Lumentum’s (LITE) “Buy” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Lumentum (NASDAQ:LITE) in a report published on Wednesday,Benzinga reports. Rosenblatt Securities currently has a $900.00 price target on the technology company’s stock.

Other analysts have also issued research reports about the stock. B. Riley Financial upgraded shares of Lumentum from a “neutral” rating to a “buy” rating and increased their price target for the stock from $147.00 to $526.00 in a research report on Wednesday, February 4th. Bank of America boosted their price objective on shares of Lumentum to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Susquehanna upped their target price on Lumentum to $550.00 and gave the stock a “positive” rating in a research note on Wednesday, February 4th. Citigroup raised their target price on Lumentum to $560.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, TD Cowen started coverage on Lumentum in a report on Thursday, March 12th. They set a “hold” rating and a $675.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $575.06.

Lumentum Stock Up 7.9%

LITE stock opened at $700.81 on Wednesday. Lumentum has a 52 week low of $45.65 and a 52 week high of $783.80. The business has a 50-day simple moving average of $526.57 and a 200 day simple moving average of $341.46. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The company has a market cap of $50.04 billion, a PE ratio of 214.97 and a beta of 1.38.

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, topping analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The firm had revenue of $665.50 million for the quarter, compared to the consensus estimate of $646.74 million. During the same period in the prior year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Sell-side analysts anticipate that Lumentum will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Lumentum news, insider Vincent Retort sold 45,026 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $591.32, for a total value of $26,624,774.32. Following the sale, the insider owned 102,455 shares in the company, valued at approximately $60,583,690.60. The trade was a 30.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Wajid Ali sold 5,302 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $691.13, for a total value of $3,664,371.26. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. Insiders sold 65,775 shares of company stock valued at $38,851,343 in the last quarter. 0.43% of the stock is currently owned by company insiders.

Institutional Trading of Lumentum

Institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its position in Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after purchasing an additional 254 shares during the period. NewEdge Advisors LLC lifted its position in shares of Lumentum by 109.9% in the 1st quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock worth $747,000 after purchasing an additional 6,275 shares during the period. Empowered Funds LLC boosted its stake in shares of 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 purchasing an additional 680 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Lumentum by 16.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 14,926 shares of the technology company’s stock valued at $1,419,000 after purchasing an additional 2,089 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new stake in shares of Lumentum during the second quarter worth $292,000. 94.05% of the stock is currently owned by institutional investors.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum disclosed a long‑term quarterly revenue run‑rate target of $2B and highlighted OFC demonstrations that show scale‑up/scale‑out networking traction, a key growth signal for AI data‑center spending. Lumentum leaps after revealing long‑term quarterly revenue run‑rate of $2B at OFC: Stifel
• Positive Sentiment: Analyst write‑ups highlight new products shown at OFC — a 1.6T DR4 OSFP transceiver and high‑power lasers — and link Lumentum’s roadmap to Nvidia’s multi‑billion optical spend; Seeking Alpha’s piece calls LITE a buy based on upgraded long‑term outlook and strong momentum. Why Lumentum Is A Buy Despite The Run‑Up
• Positive Sentiment: Rosenblatt reaffirmed a “buy” rating and set a $900 price target, signaling upside potential from continued AI/data‑center demand and product execution. Benzinga Rosenblatt note
• Positive Sentiment: Partnership/product integrations: Marvell and Lumentum demonstrated AI‑optimized optical circuit switching integration, reinforcing commercial pathways into hyperscale networking builds. Marvell, Lumentum showcase AI‑optimized optical circuit switching
• Positive Sentiment: Asset managers and industry commentators warn of multi‑year shortages for optical components as AI capex scales, a structural tailwind for suppliers like Lumentum. Multi‑year shortages coming for optical suppliers (T. Rowe Price)
• Neutral Sentiment: Company press releases detail multiple OFC demonstrations (VCSEL scale‑up and other showcases) that support technical credibility but will require customer conversions to fully materialize. Lumentum showcases VCSEL scale‑up demo at OFC
• Neutral Sentiment: Coverage pieces and transcript/slideshow summaries provide color on strategy and product demos but do not add new financials; useful for parsing roadmap execution risk. Lumentum transcript: Illuminating the Networks of Tomorrow
• Negative Sentiment: Morgan Stanley moved LITE to an “equal weight” with a $595 price target, implying downside from current levels and signalling some analyst caution despite product momentum. Benzinga — Morgan Stanley update

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.