Susquehanna Raises Lumentum (NASDAQ:LITE) Price Target to $420.00

Lumentum (NASDAQ:LITE) had its price objective lifted by equities researchers at Susquehanna from $230.00 to $420.00 in a research note issued on Thursday, Marketbeat.com reports. The brokerage currently has a “positive” rating on the technology company’s stock. Susquehanna’s price target indicates a potential upside of 23.82% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Stifel Nicolaus upped their price target on Lumentum from $220.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday. Mizuho set a $455.00 target price on Lumentum in a research report on Friday, January 9th. Raymond James Financial cut Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price target for the company. in a research note on Friday, October 31st. Barclays boosted their price target on Lumentum from $181.00 to $365.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Finally, Wall Street Zen lowered shares of Lumentum from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $285.19.

Lumentum Trading Down 4.3%

Shares of NASDAQ LITE opened at $339.19 on Thursday. Lumentum has a 1-year low of $45.65 and a 1-year high of $402.79. The business has a fifty day moving average price of $338.45 and a 200 day moving average price of $214.79. The stock has a market capitalization of $24.05 billion, a P/E ratio of 227.65 and a beta of 1.51. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, November 4th. The technology company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The business had revenue of $533.80 million during the quarter, compared to the consensus estimate of $525.10 million. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The firm’s revenue was up 58.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Equities research analysts expect that Lumentum will post 0.03 EPS for the current fiscal year.

Insider Activity

In other Lumentum news, Director Pamela Fletcher sold 3,421 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total transaction of $935,746.13. Following the sale, the director directly owned 10,561 shares of the company’s stock, valued at approximately $2,888,750.33. This trade represents a 24.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Isaac Hosojiro Harris sold 7,200 shares of Lumentum stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $243.32, for a total value of $1,751,904.00. Following the transaction, the director owned 9,764 shares of the company’s stock, valued at $2,375,776.48. The trade was a 42.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,612 shares of company stock valued at $7,317,398 over the last quarter. Insiders own 0.43% of the company’s stock.

Institutional Trading of Lumentum

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership raised its position in Lumentum by 8,579.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after acquiring an additional 1,545,199 shares in the last quarter. Hood River Capital Management LLC grew its stake in shares of Lumentum by 82.1% during the 2nd quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after purchasing an additional 994,551 shares during the period. Norges Bank purchased a new position in shares of Lumentum during the 2nd quarter valued at approximately $82,983,000. Assenagon Asset Management S.A. increased its holdings in shares of Lumentum by 707.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock valued at $366,555,000 after purchasing an additional 871,249 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of Lumentum in the 3rd quarter valued at $136,401,000. 94.05% of the stock is owned by institutional investors and hedge funds.

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.