BNP Paribas Exane Issues Positive Forecast for Lumentum (NASDAQ:LITE) Stock Price

Lumentum (NASDAQ:LITE) had its target price lifted by equities research analysts at BNP Paribas Exane from $1,040.00 to $1,300.00 in a report issued on Wednesday,MarketScreener reports. BNP Paribas Exane’s price target points to a potential upside of 33.31% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Mizuho upped their price objective on shares of Lumentum from $750.00 to $930.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Rosenblatt Securities lifted their target price on Lumentum from $900.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday. Northland Securities set a $1,000.00 price objective on Lumentum in a report on Monday, April 20th. Weiss Ratings restated a “hold (c)” rating on shares of Lumentum in a research report on Tuesday, April 21st. Finally, Zacks Research cut Lumentum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $912.42.

Lumentum Stock Down 2.0%

Shares of NASDAQ:LITE opened at $975.16 on Wednesday. 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 $69.63 billion, a price-to-earnings ratio of 299.16 and a beta of 1.53. Lumentum has a fifty-two week low of $60.38 and a fifty-two week high of $1,021.00. The firm’s 50-day simple moving average is $766.66 and its 200-day simple moving average is $492.31.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.27 by $0.10. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company had revenue of $808.40 million for the quarter, compared to analyst estimates of $810.05 million. During the same period in the previous year, the firm earned $0.57 EPS. The business’s revenue was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. As a group, equities research analysts predict that Lumentum will post 5.87 earnings per share for the current year.

Insider Activity at Lumentum

In other Lumentum news, CFO Wajid Ali sold 5,302 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was 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 owned 66,287 shares of the company’s stock, valued at $45,812,934.31. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vincent Retort sold 3,441 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $545.78, for a total value of $1,878,028.98. Following the transaction, the insider directly owned 95,975 shares in the company, valued at $52,381,235.50. This trade represents a 3.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 65,775 shares of company stock valued at $38,851,343. 0.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Hilton Head Capital Partners LLC bought a new position in Lumentum during the 1st quarter valued at approximately $25,000. Sachetta LLC increased its position in Lumentum by 118.8% during the 1st quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after buying an additional 19 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in 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 buying an additional 131 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Lumentum during the fourth quarter valued at $28,000. Finally, Truvestments Capital LLC boosted its holdings in Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock worth $28,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q3 EPS beat and strong profitability — Lumentum reported $2.37 EPS, topping estimates and showing large year?over?year improvement (vs $0.57 a year ago); net margin and ROE metrics improved, which underpins higher valuation expectations. MarketBeat earnings summary
• Positive Sentiment: Raised FY/Q4 guidance — Lumentum provided Q4 EPS guidance of $2.85–$3.05 versus consensus ~2.59, signaling continued AI/data?center demand and setting expectations above Street views. Seeking Alpha guidance story
• Positive Sentiment: Analysts raise targets and reiterate buys — Loop Capital to $1,400, Rosenblatt to $1,300, Stifel to $1,100 (all buy), which gives multi?hundred?dollar upside scenarios cited by brokers and can support the stock after the print. Loop Capital note Rosenblatt / Stifel coverage
• Positive Sentiment: Company sees AI-driven revenue upside — Management and press note that AI/data?center optics are driving demand, and some outlets report revenue forecasts above estimates tied to that secular trend. MSN: AI-driven demand
• Neutral Sentiment: Full earnings materials and transcript available — Call transcript, slide deck and press release provide management detail for investors doing deeper due diligence. Earnings call transcript
• Neutral Sentiment: Analyst commentary supports long?term growth thesis — Notes from Zacks/Seeking Alpha highlight very strong YoY revenue growth (~90%) and rapid EPS expansion, arguing valuation reflects growth expectations. Zacks coverage
• Negative Sentiment: Revenue slightly missed Street estimate — Reported revenue $808.4M vs. consensus ~$810.0M; despite beat on EPS, the revenue shortfall and an outsized prior rally appear to have prompted profit?taking. Yahoo: shares tumble
• Negative Sentiment: Short-term technical/positioning risk — After a massive YTD and 1?year run, some outlets warn the bar is very high and volatility/mean reversion could pressure the stock in the near term. 247WallSt: surge caution

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.