Craig Hallum Issues Positive Forecast for Lumentum (NASDAQ:LITE) Stock Price

Lumentum (NASDAQ:LITE) had its target price raised by Craig Hallum from $900.00 to $1,150.00 in a research report released on Wednesday,MarketScreener reports.

A number of other analysts have also issued reports on the company. Bank of America boosted their target price on Lumentum to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Mizuho set a $1,100.00 price objective on Lumentum in a research note on Wednesday. Susquehanna boosted their price objective on Lumentum from $550.00 to $1,100.00 and gave the company a “positive” rating in a report on Monday, April 20th. Morgan Stanley increased their target price on Lumentum from $710.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Northland Securities set a $1,000.00 target price on Lumentum in a report on Monday, April 20th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,003.75.

Lumentum Trading Down 5.0%

LITE stock traded down $47.51 during mid-day trading on Wednesday, hitting $896.77. 2,005,639 shares of the company were exchanged, compared to its average volume of 5,899,247. Lumentum has a 12-month low of $63.98 and a 12-month high of $1,021.00. The firm has a market capitalization of $64.03 billion, a P/E ratio of 166.61 and a beta of 1.53. The business has a fifty day simple moving average of $772.05 and a 200-day simple moving average of $497.81. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 38.64%. The business had revenue of $808.40 million for the quarter, compared to the consensus estimate of $810.21 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. On average, equities research analysts predict that Lumentum will post 5.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Wajid Ali sold 5,302 shares of the company’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 sale, the chief financial officer owned 66,287 shares of the company’s stock, valued at approximately $45,812,934.31. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Yuen Wupen sold 3,157 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $538.00, for a total value of $1,698,466.00. Following the completion of the sale, the insider owned 88,439 shares in the company, valued at approximately $47,580,182. The trade was a 3.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,775 shares of company stock worth $38,851,343 over the last ninety days. Insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Lumentum

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hilton Head Capital Partners LLC acquired a new stake in Lumentum in the first quarter valued at approximately $25,000. Sachetta LLC lifted its stake in Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock worth $25,000 after acquiring an additional 19 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Lumentum by 363.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after acquiring an additional 131 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Lumentum during the 4th quarter worth approximately $28,000. Finally, Truvestments Capital LLC increased its position in shares of 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. 94.05% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Rothschild Redburn initiated coverage with a Buy rating and $1,270 price target, citing Lumentum’s core positioning in photonics and AI data?center demand. Read More.
• Positive Sentiment: Loop Capital raised its price target to $1,400 and maintained a Buy, signaling strong conviction about upside from AI-related demand. Read More.
• Positive Sentiment: Rosenblatt upgraded/raised its forecast (PT to $1,300) and issued a Buy, adding to the cluster of bullish Street revisions. Read More.
• Positive Sentiment: Barclays lifted its price target to $1,000, reflecting higher conviction after Lumentum’s results/guidance. Read More.
• Positive Sentiment: JPMorgan moved to an Overweight and raised its target to $1,130, citing stronger AI-related demand dynamics. Read More.
• Positive Sentiment: BNP Paribas Exane increased its PT significantly (reported at $1,300 in recent coverage), joining other brokers boosting targets. Read More.
• Positive Sentiment: Stifel, among others, raised its PT to $1,100 and maintained a Buy, part of a broad investor re?rating of Lumentum. Read More.
• Positive Sentiment: Multiple outlets note that demand is exceeding supply—positive for pricing/pull?through and supporting the bullish analyst reactions. Read More.
• Neutral Sentiment: Lumentum reported Q3 results: EPS $2.37 (beat), revenue $808.4M (slightly below consensus), and set Q4 EPS guidance (2.85–3.05) above Street estimates — a mixed but forward?looking release. Read More.
• Neutral Sentiment: Analysts and commentary pieces outline a narrative shift: new customer commitments (including ties to major AI/data?center customers) and an expanding TAM, boosting modeled fair value estimates. Read More.
• Neutral Sentiment: Company earnings/transcript and slides provide management’s outlook and risk disclosures; useful for investors to confirm cadence, supply constraints and capex timing. Read More.
• Negative Sentiment: Despite the beat and strong guide, the stock fell as investors noted revenue missed slightly and that elevated expectations after recent rallies left little room for disappointment—prompting near?term selling. Read More.
• Negative Sentiment: Coverage pointed out that shares “tumbled despite strong print and guide” — a market reaction driven by stretched sentiment and profit?taking rather than fresh fundamental deterioration. Read More.

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.