JPMorgan Chase & Co. Issues Positive Forecast for Lumentum (NASDAQ:LITE) Stock Price

Lumentum (NASDAQ:LITE) had its price target boosted by JPMorgan Chase & Co. to $565.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 12.01% from the company’s current price.

Several other research firms have also recently issued reports on LITE. Stifel Nicolaus lifted their price objective on shares of Lumentum to $480.00 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Mizuho raised their price target on Lumentum to $525.00 and gave the stock an “outperform” rating in a research note on Wednesday. Needham & Company LLC lifted their price target on Lumentum to $550.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Bank of America lifted their target price on shares of Lumentum to $520.00 and gave the company a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $439.88.

Lumentum Stock Up 8.4%

Shares of NASDAQ LITE opened at $504.42 on Wednesday. The company has a 50 day simple moving average of $363.15 and a 200-day simple moving average of $234.43. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 1.02. The company has a market capitalization of $35.76 billion, a P/E ratio of 154.73 and a beta of 1.51. Lumentum has a 1 year low of $45.65 and a 1 year high of $507.55.

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

Insider Activity at Lumentum

In related news, Director Pamela Fletcher sold 3,421 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total transaction of $935,746.13. Following the sale, the director owned 10,561 shares of the company’s stock, valued at $2,888,750.33. This trade represents a 24.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yuen Wupen sold 822 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total transaction of $212,865.12. Following the transaction, the insider directly owned 95,077 shares in the company, valued at $24,621,139.92. The trade was a 0.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 17,180 shares of company stock worth $4,551,380 over the last three months. 0.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LITE. Advisors Asset Management Inc. raised its holdings in shares of Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after buying an additional 254 shares during the period. NewEdge Advisors LLC lifted its position in shares of Lumentum by 109.9% during the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after purchasing an additional 6,275 shares during the last quarter. Empowered Funds LLC lifted its holdings in Lumentum by 9.1% during the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after buying an additional 680 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Lumentum by 14.1% in the second quarter. Janney Montgomery Scott LLC now owns 19,538 shares of the technology company’s stock worth $1,857,000 after purchasing an additional 2,409 shares during the period. Finally, KLP Kapitalforvaltning AS grew its position in shares of Lumentum by 7.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 15,071 shares of the technology company’s stock valued at $1,433,000 after buying an additional 1,100 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Company reported a large Q2 beat: EPS and revenue topped estimates, revenues jumped ~65.5% Y/Y, margins expanded and both component and systems businesses showed strong growth — the core driver behind the rally. Read More.
• Positive Sentiment: Management gave upbeat Q3 2026 revenue commentary (expects >$805M) and highlighted accelerating AI-related demand, which supports higher near-term growth and valuation. Read More.
• Positive Sentiment: Multiple firms raised ratings/targets after the results (Citigroup, Mizuho, Rosenblatt, B. Riley among others), providing fresh buy-side momentum and upward price-target revisions. Read More.
• Positive Sentiment: Street upgrades and research prominence — Zacks moved LITE to a Strong Buy (Rank #1) and several analysts highlighted new growth drivers — reinforcing the positive narrative. Read More.
• Neutral Sentiment: Northland Securities issued a dramatically higher FY2027 EPS estimate ($10.69), a major re-acceleration vs. consensus (~$0.03). If realized this would materially change valuation assumptions, but it’s a high-variance forecast that investors will watch for confirmation.
• Neutral Sentiment: Some analyst targets vary: Stifel and Bank of America also updated coverage (mixed ratings/targets), showing continued debate about the sustainable multiple even after the beat. Read More.
• Negative Sentiment: Valuation and liquidity metrics remain areas of caution — LITE’s trailing P/E is elevated and the company’s reported current ratio is below 1.0, which could temper upside if growth slows.

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.