Analysts Set Lumentum Holdings Inc. (NASDAQ:LITE) PT at $1,003.75

Lumentum Holdings Inc. (NASDAQ:LITE) has earned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $1,012.4286.

Several analysts recently issued reports on LITE shares. Rosenblatt Securities raised their target price on Lumentum from $900.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. BNP Paribas Exane raised their target price on Lumentum from $1,040.00 to $1,300.00 in a research note on Wednesday, May 6th. B. Riley Financial reissued a “buy” rating on shares of Lumentum in a research note on Friday, May 1st. Morgan Stanley raised 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, May 6th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $1,014.00 target price on shares of Lumentum in a research note on Wednesday, May 6th.

Insiders Place Their Bets

In other Lumentum news, CFO Wajid Ali sold 5,302 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were 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 directly owned 66,287 shares in the company, valued at $45,812,934.31. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Vincent Retort sold 3,441 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $545.78, for a total transaction of $1,878,028.98. Following the completion of the sale, the insider owned 95,975 shares of the company’s stock, valued at $52,381,235.50. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 78,359 shares of company stock valued at $53,062,952 over the last ninety days. 0.43% of the stock is owned by corporate insiders.

Institutional Trading of Lumentum

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Lumentum by 0.6% during the third quarter. Vanguard Group Inc. now owns 7,485,282 shares of the technology company’s stock valued at $1,217,930,000 after purchasing an additional 41,975 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Lumentum by 18.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,854,801 shares of the technology company’s stock valued at $683,661,000 after purchasing an additional 291,591 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Lumentum by 9.6% during the fourth quarter. Geode Capital Management LLC now owns 1,412,213 shares of the technology company’s stock valued at $521,563,000 after purchasing an additional 123,265 shares during the last quarter. Situational Awareness LP lifted its holdings in shares of Lumentum by 210.9% during the fourth quarter. Situational Awareness LP now owns 1,298,400 shares of the technology company’s stock valued at $478,577,000 after purchasing an additional 880,800 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Lumentum during the fourth quarter valued at approximately $474,495,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Lumentum Stock Down 5.8%

Shares of Lumentum stock opened at $992.37 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.14. Lumentum has a 52-week low of $71.04 and a 52-week high of $1,085.68. The stock has a market capitalization of $77.21 billion, a price-to-earnings ratio of 183.77 and a beta of 1.53. The company’s 50 day moving average price is $793.08 and its 200-day moving average price is $520.30.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, May 5th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.10. The company had revenue of $808.40 million for the quarter, compared to analysts’ expectations of $810.21 million. Lumentum had a return on equity of 24.81% and a net margin of 17.61%.Lumentum’s quarterly revenue was up 90.1% on a year-over-year basis. During the same period last year, the firm earned $0.57 earnings per share. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. Equities research analysts forecast that Lumentum will post 5.96 EPS for the current year.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum has been added to the Nasdaq-100, a milestone that is driving fresh buying from index funds and momentum investors. Lumentum Joins the Nasdaq-100 Index®, Achieving New Milestone in Global Growth
• Positive Sentiment: Recent Q3 results beat expectations, and management’s guidance pointed to continued strength from AI and cloud data center demand, reinforcing the bull case for LITE. Lumentum Stock Rises 6% After Q3 Earnings: Should You Hold or Fold?
• Positive Sentiment: Northland Securities raised FY2027 EPS estimates for Lumentum, and Citic Securities lifted its price target to $1,186, signaling stronger long-term earnings expectations. Citic Securities adjusts price target on Lumentum
• Neutral Sentiment: Several recent articles argue that Lumentum’s rally has been so strong that investors are now questioning whether the stock is still fairly valued after a large year-to-date surge.
• Neutral Sentiment: Commentary also notes that supply constraints and a premium valuation could limit near-term upside even as demand remains strong.

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.