Lumentum (NASDAQ:LITE) Price Target Raised to $1,300.00

Lumentum (NASDAQ:LITE) had its target price raised by BNP Paribas Exane from $1,040.00 to $1,300.00 in a research note released on Wednesday,MarketScreener reports.

A number of other brokerages also recently weighed in on LITE. Citigroup boosted their target price on shares of Lumentum from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. boosted their target price on shares of Lumentum from $950.00 to $1,130.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group boosted their target price on shares of Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Barclays boosted their target price on shares of Lumentum from $750.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, TD Cowen boosted their target price on shares of Lumentum from $675.00 to $875.00 and gave the stock a “hold” rating in a research note on Friday, April 10th. Thirteen equities 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 company has an average rating of “Moderate Buy” and a consensus target price of $1,003.75.

Lumentum Trading Up 1.2%

Shares of LITE stock opened at $903.12 on Wednesday. Lumentum has a 12-month low of $63.98 and a 12-month high of $1,021.00. The company has a market capitalization of $70.26 billion, a P/E ratio of 167.24 and a beta of 1.53. The firm has a 50-day moving average price of $776.13 and a 200 day moving average price of $502.93. The company has a quick ratio of 0.45, a current ratio of 1.14 and a debt-to-equity ratio of 0.01.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The firm had revenue of $808.40 million during the quarter, compared to the consensus estimate of $810.21 million. During the same period last year, the firm posted $0.57 EPS. The firm’s quarterly revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Research analysts forecast that Lumentum will post 5.95 earnings per share for the current fiscal year.

Insider Buying and Selling at Lumentum

In other news, CFO Wajid Ali sold 5,302 shares of Lumentum stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the sale, the chief financial officer owned 66,287 shares in the company, valued at $45,812,934.31. The trade was a 7.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Yuen Wupen sold 3,157 shares of Lumentum stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the sale, the insider owned 88,439 shares of the company’s stock, valued at approximately $47,580,182. This represents a 3.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 60,926 shares of company stock worth $36,254,801 in the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in shares of Lumentum by 5.7% in the first quarter. PNC Financial Services Group Inc. now owns 8,304 shares of the technology company’s stock valued at $5,836,000 after buying an additional 450 shares during the period. Oslo Pensjonsforsikring AS acquired a new position in shares of Lumentum in the first quarter valued at approximately $223,000. Titan Global Capital Management USA LLC acquired a new position in shares of Lumentum in the first quarter valued at approximately $14,332,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Lumentum in the first quarter valued at approximately $225,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Lumentum in the first quarter valued at approximately $63,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum reported fiscal Q3 earnings that beat estimates, with revenue up 90% year over year on strong cloud and AI demand; the company also said 1.6T transceiver shipments are set to ramp in fiscal Q4. Article Title
• Positive Sentiment: Several analysts turned constructive on Lumentum, including Craig Hallum raising its price target to $1,150, Barclays lifting its target to $1,000, Loop Capital boosting its target to $1,400, and Rothschild Redburn initiating coverage with a Buy rating and a $1,270 target.
• Positive Sentiment: Other note writers, including JPMorgan and BNP Paribas Exane, also issued upbeat outlooks, reinforcing the view that demand is exceeding supply and that the company remains well positioned in AI and cloud optics.
• Neutral Sentiment: One market report said the stock was among several technology names with conflicted analyst views, suggesting investors are still weighing valuation against growth expectations. Article Title
• Negative Sentiment: Despite the strong fundamentals, Lumentum shares slipped intraday as the AI optics trade cooled, with peers like Coherent and Applied Optoelectronics also falling sharply, pointing to sector profit-taking rather than company-specific weakness. Article Title

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.