Lumentum (NASDAQ:LITE) Price Target Raised to $595.00

Lumentum (NASDAQ:LITE) had its price target lifted by Morgan Stanley to $595.00 in a research note published on Wednesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the technology company’s stock.

Several other research firms have also recently commented on LITE. Barclays boosted their price target on Lumentum to $750.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. raised their price objective on Lumentum to $565.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Citigroup lifted their price objective on Lumentum to $560.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Susquehanna upped their target price on Lumentum to $550.00 and gave the company a “positive” rating in a research report on Wednesday, February 4th. Finally, Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $575.06.

Lumentum Price Performance

Shares of LITE stock opened at $706.35 on Wednesday. The firm has a fifty day simple moving average of $542.15 and a 200-day simple moving average of $348.44. The company has a market capitalization of $50.43 billion, a PE ratio of 216.67 and a beta of 1.38. Lumentum has a twelve month low of $45.65 and a twelve month high of $787.45. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.26. The firm had revenue of $665.50 million for the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm’s quarterly revenue was up 65.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Equities research analysts anticipate that Lumentum will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Lumentum

In other Lumentum news, insider Vincent Retort sold 3,441 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the sale, the insider directly owned 95,975 shares of the company’s stock, valued at approximately $52,381,235.50. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Wajid Ali sold 5,302 shares of the firm’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 completion of the transaction, the chief financial officer owned 66,287 shares in the company, valued at approximately $45,812,934.31. The trade was a 7.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 65,775 shares of company stock worth $38,851,343 in the last ninety days. 0.43% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lumentum

A number of large investors have recently bought and sold shares of LITE. Rockefeller Capital Management L.P. grew its holdings in shares of Lumentum by 123.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,623 shares of the technology company’s stock valued at $1,704,000 after purchasing an additional 2,553 shares during the last quarter. Hsbc Holdings PLC boosted its position in Lumentum by 6,239.0% during the 4th quarter. Hsbc Holdings PLC now owns 194,163 shares of the technology company’s stock valued at $71,724,000 after purchasing an additional 191,100 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Lumentum during the 4th quarter valued at approximately $1,136,000. Caitong International Asset Management Co. Ltd boosted its position in Lumentum by 46,666.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 8,418 shares of the technology company’s stock valued at $3,103,000 after purchasing an additional 8,400 shares during the period. Finally, Reflection Asset Management bought a new position in Lumentum during the 4th quarter worth $59,000. 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: Bank of America raised its price target sharply (reported as a 29% hike) and framed Lumentum as a key AI‑optics beneficiary, boosting investor confidence in the company’s data‑center connectivity positioning. Article Title
• Positive Sentiment: Reports that Lumentum is pursuing an $8 billion annual revenue target and has landed a major OCS contract have fueled bullish sentiment around its optical components backlog and long‑term growth runway. Article Title
• Positive Sentiment: Analyst support increased: Rosenblatt issued a Buy rating and Morgan Stanley boosted its price target (to $595), adding further institutional validation for the stock’s outlook. Rosenblatt Buy MS PT Boost
• Positive Sentiment: Industry research highlights Lumentum’s strength in OCS and CPO product lines and an expanding AI‑era backlog — factors that could sustain revenue growth as hyperscalers shift from copper to optical solutions. Article Title
• Positive Sentiment: Anticipation of official inclusion in the S&P 500 has driven buying into LITE as index funds and ETFs rebalance, supporting near‑term demand for the shares. Article Title
• Neutral Sentiment: Technical/flow factors: Some momentum traders cite a “power inflow” trading signal that helped push the stock higher in the short term; this is supportive but may be transient. Article Title
• Negative Sentiment: Caution from some analysts: while price action is strong, certain writeups note that recent earnings‑estimate revisions and lofty valuation metrics could limit upside or make the stock vulnerable to a pullback if growth expectations slip. Article Title

About Lumentum

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.