Lumentum (NASDAQ:LITE) Stock Gets Price Target Trim from UBS Group

Posted by Logan Wallace on Nov 13th, 2026

Lumentum (NASDAQ:LITE – Free Report) had its target price lowered by UBS Group from $960.00 to $686.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

Several other equities analysts have also weighed in on the stock. Sanford C. Bernstein lifted their target price on shares of Lumentum from $635.00 to $700.00 and gave the company an “outperform” rating in a report on Tuesday. Wolfe Research reiterated an “outperform” rating on shares of Lumentum in a report on Friday, August 21st. Bank of America lowered their price target on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a report on Wednesday, August 12th. Jefferies Financial Group raised their price objective on Lumentum from $1,200.00 to $1,250.00 and gave the company a “buy” rating in a research report on Tuesday, October 20th. Finally, Stonex Financial upgraded Lumentum to a “strong-buy” rating in a research note on Monday, October 26th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,053.17.

Read Our Latest Analysis on Lumentum

Lumentum Trading Down 3.6%

NASDAQ LITE opened at $624.65 on Tuesday. The firm has a market capitalization of $56.66 billion, a price-to-earnings ratio of -7.94 and a beta of 1.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.27 and a current ratio of 1.61. Lumentum has a one year low of $215.35 and a one year high of $1,143.00. The company’s 50 day moving average price is $872.23 and its 200 day moving average price is $806.93.

Lumentum (NASDAQ:LITE – Get Free Report) last released its quarterly earnings data on Monday, November 2nd. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.22 by $0.35. Lumentum had a negative net margin of 175.82% and a positive return on equity of 28.85%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. Lumentum’s revenue for the quarter was up 136.5% on a year-over-year basis. On average, sell-side analysts predict that Lumentum will post 19.93 EPS for the current year.

Insider Buying and Selling

In other news, insider Yuen Wupen sold 307 shares of the company’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $945.00, for a total value of $290,115.00. Following the completion of the transaction, the insider directly owned 108,320 shares in the company, valued at approximately $102,362,400. This represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total transaction of $25,732,287.00. Following the sale, the chief financial officer directly owned 75,074 shares of the company’s stock, valued at approximately $78,715,089. The trade was a 24.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 94,496 shares of company stock worth $85,978,498 in the last quarter. Insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Lumentum

Institutional investors have recently added to or reduced their stakes in the company. Red Spruce Capital LLC lifted its stake in shares of Lumentum by 0.4% in the third quarter. Red Spruce Capital LLC now owns 3,200 shares of the technology company’s stock worth $3,108,000 after acquiring an additional 12 shares in the last quarter. CYBER HORNET ETFs LLC grew its stake in Lumentum by 7.2% during the 2nd quarter. CYBER HORNET ETFs LLC now owns 209 shares of the technology company’s stock valued at $179,000 after purchasing an additional 14 shares in the last quarter. Hilltop National Bank grew its stake in Lumentum by 26.8% during the 2nd quarter. Hilltop National Bank now owns 71 shares of the technology company’s stock valued at $61,000 after purchasing an additional 15 shares in the last quarter. TrinityBridge Ltd grew its stake in Lumentum by 35.8% during the 3rd quarter. TrinityBridge Ltd now owns 72 shares of the technology company’s stock valued at $70,000 after purchasing an additional 19 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. increased its holdings in Lumentum by 6.7% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 320 shares of the technology company’s stock worth $311,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Company Profile

(Get Free Report)

Lumentum Holdings Inc. develops and manufactures optical and photonic products used in communications networks and industrial applications. Its offerings include optical components, modules and lasers that help transmit and process data across telecommunications and data center networks. The company also supplies lasers and related technologies for industrial uses, including precision manufacturing and semiconductor production. Its products serve customers in markets around the world. Lumentum became an independent public company in 2015 through a spin-off from JDSU, now Viavi Solutions.