Lumentum (NASDAQ:LITE) Price Target Raised to $710.00

Lumentum (NASDAQ:LITE) had its target price upped by Morgan Stanley from $595.00 to $710.00 in a research report report published on Monday morning, MarketBeat.com reports. They currently have an equal weight rating on the technology company’s stock.

Several other equities research analysts have also recently commented on LITE. Rosenblatt Securities restated a “buy” rating and issued a $900.00 target price on shares of Lumentum in a research note on Wednesday, March 18th. Citigroup boosted their price target on Lumentum to $560.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. B. Riley Financial raised Lumentum from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $147.00 to $526.00 in a research report on Wednesday, February 4th. UBS Group boosted their price target on Lumentum from $215.00 to $455.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, Stifel Nicolaus boosted their price target on Lumentum to $800.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $757.25.

Lumentum Trading Up 4.4%

NASDAQ LITE opened at $873.60 on Monday. The stock has a market capitalization of $62.38 billion, a price-to-earnings ratio of 267.98 and a beta of 1.38. The stock’s 50 day moving average price is $728.12 and its two-hundred day moving average price is $454.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. Lumentum has a 52 week low of $55.00 and a 52 week high of $960.00.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS 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 analysts’ expectations of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The business’s quarterly revenue was up 65.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, analysts anticipate that Lumentum will post 5.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Wajid Ali sold 5,302 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 66,287 shares of the company’s stock, valued at approximately $45,812,934.31. The trade was a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Yuen Wupen sold 3,157 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the completion of the transaction, the insider directly owned 88,439 shares in the company, valued at approximately $47,580,182. This represents a 3.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,775 shares of company stock valued at $38,851,343 over the last 90 days. 0.43% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LITE. Advisors Asset Management Inc. grew its holdings in Lumentum by 36.8% in 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 in the last quarter. NewEdge Advisors LLC grew its holdings in Lumentum by 109.9% in the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock valued at $747,000 after buying an additional 6,275 shares in the last quarter. Empowered Funds LLC grew its holdings in Lumentum by 9.1% in the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after buying an additional 680 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Lumentum in the 2nd quarter valued at $298,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Lumentum in the 2nd quarter valued at $1,712,000. 94.05% of the stock is owned by institutional investors and hedge funds.

More Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Several major firms raised price targets and maintained buy ratings, signaling stronger Street conviction (Citigroup to $1,100; Needham to $1,040; Susquehanna to $1,100; Morgan Stanley to $710). Susquehanna Increases Lumentum Price Target to $1,100.00 Morgan Stanley Boosts Lumentum Price Target to $710.00 Citigroup Adjusts Price Target
• Positive Sentiment: Coverage pivoting to AI optics and Nvidia commitments: analysts and media are framing LITE as a beneficiary of accelerating AI networking demand and larger customer commitments, boosting the growth narrative. How The Lumentum Holdings (LITE) Story Is Shifting With AI Optics And Nvidia Commitments
• Positive Sentiment: Company management said Lumentum is sold out through 2027, indicating strong backlog and demand visibility—a key driver for revenue and margin upside if capacity expansion keeps pace. Lumentum Holdings (LITE) Sold Out Through 2027 on High Demand
• Positive Sentiment: Research firm Northland issued higher multi-quarter EPS forecasts (Q1–Q4 2027) reflecting accelerated growth expectations, which supports higher forward valuations. Northland Securities EPS Estimates for Lumentum
• Positive Sentiment: Analyst and trade press pieces (Zacks, Seeking Alpha) argue Lumentum is transitioning from telecom optics to higher-content, AI-networking optical platforms — implying higher revenue per unit and longer-term growth. Lumentum’s Transition Toward AI Networking: What’s Ahead?
• Neutral Sentiment: Investor commentary and buy-side pieces reiterate conviction but flag high headline multiples; some point to forward PEG and execution as justification — useful context but opinion-driven. I Am Still Buying Lumentum, But For A Better Reason Now
• Negative Sentiment: Tradr announced first-to-market inverse ETFs on Lumentum, making it easier and cheaper for market participants to bet against LITE — a potential headwind during short-term rallies. Tradr Set to Launch Inverse ETFs on Lumentum and Sandisk

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.