Lumentum (NASDAQ:LITE) Research Coverage Started at Mizuho

Mizuho assumed coverage on shares of Lumentum (NASDAQ:LITE) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $290.00 price target on the technology company’s stock.

A number of other research firms have also commented on LITE. UBS Group raised their price target on shares of Lumentum from $78.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Rosenblatt Securities increased their target price on shares of Lumentum to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Northland Securities set a $250.00 target price on shares of Lumentum in a report on Wednesday, November 5th. B. Riley boosted their price target on Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Finally, KGI Securities initiated coverage on Lumentum in a research report on Monday, August 18th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average price target of $196.88.

Lumentum Stock Performance

NASDAQ:LITE opened at $233.24 on Tuesday. The stock has a 50 day simple moving average of $187.70 and a 200 day simple moving average of $130.09. The stock has a market cap of $16.54 billion, a P/E ratio of 156.54 and a beta of 1.48. Lumentum has a 1-year low of $45.65 and a 1-year high of $282.66. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77.

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

Insiders Place Their Bets

In other news, insider Yuen Wupen sold 3,282 shares of Lumentum stock in a transaction on Monday, August 25th. The stock was sold at an average price of $119.25, for a total value of $391,378.50. Following the transaction, the insider owned 104,554 shares in the company, valued at approximately $12,468,064.50. This trade represents a 3.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Wajid Ali sold 2,526 shares of the business’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $124.39, for a total value of $314,209.14. Following the transaction, the chief financial officer directly owned 77,087 shares of the company’s stock, valued at $9,588,851.93. This trade represents a 3.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,458 shares of company stock valued at $7,284,040 over the last three months. 0.43% of the stock is owned by corporate insiders.

Institutional Trading of Lumentum

Several large investors have recently bought and sold shares of LITE. PointState Capital LP bought a new stake in shares of Lumentum during the 1st quarter valued at approximately $213,503,000. Arrowstreet Capital Limited Partnership boosted its position in Lumentum by 8,579.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after buying an additional 1,545,199 shares in the last quarter. Hood River Capital Management LLC grew its stake in shares of Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after buying an additional 994,551 shares during the last quarter. Analog Century Management LP acquired a new position in shares of Lumentum during the first quarter worth $60,348,000. Finally, Norges Bank acquired a new position in shares of Lumentum during the second quarter worth $82,983,000. 94.05% of the stock is owned by institutional investors and hedge funds.

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.