Barclays Raises Lumentum (NASDAQ:LITE) Price Target to $165.00

Lumentum (NASDAQ:LITE) had its price target lifted by research analysts at Barclays from $135.00 to $165.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Barclays‘s price target would indicate a potential upside of 10.44% from the stock’s current price.

LITE has been the topic of several other reports. Citigroup started coverage on shares of Lumentum in a report on Friday, August 29th. They issued a “buy” rating and a $165.00 price objective on the stock. Wall Street Zen upgraded shares of Lumentum from a “hold” rating to a “buy” rating in a report on Sunday. Susquehanna boosted their price objective on shares of Lumentum to $125.00 and gave the company a “positive” rating in a report on Tuesday, August 12th. KGI Securities started coverage on shares of Lumentum in a report on Monday, August 18th. They issued an “outperform” rating on the stock. Finally, Morgan Stanley boosted their price objective on shares of Lumentum from $92.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and an average target price of $128.00.

Lumentum Stock Down 0.0%

NASDAQ LITE opened at $149.40 on Tuesday. Lumentum has a 52 week low of $45.65 and a 52 week high of $152.27. The company has a quick ratio of 3.18, a current ratio of 4.37 and a debt-to-equity ratio of 2.26. The business’s fifty day simple moving average is $111.83 and its 200-day simple moving average is $84.18. The firm has a market cap of $10.44 billion, a PE ratio of 649.57 and a beta of 1.42.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.The business had revenue of $480.70 million for the quarter, compared to analyst estimates of $465.27 million. During the same quarter in the previous year, the firm earned $0.06 EPS. The company’s quarterly revenue was up 55.9% compared to the same quarter last year. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. As a group, equities analysts anticipate that Lumentum will post 0.03 earnings per share for the current year.

Insider Activity

In other Lumentum news, SVP Jae Kim sold 4,507 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $116.88, for a total value of $526,778.16. Following the transaction, the senior vice president directly owned 33,465 shares in the company, valued at $3,911,389.20. This represents a 11.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Julia Suzanne Johnson sold 1,250 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $119.06, for a total transaction of $148,825.00. Following the completion of the transaction, the director owned 22,037 shares in the company, valued at $2,623,725.22. This represents a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 81,687 shares of company stock valued at $8,398,352. 0.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lumentum

A number of hedge funds have recently modified their holdings of LITE. Osaic Holdings Inc. lifted its holdings in shares of Lumentum by 190.8% during the second quarter. Osaic Holdings Inc. now owns 20,439 shares of the technology company’s stock worth $1,942,000 after purchasing an additional 13,410 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Lumentum by 0.7% during the second quarter. Thrivent Financial for Lutherans now owns 16,340 shares of the technology company’s stock worth $1,553,000 after purchasing an additional 115 shares during the period. Cim Investment Management Inc. lifted its holdings in shares of Lumentum by 100.8% during the second quarter. Cim Investment Management Inc. now owns 9,622 shares of the technology company’s stock worth $860,000 after purchasing an additional 4,829 shares during the period. Marex Group plc acquired a new stake in shares of Lumentum during the second quarter worth $287,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Lumentum during the second quarter worth $625,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

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.