Northland Securities Predicts Higher Earnings for Lumentum

Lumentum Holdings Inc. (NASDAQ:LITE) – Analysts at Northland Securities raised their Q3 2026 earnings estimates for Lumentum in a research report issued on Wednesday, February 4th. Northland Securities analyst T. Savageaux now anticipates that the technology company will post earnings per share of $1.80 for the quarter, up from their previous estimate of $1.04. The consensus estimate for Lumentum’s current full-year earnings is $0.03 per share. Northland Securities also issued estimates for Lumentum’s Q4 2026 earnings at $1.99 EPS and FY2026 earnings at $5.50 EPS.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on Lumentum to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Raymond James Financial cut shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price target on the stock. in a research report on Friday, October 31st. B. Riley Securities upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $147.00 to $526.00 in a research report on Wednesday, February 4th. Wall Street Zen downgraded shares of Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Wolfe Research reiterated an “outperform” rating and issued a $240.00 target price on shares of Lumentum in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Lumentum currently has an average rating of “Moderate Buy” and a consensus target price of $444.94.

Lumentum Price Performance

LITE stock opened at $551.99 on Monday. Lumentum has a 1 year low of $45.65 and a 1 year high of $558.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 0.45. The firm has a market capitalization of $39.41 billion, a PE ratio of 169.32 and a beta of 1.51. The business has a 50 day simple moving average of $367.68 and a 200-day simple moving average of $239.46.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company had revenue of $665.50 million during the quarter, compared to analysts’ expectations of $646.74 million. During the same quarter in the prior year, the company earned $0.42 EPS. Lumentum’s revenue was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS.

Insider Activity

In related news, insider Yuen Wupen sold 822 shares of Lumentum stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total value of $212,865.12. Following the completion of the transaction, the insider owned 95,077 shares in the company, valued at approximately $24,621,139.92. The trade was a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jae Kim sold 1,367 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $234.14, for a total transaction of $320,069.38. Following the sale, the senior vice president directly owned 38,570 shares in the company, valued at approximately $9,030,779.80. The trade was a 3.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 7,180 shares of company stock valued at $1,847,480. 0.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Axxcess Wealth Management LLC purchased a new position in shares of Lumentum in the 4th quarter valued at about $3,669,000. FourThought Financial Partners LLC purchased a new stake in shares of Lumentum during the fourth quarter worth approximately $217,000. Global Retirement Partners LLC raised its holdings in Lumentum by 95.6% in the fourth quarter. Global Retirement Partners LLC now owns 4,321 shares of the technology company’s stock valued at $1,593,000 after acquiring an additional 2,112 shares in the last quarter. Leonteq Securities AG purchased a new position in Lumentum in the fourth quarter worth approximately $96,000. Finally, Pinkerton Wealth LLC acquired a new position in Lumentum during the 4th quarter worth approximately $1,553,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: JPMorgan raised its price target to $565 and kept an “overweight” rating, signaling confidence in additional upside from Lumentum. JPMorgan raises PT to $565
• Positive Sentiment: Citigroup raised its price target to $560 and maintained a “buy” rating, supporting the bullish analyst momentum. Citigroup raises PT to $560
• Positive Sentiment: Northland published a much higher FY2027 EPS projection ($10.69 vs. street consensus near $0.03), reflecting expectations for sustained margin expansion and accelerated revenue — a strong forward signal for investors. Northland FY2027 EPS estimate
• Positive Sentiment: Company results: Q2 FY2026 reported EPS of $1.67 (vs. $1.41 consensus) and revenue $665.5M (vs. $646.7M); management set Q3 EPS guidance of $2.15–$2.35 — these beats and the guide raise are the core fundamental reason the stock is rising. Earnings call transcript
• Positive Sentiment: Sector/market tailwind: coverage highlighting hyperscaler capex “explosion” points to strong demand for Lumentum’s optical components, bolstering revenue growth expectations. Capex tailwind article
• Neutral Sentiment: Press pieces noting Lumentum hit new all-time highs and extended a multi-day winning streak after earnings — confirms market momentum but is descriptive rather than new catalyst. All-time high coverage
• Neutral Sentiment: Fund/strategy commentary (e.g., Fidelity growth strategy mentions) highlights Lumentum as a high-growth name, supporting institutional interest but not an immediate catalyst. Fund commentary
• Negative Sentiment: B. Riley upgraded Lumentum to “buy” but set a $526 price target (below the stock’s current level), implying limited near-term upside from that shop’s perspective and introducing a potential anchor on further gains. B. Riley upgrade and PT $526

About Lumentum

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.