JPMorgan Chase & Co. Increases Lumentum (NASDAQ:LITE) Price Target to $185.00

Lumentum (NASDAQ:LITE) had its price target boosted by JPMorgan Chase & Co. from $145.00 to $185.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 12.28% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. KGI Securities started coverage on Lumentum in a research report on Monday, August 18th. They set an “outperform” rating on the stock. Raymond James Financial increased their price target on Lumentum from $125.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 13th. UBS Group increased their target price on Lumentum from $78.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Needham & Company LLC reissued a “buy” rating and set a $145.00 target price (up previously from $135.00) on shares of Lumentum in a report on Wednesday, August 13th. Finally, Rosenblatt Securities increased their target price on Lumentum from $150.00 to $225.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and a consensus target price of $139.43.

Lumentum Stock Performance

Shares of LITE stock opened at $164.77 on Thursday. The company has a market capitalization of $11.68 billion, a P/E ratio of 716.39 and a beta of 1.42. The business’s 50 day moving average is $147.38 and its two-hundred day moving average is $103.21. The company has a current ratio of 4.37, a quick ratio of 3.18 and a debt-to-equity ratio of 2.26. Lumentum has a 12-month low of $45.65 and a 12-month high of $178.49.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings results on Tuesday, August 12th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The company had revenue of $480.70 million for the quarter, compared to the consensus estimate of $465.27 million. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.Lumentum’s revenue for the quarter was up 55.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 earnings per share. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Analysts expect that Lumentum will post 0.03 EPS for the current fiscal year.

Insider Transactions at Lumentum

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 value of $409,665.66. Following the completion of the sale, the insider owned 101,273 shares of the company’s stock, valued at approximately $12,644,946.78. This trade represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Julia Suzanne Johnson sold 1,250 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $119.06, for a total value of $148,825.00. Following the completion of the sale, the director directly owned 22,037 shares of the company’s stock, valued at approximately $2,623,725.22. This represents a 5.37% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,687 shares of company stock valued at $4,759,552. 0.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lumentum

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Lumentum by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,430,185 shares of the technology company’s stock worth $463,198,000 after buying an additional 47,811 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Lumentum during the first quarter worth $260,000. FORA Capital LLC purchased a new position in shares of Lumentum during the first quarter worth $642,000. Principal Financial Group Inc. boosted its position in shares of Lumentum by 1.1% during the first quarter. Principal Financial Group Inc. now owns 159,154 shares of the technology company’s stock worth $9,922,000 after buying an additional 1,660 shares during the period. Finally, Quantitative Investment Management LLC purchased a new position in shares of Lumentum during the first quarter worth $1,424,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Company Profile

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.