Lumentum (NASDAQ:LITE) Price Target Raised to $225.00

Lumentum (NASDAQ:LITE) had its price target hoisted by Rosenblatt Securities from $150.00 to $225.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price target on shares of Lumentum from $123.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Bank of America raised shares of Lumentum from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $78.00 to $135.00 in a research note on Wednesday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 target price (up previously from $135.00) on shares of Lumentum in a research note on Wednesday, August 13th. Stifel Nicolaus raised their target price on shares of Lumentum from $100.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Finally, Wolfe Research assumed coverage on shares of Lumentum in a research note on Tuesday, August 12th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Lumentum has a consensus rating of “Moderate Buy” and an average target price of $133.36.

Lumentum Price Performance

LITE stock opened at $152.75 on Monday. Lumentum has a 1 year low of $45.65 and a 1 year high of $173.38. The company has a market cap of $10.68 billion, a P/E ratio of 664.13 and a beta of 1.42. The firm has a 50-day moving average of $128.89 and a 200 day moving average of $91.93. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.37 and a quick ratio of 3.18.

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

Insiders Place Their Bets

In other Lumentum news, SVP Jae Kim sold 4,507 shares of Lumentum stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $116.88, for a total value of $526,778.16. Following the completion of the sale, the senior vice president owned 33,465 shares of the company’s stock, valued at approximately $3,911,389.20. This trade represents a 11.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vincent Retort sold 22,719 shares of Lumentum stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $110.00, for a total value of $2,499,090.00. Following the completion of the sale, the insider directly owned 121,747 shares of the company’s stock, valued at approximately $13,392,170. The trade was a 15.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,687 shares of company stock worth $4,759,552. 0.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lumentum

A number of large investors have recently added to or reduced their stakes in LITE. PointState Capital LP bought a new stake in Lumentum in the 1st quarter worth approximately $213,503,000. Hood River Capital Management LLC grew its position in Lumentum by 82.1% in the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after purchasing an additional 994,551 shares during the period. Analog Century Management LP bought a new stake in Lumentum in the 1st quarter worth approximately $60,348,000. Norges Bank bought a new stake in Lumentum in the 2nd quarter worth approximately $82,983,000. Finally, Channing Capital Management LLC bought a new stake in Lumentum in the 1st quarter worth approximately $36,715,000. Institutional investors own 94.05% of the company’s stock.

About Lumentum

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.