Lumentum (NASDAQ:LITE) Research Coverage Started at TD Cowen

TD Cowen initiated coverage on shares of Lumentum (NASDAQ:LITE) in a research report released on Thursday morning, MarketBeat.com reports. The firm issued a hold rating and a $675.00 price objective on the technology company’s stock.

Several other research analysts also recently commented on the company. B. Riley Financial raised Lumentum from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $147.00 to $526.00 in a research note on Wednesday, February 4th. Stifel Nicolaus raised their price target on shares of Lumentum to $800.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Northland Securities set a $350.00 price target on shares of Lumentum in a report on Wednesday, December 3rd. Morgan Stanley upped their price objective on shares of Lumentum to $520.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Finally, UBS Group increased their price objective on shares of Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. 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. According to data from MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and a consensus price target of $550.38.

Lumentum Trading Up 1.0%

Shares of LITE stock opened at $622.50 on Thursday. The stock’s fifty day moving average price is $510.02 and its two-hundred day moving average price is $330.41. The company has a market cap of $44.45 billion, a PE ratio of 190.95 and a beta of 1.38. Lumentum has a fifty-two week low of $45.65 and a fifty-two week high of $783.80. 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 posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS 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 company had revenue of $665.50 million during the quarter, compared to analysts’ expectations of $646.74 million. During the same quarter in the previous year, the firm earned $0.42 EPS. Lumentum’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. Equities analysts predict that Lumentum will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling at Lumentum

In related news, CFO Wajid Ali sold 5,302 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $691.13, for a total transaction of $3,664,371.26. Following the completion of the transaction, the chief financial officer directly owned 66,287 shares of the company’s stock, valued at $45,812,934.31. This trade represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Penny Herscher sold 4,849 shares of Lumentum stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $535.48, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 65,775 shares of company stock worth $38,851,343 in the last three months. 0.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lumentum

Several institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in shares of Lumentum by 363.9% in the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after acquiring an additional 131 shares during the period. V Square Quantitative Management LLC bought a new stake in Lumentum in the fourth quarter valued at approximately $28,000. Truvestments Capital LLC increased its position in Lumentum by 300.0% during 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 period. Triumph Capital Management bought a new position in Lumentum during the 4th quarter worth approximately $30,000. Finally, Danske Bank A S bought a new position in Lumentum during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: NVIDIA strategic deal and US$2.0B investment underpin a major growth runway for Lumentum’s AI optics business — supports revenue visibility, R&D and a new U.S. fab. Why Lumentum (LITE) Is Down 5.3% After NVIDIA’s US$2 Billion AI Optics Investment Deal
• Positive Sentiment: CEO Michael Hurlston said Lumentum is “sold out really until the end of 2027,” signaling a heavy, multi-year backlog and strong demand for optical components. Lumentum CEO: sold out through end of 2027, no end in sight
• Positive Sentiment: Analyst optimism: Barclays raised its price target (to $750) after the NVIDIA news and earnings beat, reflecting higher modeled upside for AI optics exposure. Lumentum Holdings (LITE) Sees Strong Analyst Optimism Following Earnings & NVIDIA Deal
• Positive Sentiment: Multiple buy/recommendation write-ups and analyst coverage upgrades/new coverage are spotlighting Lumentum as a core AI-optics play. Lumentum Holdings (LITE): New Buy Recommendation for This Technology Giant
• Positive Sentiment: Inclusion in the S&P 500 (effective March 23) creates a date-certain, index-driven buyer base that should increase demand from passive funds. Lumentum Joins the S&P 500 Soon: Buy the Dip Before the Index Funds Have To?
• Neutral Sentiment: TD Cowen initiated coverage with a Hold rating and a $675 price target (modest upside vs. recent levels) — a balanced view that may temper short-term upside expectations. TD Cowen initiates coverage of Lumentum Holdings (LITE) with hold recommendation
• Negative Sentiment: Short-term selloff/volatility after the NVIDIA announcement likely reflects investor concerns about the convertible preferred structure, potential dilution and profit-taking after a strong rally. A Look At Lumentum Holdings (LITE) Valuation After Nvidia Investment And S&P 500 Inclusion

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.