Lumentum (NASDAQ:LITE) Given New $225.00 Price Target at Rosenblatt Securities

Lumentum (NASDAQ:LITE) had its target price boosted by Rosenblatt Securities from $150.00 to $225.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

LITE has been the topic of several other reports. Wolfe Research assumed coverage on Lumentum in a research report on Tuesday, August 12th. They issued an “outperform” rating on the stock. Bank of America raised Lumentum from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $78.00 to $135.00 in a research report on Wednesday, August 13th. Stifel Nicolaus upped their target price on Lumentum from $100.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. upped their target price on Lumentum from $123.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. Finally, Raymond James Financial upped their target price on Lumentum from $125.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.36.

Lumentum Stock Down 2.4%

NASDAQ:LITE opened at $164.71 on Monday. The firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of 716.13 and a beta of 1.42. Lumentum has a 1-year low of $45.65 and a 1-year high of $173.38. The company has a current ratio of 4.37, a quick ratio of 3.18 and a debt-to-equity ratio of 2.26. The business’s fifty day moving average price is $126.51 and its 200 day moving average price is $91.00.

Lumentum (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.The firm had revenue of $480.70 million for the quarter, compared to analyst estimates of $465.27 million. During the same period in the previous year, the firm earned $0.06 earnings per share. Lumentum’s quarterly 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 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Yuen Wupen sold 3,281 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $124.86, for a total transaction of $409,665.66. Following the completion of the sale, the insider owned 101,273 shares in the company, valued at $12,644,946.78. This represents a 3.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jae Kim sold 4,507 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $116.88, for a total value of $526,778.16. Following the sale, the senior vice president owned 33,465 shares of the company’s stock, valued at approximately $3,911,389.20. The trade was a 11.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,687 shares of company stock worth $6,628,952 over the last 90 days. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Lumentum

Several hedge funds have recently added to or reduced their stakes in the business. MAI Capital Management lifted its position in shares of Lumentum by 27.0% in the 2nd quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after acquiring an additional 96 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Lumentum by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the technology company’s stock worth $1,854,000 after acquiring an additional 100 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Lumentum by 0.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 16,340 shares of the technology company’s stock worth $1,553,000 after acquiring an additional 115 shares during the period. Bessemer Group Inc. lifted its position in shares of Lumentum by 5.8% in the 2nd quarter. Bessemer Group Inc. now owns 2,473 shares of the technology company’s stock worth $234,000 after acquiring an additional 136 shares during the period. Finally, Keynote Financial Services LLC lifted its position in shares of Lumentum by 1.8% in the 2nd quarter. Keynote Financial Services LLC now owns 8,396 shares of the technology company’s stock worth $798,000 after acquiring an additional 148 shares during the period. 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.