Lumentum Holdings Inc. (NASDAQ:LITE) Stock Has Consensus Target Price of $1,080.83

Shares of Lumentum Holdings Inc. (NASDAQ:LITE) have received a consensus recommendation of “Moderate Buy” from the twenty-four analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $1,046.54.

A number of research analysts recently issued reports on the stock. TD Cowen decreased their target price on shares of Lumentum from $820.00 to $685.00 and set a “hold” rating for the company in a research report on Tuesday. Susquehanna reduced their price target on Lumentum from $1,100.00 to $950.00 and set a “positive” rating for the company in a research report on Tuesday. Zacks Research downgraded Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Bank of America lowered their price objective on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. Finally, Evercore started coverage on shares of Lumentum in a research note on Monday, August 31st. They set an “outperform” rating and a $1,100.00 price objective on the stock.

Lumentum Stock Performance

Shares of NASDAQ LITE opened at $680.16 on Friday. The company has a 50 day simple moving average of $916.26 and a two-hundred day simple moving average of $798.35. The stock has a market cap of $61.61 billion, a price-to-earnings ratio of -8.64 and a beta of 1.64. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. Lumentum has a 12 month low of $184.20 and a 12 month high of $1,143.00.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Monday, November 2nd. The technology company reported $4.57 earnings per share for the quarter, topping analysts’ consensus estimates of $4.22 by $0.35. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Lumentum had a negative net margin of 175.82% and a positive return on equity of 33.33%. The business’s quarterly revenue was up 136.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 earnings per share. As a group, analysts predict that Lumentum will post 19.79 earnings per share for the current year.

Insiders Place Their Bets

In other Lumentum news, insider Yuen Wupen sold 307 shares of the stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $945.00, for a total transaction of $290,115.00. Following the transaction, the insider owned 108,320 shares in the company, valued at approximately $102,362,400. This represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the transaction, the chief financial officer owned 75,074 shares in the company, valued at $78,715,089. This represents a 24.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 94,496 shares of company stock worth $85,978,498 over the last three months. 0.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LITE. Candriam S.C.A. lifted its stake in Lumentum by 30.5% in the 3rd quarter. Candriam S.C.A. now owns 6,882 shares of the technology company’s stock valued at $6,709,000 after buying an additional 1,607 shares in the last quarter. Ethic Inc. increased its stake in Lumentum by 17.1% during the 3rd quarter. Ethic Inc. now owns 8,796 shares of the technology company’s stock worth $8,544,000 after buying an additional 1,283 shares in the last quarter. 180 Wealth Advisors LLC increased its stake in Lumentum by 6.8% during the 3rd quarter. 180 Wealth Advisors LLC now owns 1,658 shares of the technology company’s stock worth $1,610,000 after buying an additional 105 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in Lumentum by 157.1% during the 3rd quarter. Pictet Asset Management Holding SA now owns 183,399 shares of the technology company’s stock worth $178,128,000 after buying an additional 112,076 shares in the last quarter. Finally, Allen Investment Management LLC raised its holdings in shares of Lumentum by 2.8% during the third quarter. Allen Investment Management LLC now owns 25,395 shares of the technology company’s stock valued at $24,665,000 after acquiring an additional 697 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum issued strong fiscal Q2 2027 guidance: EPS of $5.90–$6.20 versus the $4.98 consensus and revenue of about $1.6 billion versus $1.5 billion expected. Its latest quarter also beat EPS estimates, with revenue up 136.5% year over year. Lumentum beats quarterly earnings and revenue estimates
• Positive Sentiment: The proposed combination with Marvell is intended to unite Lumentum’s optical components with Marvell’s custom chips and networking products, positioning the companies to benefit from rising AI data-center connectivity demand. Lumentum transaction details
• Neutral Sentiment: Some analysts still see potential upside, though their targets have been cut sharply: Susquehanna lowered its target to $950 and Rosenblatt to $900, while retaining positive or buy ratings. Susquehanna analyst rating
• Negative Sentiment: The $115 billion all-stock deal gives Lumentum holders 4.5 Marvell shares per share of Lumentum, so the offer’s value moves with Marvell’s stock. Deal skepticism and declines in both companies’ market values have fueled concerns about dilution, the transaction price and limited near-term upside. Merger doubts and market value losses
• Negative Sentiment: Shareholder law firms are investigating whether the sale is fair, while TD Cowen cut its target to $685 and B. Riley downgraded Lumentum to neutral with a lower $770 target. These developments add to investor uncertainty around the deal. Shareholder investigation announcement

About Lumentum

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.