1.42.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, August 12th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The firm had revenue of $480.70 million during the quarter, compared to the consensus estimate of $465.27 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The company’s revenue for the quarter was up 55.9% compared to the same quarter last year. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. As a group, analysts forecast that Lumentum will post 0.03 earnings per share for the current year.

Insider Buying and Selling at Lumentum

In other Lumentum news, CFO Wajid Ali sold 2,526 shares of Lumentum stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $124.39, for a total transaction of $314,209.14. Following the completion of the sale, the chief financial officer directly owned 77,087 shares of the company’s stock, valued at $9,588,851.93. The trade was a 3.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jae Kim sold 4,507 shares of Lumentum 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 sale, the senior vice president directly owned 33,465 shares of the company’s stock, valued at approximately $3,911,389.20. This trade represents a 11.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 81,687 shares of company stock worth $8,398,352 over the last quarter. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Lumentum by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock worth $463,198,000 after buying an additional 47,811 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Lumentum in the 1st quarter valued at about $260,000. UMB Bank n.a. lifted its holdings in shares of Lumentum by 132.9% in the 1st quarter. UMB Bank n.a. now owns 785 shares of the technology company’s stock valued at $49,000 after buying an additional 448 shares during the period. FORA Capital LLC acquired a new position in shares of Lumentum in the 1st quarter valued at about $642,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Lumentum by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 159,154 shares of the technology company’s stock valued at $9,922,000 after buying an additional 1,660 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

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.