Northland Securities Raises Earnings Estimates for Lumentum

Lumentum Holdings Inc. (NASDAQ:LITE) – Equities research analysts at Northland Securities raised their Q3 2026 earnings per share estimates for shares of Lumentum in a research report issued on Wednesday, February 4th. Northland Securities analyst T. Savageaux now anticipates that the technology company will earn $1.80 per share for the quarter, up from their previous estimate of $1.04. The consensus estimate for Lumentum’s current full-year earnings is $0.03 per share. Northland Securities also issued estimates for Lumentum’s Q4 2026 earnings at $1.99 EPS and FY2026 earnings at $5.50 EPS.

Several other brokerages have also commented on LITE. JPMorgan Chase & Co. lifted their price target on shares of Lumentum to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Wolfe Research reiterated an “outperform” rating and set a $240.00 target price on shares of Lumentum in a research report on Wednesday, November 5th. Citigroup boosted their target price on Lumentum to $560.00 and gave the company a “buy” rating in a report on Thursday. Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Finally, Needham & Company LLC lifted their price target on Lumentum to $550.00 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Lumentum presently has an average rating of “Moderate Buy” and an average target price of $444.94.

Lumentum Stock Up 9.4%

LITE stock opened at $551.99 on Monday. The company’s 50 day moving average is $367.68 and its two-hundred day moving average is $239.46. Lumentum has a twelve month low of $45.65 and a twelve month high of $558.38. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.06. The stock has a market cap of $39.41 billion, a P/E ratio of 169.32 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.26. The business had revenue of $665.50 million for the quarter, compared to analyst estimates of $646.74 million. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The business’s quarterly revenue was up 65.5% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS.

Institutional Investors Weigh In On Lumentum

A number of hedge funds have recently added to or reduced their stakes in LITE. Advisors Asset Management Inc. increased its position in Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after purchasing an additional 254 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Lumentum by 109.9% in the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock valued at $747,000 after buying an additional 6,275 shares in the last quarter. Empowered Funds LLC grew its holdings in Lumentum by 9.1% during the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock worth $507,000 after acquiring an additional 680 shares during the period. KLP Kapitalforvaltning AS raised its position in Lumentum by 7.9% in the second quarter. KLP Kapitalforvaltning AS now owns 15,071 shares of the technology company’s stock worth $1,433,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in Lumentum by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the technology company’s stock valued at $1,854,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Transactions at Lumentum

In related news, Director Pamela Fletcher sold 3,421 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total transaction of $935,746.13. Following the completion of the sale, the director directly owned 10,561 shares of the company’s stock, valued at $2,888,750.33. This trade represents a 24.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Yuen Wupen sold 822 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total transaction of $212,865.12. Following the completion of the transaction, the insider directly owned 95,077 shares in the company, valued at $24,621,139.92. This represents a 0.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 7,180 shares of company stock worth $1,847,480 over the last 90 days. 0.43% of the stock is currently owned by insiders.

Key Lumentum News

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: JPMorgan raised its price target to $565 and kept an “overweight” rating, signaling confidence in additional upside from Lumentum. JPMorgan raises PT to $565
• Positive Sentiment: Citigroup raised its price target to $560 and maintained a “buy” rating, supporting the bullish analyst momentum. Citigroup raises PT to $560
• Positive Sentiment: Northland published a much higher FY2027 EPS projection ($10.69 vs. street consensus near $0.03), reflecting expectations for sustained margin expansion and accelerated revenue — a strong forward signal for investors. Northland FY2027 EPS estimate
• Positive Sentiment: Company results: Q2 FY2026 reported EPS of $1.67 (vs. $1.41 consensus) and revenue $665.5M (vs. $646.7M); management set Q3 EPS guidance of $2.15–$2.35 — these beats and the guide raise are the core fundamental reason the stock is rising. Earnings call transcript
• Positive Sentiment: Sector/market tailwind: coverage highlighting hyperscaler capex “explosion” points to strong demand for Lumentum’s optical components, bolstering revenue growth expectations. Capex tailwind article
• Neutral Sentiment: Press pieces noting Lumentum hit new all-time highs and extended a multi-day winning streak after earnings — confirms market momentum but is descriptive rather than new catalyst. All-time high coverage
• Neutral Sentiment: Fund/strategy commentary (e.g., Fidelity growth strategy mentions) highlights Lumentum as a high-growth name, supporting institutional interest but not an immediate catalyst. Fund commentary
• Negative Sentiment: B. Riley upgraded Lumentum to “buy” but set a $526 price target (below the stock’s current level), implying limited near-term upside from that shop’s perspective and introducing a potential anchor on further gains. B. Riley upgrade and PT $526

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.