Lumentum (NASDAQ:LITE) Stock Price Target Lowered at Susquehanna

Posted by Stanley Muller on Nov 3rd, 2026

Lumentum (NASDAQ:LITE – Get Free Report) had its target price cut by research analysts at Susquehanna from $1,100.00 to $950.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “positive” rating on the technology company’s stock. Susquehanna‘s target price indicates a potential upside of 38.81% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lumentum in a report on Monday, August 31st. They set a “buy” rating and a $1,200.00 price target on the stock. JPMorgan Chase & Co. raised their target price on Lumentum from $1,165.00 to $1,280.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Stifel Nicolaus set a $806.00 target price on Lumentum in a report on Monday. Needham & Company LLC reduced their price target on Lumentum from $1,040.00 to $800.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Stonex Financia upgraded Lumentum to a “strong-buy” rating in a research report on Monday, October 26th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,052.17.

Check Out Our Latest Stock Analysis on Lumentum

Lumentum Trading Down 18.6%

Shares of LITE stock opened at $684.40 on Tuesday. Lumentum has a twelve month low of $184.20 and a twelve month high of $1,143.00. The stock’s fifty day simple moving average is $919.26 and its 200 day simple moving average is $796.61. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $61.99 billion, a P/E ratio of -8.33 and a beta of 1.53.

Lumentum (NASDAQ:LITE – Get Free Report) last posted its earnings results on Monday, November 2nd. The technology company reported $4.57 EPS for the quarter, beating the consensus estimate of $4.22 by $0.35. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. The business’s quarterly revenue was up 136.5% on a year-over-year basis. During the same period last year, the company earned $1.10 earnings per share. As a group, sell-side analysts predict that Lumentum will post 19.79 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Wajid Ali sold 24,542 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the transaction, the chief financial officer directly owned 75,074 shares of the company’s stock, valued at $78,715,089. The trade was a 24.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 307 shares of the company’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total value of $290,115.00. Following the sale, the insider owned 108,320 shares in the company, valued at approximately $102,362,400. The trade was a 0.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 94,496 shares of company stock worth $85,978,498 in the last ninety days. Insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On Lumentum

A number of hedge funds have recently added to or reduced their stakes in the business. Alps Advisors Inc. increased its stake in shares of Lumentum by 13.7% in the 3rd quarter. Alps Advisors Inc. now owns 540 shares of the technology company’s stock valued at $524,000 after acquiring an additional 65 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Lumentum in the third quarter worth $236,000. Ariose Capital Management Ltd acquired a new stake in Lumentum in the third quarter worth $9,523,000. Alta Advisers Ltd grew its holdings in Lumentum by 110.4% in the third quarter. Alta Advisers Ltd now owns 646 shares of the technology company’s stock worth $627,000 after purchasing an additional 339 shares during the period. Finally, Glaxis Capital Management LLC acquired a new position in shares of Lumentum during the third quarter valued at about $1,263,000. 94.05% of the stock is currently owned by institutional investors.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: Lumentum beat fiscal first-quarter expectations, reporting $4.57 in adjusted EPS versus the $4.22 consensus estimate. Revenue was approximately $1.26 billion, up 136.5% year over year and in line with forecasts. Lumentum Beats Q1 Earnings and Revenue Estimates
Positive Sentiment: The proposed combination would unite Marvell’s custom silicon and networking technology with Lumentum’s optical components, creating a larger AI-data-center connectivity platform and potentially giving the combined company greater scale in a rapidly expanding market. Marvell and Lumentum to Combine
Neutral Sentiment: The transaction would be financed entirely with stock. Lumentum shareholders would receive 4.5 Marvell shares per Lumentum share and own about 33% of the combined company; the deal carries an implied enterprise value of roughly $115 billion, including debt. Its final value will fluctuate with Marvell’s share price. Marvell Buys Lumentum for $115 Billion
Negative Sentiment: Investors appear concerned that Marvell is paying an aggressive price at a time when the AI infrastructure boom is facing questions about spending durability and returns. Analysts have cited dilution, limited near-term upside and integration risk, while comparisons with past technology bubbles have further pressured the shares. Stocks Downgraded on Merger Concerns
Negative Sentiment: Shareholder-rights law firms are investigating whether Lumentum is receiving a fair price and whether insiders’ interests or deal restrictions could limit competing offers. These reviews add uncertainty around approval and completion. Lumentum Shareholder Investigation

About Lumentum

(Get Free Report)

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.