Rosenblatt Securities Boosts Lumentum (NASDAQ:LITE) Price Target to $225.00

Lumentum (NASDAQ:LITE) had its price objective increased by Rosenblatt Securities from $150.00 to $225.00 in a report published on Monday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the technology company’s stock.

A number of other research analysts have also recently weighed in on the stock. Raymond James Financial lifted their target price on shares of Lumentum from $125.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 13th. UBS Group lifted their target price on shares of Lumentum from $78.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Stifel Nicolaus lifted their target price on shares of Lumentum from $100.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Needham & Company LLC restated a “buy” rating and set a $145.00 target price (up previously from $135.00) on shares of Lumentum in a research note on Wednesday, August 13th. Finally, B. Riley lifted their target price on shares of Lumentum from $73.00 to $83.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Two research 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $133.36.

Lumentum Trading Down 6.9%

Shares of Lumentum stock opened at $152.75 on Monday. The company’s fifty day simple moving average is $128.89 and its 200-day simple moving average is $91.93. The stock has a market capitalization of $10.68 billion, a PE ratio of 664.13 and a beta of 1.42. Lumentum has a 1-year low of $45.65 and a 1-year high of $173.38. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.37 and a quick ratio of 3.18.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. Lumentum had a net margin of 1.57% and a negative return on equity of 3.02%. The business had revenue of $480.70 million for the quarter, compared to analysts’ expectations of $465.27 million. During the same quarter last year, the company posted $0.06 EPS. The company’s revenue 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, equities analysts anticipate that Lumentum will post 0.03 earnings per share for the current year.

Insider Activity at Lumentum

In related news, Director Julia Suzanne Johnson sold 1,250 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $119.06, for a total transaction of $148,825.00. Following the transaction, the director directly owned 22,037 shares in the company, valued at approximately $2,623,725.22. This represents a 5.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vincent Retort sold 22,719 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $110.00, for a total transaction of $2,499,090.00. Following the transaction, the insider owned 121,747 shares in the company, valued at $13,392,170. The trade was a 15.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,687 shares of company stock worth $4,759,552 in the last three months. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Lumentum

Hedge funds have recently added to or reduced their stakes in the company. MAI Capital Management raised its stake in Lumentum by 27.0% during the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after purchasing an additional 96 shares during the period. Louisiana State Employees Retirement System raised its stake in Lumentum by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the technology company’s stock worth $1,854,000 after purchasing an additional 100 shares during the period. Thrivent Financial for Lutherans raised its stake in Lumentum by 0.7% during the second quarter. Thrivent Financial for Lutherans now owns 16,340 shares of the technology company’s stock worth $1,553,000 after purchasing an additional 115 shares during the period. Bessemer Group Inc. raised its stake in shares of Lumentum by 5.8% in the 2nd quarter. Bessemer Group Inc. now owns 2,473 shares of the technology company’s stock valued at $234,000 after acquiring an additional 136 shares during the period. Finally, Keynote Financial Services LLC raised its stake in shares of Lumentum by 1.8% in the 2nd quarter. Keynote Financial Services LLC now owns 8,396 shares of the technology company’s stock valued at $798,000 after acquiring an additional 148 shares during the period. 94.05% of the stock is currently owned by 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.