Lumentum (NASDAQ:LITE) Given New $1,100.00 Price Target at Susquehanna

Lumentum (NASDAQ:LITE) had its target price hoisted by Susquehanna from $550.00 to $1,100.00 in a research report sent to investors on Monday morning,MarketScreener reports. The firm currently has a positive rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. Zacks Research cut Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Morgan Stanley increased their target price on Lumentum to $595.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 18th. Barclays increased their target price on Lumentum to $750.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. TD Cowen increased their target price on Lumentum from $675.00 to $875.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Finally, Needham & Company LLC increased their target price on Lumentum to $850.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $711.63.

Lumentum Price Performance

LITE stock opened at $895.11 on Monday. The stock has a 50-day moving average price of $716.61 and a two-hundred day moving average price of $447.12. The stock has a market cap of $63.91 billion, a PE ratio of 274.57 and a beta of 1.38. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. Lumentum has a 1 year low of $49.13 and a 1 year high of $960.00.

Lumentum (NASDAQ:LITE) last released its earnings results 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. The firm had revenue of $665.50 million during the quarter, compared to analysts’ expectations of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The company’s revenue was up 65.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Equities analysts forecast that Lumentum will post 5.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Wajid Ali sold 5,302 shares of the firm’s 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 in the company, valued at approximately $45,812,934.31. This trade represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Penny Herscher sold 4,849 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $535.48, for a total transaction of $2,596,542.52. Following the completion of the sale, the director owned 6,057 shares of the company’s stock, valued at $3,243,402.36. This trade represents a 44.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 65,775 shares of company stock worth $38,851,343 over the last 90 days. 0.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lumentum

Hedge funds have recently bought and sold shares of the company. Hilton Head Capital Partners LLC acquired a new stake in Lumentum in the 1st quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its stake in Lumentum by 363.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after purchasing an additional 131 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Lumentum in the 4th quarter valued at about $28,000. Truvestments Capital LLC lifted its stake in Lumentum by 300.0% in the 4th quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after purchasing an additional 57 shares during the last quarter. Finally, Triumph Capital Management acquired a new stake in Lumentum in the 4th quarter valued at about $30,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Lumentum Company Profile

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.