Lumentum (NASDAQ:LITE) Price Target Raised to $420.00 at Susquehanna

Lumentum (NASDAQ:LITE) had its price objective hoisted by Susquehanna from $230.00 to $420.00 in a research note released on Thursday, Marketbeat reports. Susquehanna currently has a positive rating on the technology company’s stock.

Several other research analysts have also recently commented on the stock. B. Riley raised their target price on shares of Lumentum from $83.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Northland Securities set a $350.00 target price on Lumentum in a research report on Wednesday, December 3rd. Mizuho set a $455.00 target price on Lumentum in a report on Friday, January 9th. Finally, Wolfe Research restated an “outperform” rating and issued a $240.00 price target on shares of Lumentum in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $267.38.

Lumentum Stock Performance

Shares of NASDAQ LITE opened at $354.49 on Thursday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The firm has a market cap of $25.13 billion, a price-to-earnings ratio of 237.91 and a beta of 1.51. The stock’s fifty day moving average price is $336.31 and its two-hundred day moving average price is $213.07. Lumentum has a one year low of $45.65 and a one year high of $402.79.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The company had revenue of $533.80 million during the quarter, compared to analysts’ expectations of $525.10 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. Lumentum’s quarterly revenue was up 58.4% on a year-over-year basis. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. On average, equities analysts forecast that Lumentum will post 0.03 EPS for the current year.

Insider Transactions at Lumentum

In other news, Director Pamela Fletcher sold 3,421 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $273.53, for a total value of $935,746.13. Following the sale, the director directly owned 10,561 shares in the company, valued at approximately $2,888,750.33. This trade represents a 24.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Isaac Hosojiro Harris sold 7,200 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $243.32, for a total transaction of $1,751,904.00. Following the transaction, the director owned 9,764 shares of the company’s stock, valued at approximately $2,375,776.48. This represents a 42.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 28,612 shares of company stock valued at $7,317,398. 0.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LITE. EverSource Wealth Advisors LLC boosted its holdings in shares of Lumentum by 363.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after acquiring an additional 131 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Lumentum in the fourth quarter valued at about $28,000. Danske Bank A S acquired a new stake in shares of Lumentum during the third quarter valued at about $33,000. Chesapeake Asset Management LLC bought a new stake in shares of Lumentum during the fourth quarter worth about $37,000. Finally, BOCHK Asset Management Ltd bought a new stake in shares of Lumentum during the fourth quarter worth about $37,000. 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.