Stifel Nicolaus Boosts Lumentum (NASDAQ:LITE) Price Target to $400.00

Lumentum (NASDAQ:LITE) had its target price hoisted by stock analysts at Stifel Nicolaus from $220.00 to $400.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 10.36% from the company’s current price.

Several other research firms have also recently issued reports on LITE. Susquehanna upped their price objective on Lumentum from $140.00 to $190.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Northland Securities set a $350.00 target price on shares of Lumentum in a research note on Wednesday, December 3rd. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Mizuho set a $455.00 target price on shares of Lumentum in a research report on Friday, January 9th. Finally, Wall Street Zen downgraded shares of Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.00.

Lumentum Stock Performance

Lumentum stock opened at $362.44 on Thursday. Lumentum has a fifty-two week low of $45.65 and a fifty-two week high of $402.79. The stock’s 50 day simple moving average is $333.76 and its two-hundred day simple moving average is $212.08. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.02 and a current ratio of 1.37. The stock has a market cap of $25.70 billion, a price-to-earnings ratio of 243.25 and a beta of 1.51.

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

Insiders Place Their Bets

In related news, CAO Matthew Joseph Sepe sold 4,232 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $239.63, for a total value of $1,014,114.16. Following the transaction, the chief accounting officer directly owned 43,544 shares of the company’s stock, valued at approximately $10,434,448.72. The trade was a 8.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pamela Fletcher sold 3,421 shares of the stock in a transaction that occurred 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 sale, the director directly owned 10,561 shares of the company’s stock, valued at approximately $2,888,750.33. This trade represents a 24.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 28,612 shares of company stock valued at $7,317,398. Insiders own 0.43% of the company’s stock.

Institutional Trading of Lumentum

A number of institutional investors and hedge funds have recently bought and sold shares of LITE. Vanguard Group Inc. grew its position 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 valued at $1,217,930,000 after purchasing an additional 41,975 shares in the last quarter. Hood River Capital Management LLC grew its holdings in 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 in the last quarter. 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 worth $254,350,000 after acquiring an additional 1,545,199 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Lumentum by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,260,940 shares of the technology company’s stock worth $119,884,000 after acquiring an additional 10,027 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Lumentum by 4.4% during the 3rd quarter. Alliancebernstein L.P. now owns 1,085,119 shares of the technology company’s stock valued at $176,560,000 after acquiring an additional 45,953 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

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.