Lumentum (NASDAQ:LITE) Stock Price Expected to Rise, Mizuho Analyst Says

Lumentum (NASDAQ:LITE) had its price objective raised by equities research analysts at Mizuho from $525.00 to $645.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Mizuho’s target price suggests a potential upside of 14.62% from the stock’s current price.

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. upped their target price on Lumentum to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Raymond James Financial downgraded Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective on the stock. in a report on Friday, October 31st. Zacks Research raised shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. B. Riley Securities raised shares of Lumentum from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $147.00 to $526.00 in a research report on Wednesday, February 4th. Finally, Citigroup lifted their price objective on shares of Lumentum to $560.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $452.00.

Lumentum Price Performance

Shares of LITE opened at $562.74 on Tuesday. The business’s 50-day moving average is $397.59 and its 200-day moving average is $259.02. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The company has a market capitalization of $40.18 billion, a price-to-earnings ratio of 172.62 and a beta of 1.51. Lumentum has a fifty-two week low of $45.65 and a fifty-two week high of $603.83.

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

Insider Transactions at Lumentum

In other news, insider Vincent Retort sold 45,026 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $591.32, for a total value of $26,624,774.32. Following the completion of the transaction, the insider owned 102,455 shares in the company, valued at $60,583,690.60. This represents a 30.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pamela Fletcher sold 3,421 shares of Lumentum stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total value of $935,746.13. Following the completion of the sale, the director directly owned 10,561 shares in the company, valued at $2,888,750.33. This represents a 24.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 58,118 shares of company stock valued at $32,759,088 in the last three months. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

Several large investors have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its stake in Lumentum by 16.0% in the fourth quarter. Parallel Advisors LLC now owns 326 shares of the technology company’s stock valued at $120,000 after acquiring an additional 45 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Lumentum by 6.4% in the 3rd quarter. Allworth Financial LP now owns 784 shares of the technology company’s stock valued at $128,000 after purchasing an additional 47 shares during the period. UMB Bank n.a. lifted its stake in Lumentum by 5.2% in the 4th quarter. UMB Bank n.a. now owns 968 shares of the technology company’s stock valued at $357,000 after purchasing an additional 48 shares during the last quarter. Truvestments Capital LLC raised its stake in Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after buying an additional 57 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Lumentum by 0.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,130 shares of the technology company’s stock valued at $5,208,000 after buying an additional 60 shares during the last quarter. 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.