Lumentum (NASDAQ:LITE) Price Target Raised to $350.00

Lumentum (NASDAQ:LITE) had its price target boosted by Morgan Stanley to $350.00 in a report issued on Friday, MarketBeat Ratings reports. Morgan Stanley currently has an equal weight rating on the technology company’s stock.

A number of other equities analysts have also recently weighed in on LITE. Northland Securities set a $350.00 price objective on shares of Lumentum in a research report on Wednesday, December 3rd. Wall Street Zen lowered shares of Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Citigroup raised their price target on Lumentum from $240.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Stifel Nicolaus boosted their price objective on shares of Lumentum from $220.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Raymond James Financial cut Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 target price for the company. in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $288.06.

Lumentum Trading Up 2.7%

Shares of Lumentum stock opened at $391.84 on Friday. The stock has a market cap of $27.78 billion, a PE ratio of 262.98 and a beta of 1.51. The firm has a fifty day moving average price of $350.73 and a 200 day moving average price of $226.30. Lumentum has a 1 year low of $45.65 and a 1 year high of $448.00. 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 quarterly earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The company had revenue of $533.80 million during the quarter, compared to the consensus estimate of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.Lumentum’s revenue for the quarter 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 predict that Lumentum will post 0.03 earnings per share for the current year.

Insider Transactions at Lumentum

In other Lumentum news, Director Julia Suzanne Johnson sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $270.39, for a total value of $2,703,900.00. Following the transaction, the director directly owned 12,037 shares of the company’s stock, valued at $3,254,684.43. This trade represents a 45.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew Joseph Sepe sold 4,232 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $239.63, for a total value of $1,014,114.16. Following the sale, the chief accounting officer owned 43,544 shares of the company’s stock, valued at $10,434,448.72. This represents a 8.86% decrease in their ownership of the stock. 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 in the last three months. 0.43% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lumentum

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its position in shares of Lumentum by 36.8% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after buying an additional 254 shares during the period. NewEdge Advisors LLC lifted its stake in Lumentum by 109.9% during the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock valued at $747,000 after purchasing an additional 6,275 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Lumentum by 9.1% during the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after acquiring an additional 680 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Lumentum by 1.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 22,304 shares of the technology company’s stock worth $2,120,000 after purchasing an additional 310 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Lumentum by 16.4% during the second quarter. Signaturefd LLC now owns 1,582 shares of the technology company’s stock valued at $150,000 after acquiring an additional 223 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

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.