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

Lumentum (NASDAQ:LITE) had its target price increased by analysts at Stifel Nicolaus from $220.00 to $400.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 10.36% from the company’s previous close.

Several other equities research analysts also recently weighed in on LITE. Wall Street Zen downgraded shares of Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Wolfe Research reiterated an “outperform” rating and set a $240.00 price target on shares of Lumentum in a report on Wednesday, November 5th. Northland Securities set a $350.00 price objective on shares of Lumentum in a research report on Wednesday, December 3rd. Barclays boosted their target price on Lumentum from $181.00 to $365.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Finally, Rosenblatt Securities upped their target price on Lumentum to $380.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Lumentum currently has a consensus rating of “Moderate Buy” and an average target price of $253.00.

Lumentum Stock Up 1.6%

Shares of NASDAQ:LITE opened at $362.44 on Thursday. The company has a 50-day moving average price of $333.76 and a 200 day moving average price of $212.08. 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 has a 12 month low of $45.65 and a 12 month high of $402.79. The company 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 posted its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.07. The business had revenue of $533.80 million during 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 company’s revenue for the quarter was up 58.4% on a year-over-year basis. During the same period last year, the company earned $0.18 EPS. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. As a group, equities research analysts predict that Lumentum will post 0.03 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Pamela Fletcher sold 3,421 shares of Lumentum stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total value of $935,746.13. Following the transaction, the director owned 10,561 shares of the company’s stock, valued at $2,888,750.33. The trade was a 24.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julia Suzanne Johnson sold 10,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $270.39, for a total transaction of $2,703,900.00. Following the sale, the director directly owned 12,037 shares of the company’s stock, valued at $3,254,684.43. The trade was a 45.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 28,612 shares of company stock worth $7,317,398. Insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

Several institutional investors have recently added to or reduced their stakes in the business. Chesapeake Asset Management LLC acquired a new position in shares of Lumentum during the fourth quarter valued at about $37,000. EverSource Wealth Advisors LLC grew its position in Lumentum by 363.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after purchasing an additional 131 shares during the last quarter. Danske Bank A S acquired a new position in Lumentum during the 3rd quarter valued at approximately $33,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Lumentum by 58.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 205 shares of the technology company’s stock worth $76,000 after buying an additional 76 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of Lumentum in the third quarter worth $49,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

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.