Lumentum (NASDAQ:LITE) Price Target Raised to $930.00

Lumentum (NASDAQ:LITE) had its price objective boosted by Mizuho from $750.00 to $930.00 in a report released on Wednesday,MarketScreener reports. The brokerage currently has an outperform rating on the technology company’s stock.

Several other research firms have also recently weighed in on LITE. Citigroup increased their price target on Lumentum to $560.00 and gave the company a “buy” rating in a report on Thursday, February 5th. UBS Group increased their price target on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. B. Riley Financial raised Lumentum from a “neutral” rating to a “buy” rating and increased their price target for the company from $147.00 to $526.00 in a report on Wednesday, February 4th. JPMorgan Chase & Co. increased their price target on Lumentum to $565.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Finally, Susquehanna increased their price target on Lumentum to $550.00 and gave the company a “positive” rating in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $629.44.

Lumentum Stock Performance

LITE stock opened at $896.83 on Wednesday. The stock has a market capitalization of $64.03 billion, a PE ratio of 275.10 and a beta of 1.38. Lumentum has a 12-month low of $49.13 and a 12-month high of $960.00. 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’s 50 day simple moving average is $671.18 and its 200 day simple moving average is $413.65.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.26. The business had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The firm’s quarterly revenue was up 65.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, research analysts forecast that Lumentum will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Wajid Ali sold 5,302 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the sale, the chief financial officer directly owned 66,287 shares in the company, valued at $45,812,934.31. This represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Vincent Retort sold 3,441 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total value of $1,878,028.98. Following the completion of the sale, the insider owned 95,975 shares of the company’s stock, valued at $52,381,235.50. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 65,775 shares of company stock valued at $38,851,343. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. increased its stake in shares of Lumentum by 123.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,623 shares of the technology company’s stock worth $1,704,000 after purchasing an additional 2,553 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Lumentum by 6,239.0% in the 4th quarter. Hsbc Holdings PLC now owns 194,163 shares of the technology company’s stock worth $71,724,000 after purchasing an additional 191,100 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Lumentum in the 4th quarter worth $1,136,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Lumentum by 46,666.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 8,418 shares of the technology company’s stock worth $3,103,000 after purchasing an additional 8,400 shares in the last quarter. Finally, Reflection Asset Management purchased a new stake in shares of Lumentum in the 4th quarter worth $59,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: CEO and company comments: Lumentum’s CEO says AI-driven demand is so strong the company could be “sold out” through 2027–2028, giving multi‑year visibility into revenue and backlog that supports bullish investor expectations. Article Title
• Positive Sentiment: Analyst upgrades and price‑target raises: Several firms have lifted ratings/targets (JPMorgan to $950 overweight; TD Cowen raised target to $875; BNP Paribas higher previously), boosting sentiment and legitimizing expectations for sustained AI demand. Article Title
• Positive Sentiment: Nvidia strategic spotlight and market attention: Nvidia’s strategic investment and broader coverage of Lumentum’s photonics role in AI hardware have increased investor focus and likely contributed to fresh inflows. Article Title
• Positive Sentiment: Order backlog / Wall Street reaction: Reports of a large order backlog and multiple firms raising targets led to pre‑market strength and renewed buy interest from institutions and retail. Article Title
• Neutral Sentiment: Market commentary and podcasts: Bloomberg and other market commentators are highlighting Lumentum as a “stock mover” amid AI hardware talk — useful for sentiment but largely descriptive rather than new fundamental news. Article Title
• Neutral Sentiment: Macro / market context: Broader commentary (e.g., interviews on AI CapEx) reinforces the thematic case for Lumentum but doesn’t add company‑specific data. Article Title
• Negative Sentiment: Convertible‑note conversion: Lumentum swapped $474.6M of convertible notes for roughly 5.7M shares — reduces debt and interest exposure but is dilutive and a near‑term overhang for EPS. Investors should watch share count and margin trends. Article Title
• Negative Sentiment: Valuation / late‑cycle concerns: Several analysts and long‑form writeups warn the stock is priced for perfection after a massive run; some suggest pausing or caution given stretched multiples despite strong top‑line momentum. Article Title

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.