Lumentum (NASDAQ:LITE) Price Target Raised to $1,040.00 at Needham & Company LLC

Lumentum (NASDAQ:LITE) had its price target raised by Needham & Company LLC from $880.00 to $1,040.00 in a research note released on Tuesday morning,MarketScreener reports. They currently have a buy rating on the technology company’s stock.

A number of other research firms also recently weighed in on LITE. Barclays raised their target price on shares of Lumentum to $750.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Mizuho raised their price objective on Lumentum from $750.00 to $930.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. TD Cowen upped 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. Zacks Research cut Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Citigroup raised their price target on Lumentum to $560.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $757.25.

Lumentum Stock Down 6.5%

NASDAQ:LITE opened at $836.92 on Tuesday. The stock has a 50-day simple moving average of $722.13 and a 200 day simple moving average of $451.86. Lumentum has a 52-week low of $50.46 and a 52-week high of $960.00. The company has a market cap of $59.76 billion, a PE ratio of 256.72 and a beta of 1.38. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The firm had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. During the same quarter in the prior year, the firm posted $0.42 EPS. The business’s revenue was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, sell-side analysts expect that Lumentum will post 5.87 EPS for the current fiscal year.

Insider Activity

In other news, Director Penny Herscher sold 4,849 shares of the business’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 transaction, the director directly owned 6,057 shares in the company, valued at $3,243,402.36. The trade was a 44.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Vincent Retort sold 45,026 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $591.32, for a total transaction of $26,624,774.32. Following the completion of the sale, the insider directly owned 102,455 shares in the company, valued at approximately $60,583,690.60. The trade was a 30.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 65,775 shares of company stock valued at $38,851,343 over the last quarter. 0.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. raised its holdings in Lumentum by 7,168.8% in the 3rd quarter. Federated Hermes Inc. now owns 362,352 shares of the technology company’s stock valued at $58,958,000 after acquiring an additional 357,367 shares in the last quarter. FengHe Fund Management Pte. Ltd. bought a new position in shares of Lumentum in the third quarter worth $71,771,000. Pacer Advisors Inc. acquired a new position in Lumentum in the third quarter valued at about $1,512,000. Headwater Capital Co Ltd bought a new stake in Lumentum during the third quarter worth about $20,339,000. Finally, China Universal Asset Management Co. Ltd. bought a new stake in Lumentum during the third quarter worth about $1,383,000. 94.05% of the stock is currently owned by institutional investors.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Citigroup raised its price target to $1,100 and kept a Buy rating — a material upside signal for investors. Article Title
• Positive Sentiment: Needham boosted its target to $1,040 and maintained a Buy rating, citing upside vs. the current trade level. Article Title
• Positive Sentiment: Susquehanna lifted its target to $1,100 and kept a Positive rating, signaling conviction around Lumentum’s longer‑term market opportunity. Article Title
• Positive Sentiment: A Seeking Alpha piece argues Lumentum has shifted to a higher‑content optical platform (external light‑source architecture), potentially raising revenue per unit 2–2.5x and supporting faster future growth. Article Title
• Positive Sentiment: Industry coverage highlighting Lumentum’s role in light‑based AI networking and index momentum may attract thematic flows and longer‑term investor interest. Article Title
• Neutral Sentiment: Coverage noting Lumentum’s trending with Russell 1000 momentum points to flow‑driven moves rather than fresh fundamentals — helpful for short‑term liquidity but not a fundamental catalyst by itself. Article Title
• Negative Sentiment: Morgan Stanley raised its target only to $710 and kept an Equal‑Weight rating, implying downside vs. recent levels and signaling a more cautious view on near‑term upside; this contrast with higher targets can trigger selling. Article Title Article Title

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.