Lumentum (NASDAQ:LITE) Price Target Raised to $1,100.00

Lumentum (NASDAQ:LITE) had its price objective raised by Citigroup from $800.00 to $1,100.00 in a research note issued to investors on Tuesday morning,MarketScreener reports. They currently have a buy rating on the technology company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Bank of America boosted their target price on shares of Lumentum to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Zacks Research cut shares of Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. B. Riley Financial raised shares of Lumentum from a “neutral” rating to a “buy” rating and upped their price target for the stock from $147.00 to $526.00 in a report on Wednesday, February 4th. Needham & Company LLC upped their price target on shares of Lumentum from $880.00 to $1,040.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, UBS Group upped their price target on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $757.25.

Lumentum Trading Down 3.1%

Shares of LITE stock opened at $846.89 on Tuesday. The company’s fifty day simple moving average is $733.38 and its two-hundred day simple moving average is $457.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. Lumentum has a 1 year low of $55.00 and a 1 year high of $960.00. The stock has a market capitalization of $60.47 billion, a price-to-earnings ratio of 259.78 and a beta of 1.38.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The business’s revenue for the quarter was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, analysts anticipate that Lumentum will post 5.87 earnings per share for the current year.

Insider Activity

In other news, insider Vincent Retort sold 45,026 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $591.32, for a total value of $26,624,774.32. Following the transaction, the insider owned 102,455 shares of the company’s stock, valued at approximately $60,583,690.60. This represents a 30.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Penny Herscher sold 4,849 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $535.48, for a total transaction of $2,596,542.52. Following the completion of the transaction, the director directly owned 6,057 shares in the company, valued at approximately $3,243,402.36. The trade was a 44.46% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 65,775 shares of company stock worth $38,851,343. Company insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SJS Investment Consulting Inc. grew its position in Lumentum by 687.5% in the first quarter. SJS Investment Consulting Inc. now owns 63 shares of the technology company’s stock worth $44,000 after acquiring an additional 55 shares in the last quarter. Drucker Wealth 3.0 LLC purchased a new position in Lumentum in the first quarter worth $221,000. Lansforsakringar Fondforvaltning AB publ purchased a new position in Lumentum in the first quarter worth $1,278,000. waypoint wealth counsel purchased a new position in Lumentum in the first quarter worth $213,000. Finally, Wiser Advisor Group LLC grew its position in Lumentum by 6,000.0% in the first quarter. Wiser Advisor Group LLC now owns 61 shares of the technology company’s stock worth $43,000 after acquiring an additional 60 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Multiple firms raised targets and estimates — Needham lifted its price target to $1,040 and Susquehanna to $1,100; Morgan Stanley also raised its target to $710, while Northland materially increased FY2027 EPS and quarterly forecasts, reflecting a much stronger revenue/earnings outlook. Needham price target Susquehanna price target Morgan Stanley price target Northland estimates
• Positive Sentiment: Company demand commentary: management says production is sold out through 2027, supporting the narrative of durable, multi‑year optical demand driven by AI and large customer commitments. This underpins higher revenue visibility and the bullish analyst moves. Sold‑out through 2027
• Positive Sentiment: Shifting industry narrative: recent coverage highlights Lumentum’s pivot to AI networking and stronger ties to Nvidia commitments, which supports a re‑rating of the company from telecom optics to an AI‑driven optical leader. Story shifting with AI optics Zacks AI optics note
• Neutral Sentiment: Media mention unrelated to a direct company update — Jim Cramer’s “Stocks That Got Away” segment referenced other names (SanDisk) and does not provide new company‑specific catalysts for Lumentum. Cramer segment
• Negative Sentiment: Launch of first‑to‑market leveraged inverse ETFs targeting LITE (Tradr 2X Short LITE Daily ETF, ticker LITZ) introduces a new, easily traded vehicle to express bearish views — this can increase intraday and short‑term selling pressure and volatility even while fundamentals look strong. Tradr short ETF debut

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.