Lumentum (NASDAQ:LITE) Stock Gets Price Target Cut from TD Cowen

Posted by George Bondi on Nov 6th, 2026

Lumentum (NASDAQ:LITE – Free Report) had its price target decreased by TD Cowen from $820.00 to $685.00 in a research report released on Tuesday,Benzinga reports. TD Cowen currently has a hold rating on the technology company’s stock.

A number of other equities research analysts also recently issued reports on LITE. Stifel Nicolaus set a $806.00 price objective on Lumentum in a research report on Monday. Sanford C. Bernstein started coverage on Lumentum in a research report on Wednesday, September 30th. They set an “outperform” rating and a $1,220.00 target price for the company. Morgan Stanley boosted their target price on Lumentum from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. Weiss Ratings lowered Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. Finally, Mizuho set a $1,132.00 price target on Lumentum in a report on Monday. Two equities research 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. According to data from MarketBeat, Lumentum presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,081.61.

Check Out Our Latest Research Report on Lumentum

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $509.70 on Tuesday. The company has a 50 day moving average of $902.48 and a 200 day moving average of $800.69. The company has a current ratio of 1.61, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The stock has a market cap of $46.23 billion, a P/E ratio of -6.47 and a beta of 1.64. Lumentum has a 12 month low of $215.35 and a 12 month high of $1,143.00.

Lumentum (NASDAQ:LITE – Get Free Report) last posted its earnings results on Monday, November 2nd. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.22 by $0.35. Lumentum had a negative net margin of 175.82% and a positive return on equity of 28.85%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the company posted $1.10 EPS. The business’s revenue for the quarter was up 136.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Lumentum will post 19.80 EPS for the current fiscal year.

Insider Transactions at Lumentum

In related news, insider Yuen Wupen sold 1,500 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $827.82, for a total value of $1,241,730.00. Following the completion of the transaction, the insider directly owned 100,434 shares in the company, valued at approximately $83,141,273.88. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jae Kim sold 12,000 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $852.58, for a total value of $10,230,960.00. Following the completion of the transaction, the senior vice president directly owned 37,804 shares in the company, valued at approximately $32,230,934.32. This represents a 24.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 94,496 shares of company stock worth $85,978,498. Company insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On Lumentum

Hedge funds have recently added to or reduced their stakes in the company. Artemis Wealth Advisors LLC increased its holdings in shares of Lumentum by 28.6% in the third quarter. Artemis Wealth Advisors LLC now owns 4,500 shares of the technology company’s stock worth $4,371,000 after buying an additional 1,000 shares during the period. FDx Advisors Inc. purchased a new stake in Lumentum during the 3rd quarter valued at about $246,000. Maryland State Retirement & Pension System boosted its holdings in Lumentum by 25.7% during the 3rd quarter. Maryland State Retirement & Pension System now owns 4,761 shares of the technology company’s stock valued at $4,624,000 after acquiring an additional 974 shares during the period. Joel Isaacson & Co. LLC purchased a new stake in Lumentum during the 3rd quarter valued at about $246,000. Finally, Jacobi Capital Management LLC purchased a new stake in Lumentum during the 3rd quarter valued at about $140,000. Institutional investors own 94.05% of the company’s stock.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

Positive Sentiment: The proposed Marvell acquisition could combine complementary technologies and support revenue growth and better gross margins over time. Marvell’s Deal to Acquire Lumentum Could Be a Game Changer for the Stock
Neutral Sentiment: The deal is an all-stock transaction, with Lumentum holders set to receive 4.5 Marvell shares per Lumentum share. That structure means the value of the consideration can fluctuate with Marvell’s stock. Lumentum declines, continues retreat after all-stock Marvell deal
Negative Sentiment: The immediate pressure appears largely sector-driven: AI optical stocks fell for a second session, with selling persisting even as companies in the group reported strong results. One report said Lumentum’s decline had no clear company-specific catalyst. AI optical stocks slide Lumentum Drops in a Single Session With No Clear Catalyst
Negative Sentiment: Several firms issued more cautious views: Rosenblatt lowered expectations, TD Cowen published a pessimistic forecast, and B. Riley downgraded its rating. Rosenblatt Securities Lowers Expectations TD Cowen Issues Pessimistic Forecast B. Riley Lowers Lumentum Rating
Negative Sentiment: A law firm is investigating the proposed Marvell deal’s price and process, adding another source of transaction uncertainty. Investor alert on proposed sale 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.