Lumentum (NASDAQ:LITE) Price Target Raised to $1,150.00 at Craig Hallum

Lumentum (NASDAQ:LITE) had its target price upped by Craig Hallum from $900.00 to $1,150.00 in a note issued to investors on Wednesday,MarketScreener reports. Craig Hallum’s price target would indicate a potential upside of 31.20% from the company’s current price.

LITE has been the topic of several other reports. Susquehanna lifted their target price on shares of Lumentum from $550.00 to $1,100.00 and gave the stock a “positive” rating in a research note on Monday, April 20th. Zacks Research lowered Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Northland Securities set a $1,000.00 price target on shares of Lumentum in a research report on Monday, April 20th. Citigroup raised their price objective on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Needham & Company LLC lifted their price objective on Lumentum from $880.00 to $1,040.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,003.75.

Lumentum Trading Down 7.2%

NASDAQ LITE traded down $67.77 during trading on Wednesday, hitting $876.52. 1,159,231 shares of the company’s stock traded hands, compared to its average volume of 5,886,725. The firm has a market cap of $62.58 billion, a P/E ratio of 162.81 and a beta of 1.53. The stock has a fifty day moving average of $772.05 and a two-hundred day moving average of $497.81. 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 12-month low of $63.98 and a 12-month high of $1,021.00.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.10. The company had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.21 million. Lumentum had a return on equity of 38.64% and a net margin of 17.61%.Lumentum’s quarterly revenue was up 90.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, sell-side analysts expect that Lumentum will post 5.87 EPS for the current year.

Insider Buying and Selling at Lumentum

In related news, insider Yuen Wupen sold 3,157 shares of Lumentum stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the completion of the transaction, the insider directly owned 88,439 shares of the company’s stock, valued at $47,580,182. This trade represents a 3.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Wajid Ali sold 5,302 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the sale, the chief financial officer directly owned 66,287 shares in the company, valued at $45,812,934.31. The trade was a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 65,775 shares of company stock valued at $38,851,343 in the last quarter. 0.43% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC bought a new stake in Lumentum in the first quarter worth $25,000. Sachetta LLC boosted its stake in Lumentum by 118.8% in the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after purchasing an additional 19 shares in the last quarter. 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 valued at $27,000 after purchasing an additional 131 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Lumentum during the 4th quarter valued at about $28,000. Finally, Truvestments Capital LLC raised its holdings in Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after buying an additional 57 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Rothschild Redburn initiated coverage with a Buy rating and $1,270 price target, citing Lumentum’s core positioning in photonics and AI data?center demand. Read More.
• Positive Sentiment: Loop Capital raised its price target to $1,400 and maintained a Buy, signaling strong conviction about upside from AI-related demand. Read More.
• Positive Sentiment: Rosenblatt upgraded/raised its forecast (PT to $1,300) and issued a Buy, adding to the cluster of bullish Street revisions. Read More.
• Positive Sentiment: Barclays lifted its price target to $1,000, reflecting higher conviction after Lumentum’s results/guidance. Read More.
• Positive Sentiment: JPMorgan moved to an Overweight and raised its target to $1,130, citing stronger AI-related demand dynamics. Read More.
• Positive Sentiment: BNP Paribas Exane increased its PT significantly (reported at $1,300 in recent coverage), joining other brokers boosting targets. Read More.
• Positive Sentiment: Stifel, among others, raised its PT to $1,100 and maintained a Buy, part of a broad investor re?rating of Lumentum. Read More.
• Positive Sentiment: Multiple outlets note that demand is exceeding supply—positive for pricing/pull?through and supporting the bullish analyst reactions. Read More.
• Neutral Sentiment: Lumentum reported Q3 results: EPS $2.37 (beat), revenue $808.4M (slightly below consensus), and set Q4 EPS guidance (2.85–3.05) above Street estimates — a mixed but forward?looking release. Read More.
• Neutral Sentiment: Analysts and commentary pieces outline a narrative shift: new customer commitments (including ties to major AI/data?center customers) and an expanding TAM, boosting modeled fair value estimates. Read More.
• Neutral Sentiment: Company earnings/transcript and slides provide management’s outlook and risk disclosures; useful for investors to confirm cadence, supply constraints and capex timing. Read More.
• Negative Sentiment: Despite the beat and strong guide, the stock fell as investors noted revenue missed slightly and that elevated expectations after recent rallies left little room for disappointment—prompting near?term selling. Read More.
• Negative Sentiment: Coverage pointed out that shares “tumbled despite strong print and guide” — a market reaction driven by stretched sentiment and profit?taking rather than fresh fundamental deterioration. Read More.

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.