Lumentum (NASDAQ:LITE) Sets New 1-Year High Following Analyst Upgrade

Lumentum Holdings Inc. (NASDAQ:LITE)’s stock price reached a new 52-week high on Friday after Morgan Stanley raised their price target on the stock to $350.00. Morgan Stanley currently has an equal weight rating on the stock. Lumentum traded as high as $446.28 and last traded at $421.9810, with a volume of 1217098 shares changing hands. The stock had previously closed at $381.44.

A number of other research analysts have also commented on LITE. Wolfe Research reiterated an “outperform” rating and issued a $240.00 price target on shares of Lumentum in a research note on Wednesday, November 5th. Rosenblatt Securities increased their price target on Lumentum to $380.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Raymond James Financial downgraded 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. Finally, Barclays upped their price target on shares of Lumentum from $181.00 to $365.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.06.

Insider Activity

In related news, Director Isaac Hosojiro Harris sold 7,200 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $243.32, for a total transaction of $1,751,904.00. Following the sale, the director owned 9,764 shares in the company, valued at $2,375,776.48. The trade was a 42.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jae Kim sold 170 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $246.00, for a total value of $41,820.00. Following the completion of the transaction, the senior vice president directly owned 38,400 shares of the company’s stock, valued at approximately $9,446,400. The trade was a 0.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 28,612 shares of company stock valued at $7,317,398. 0.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LITE. EverSource Wealth Advisors LLC boosted its position in Lumentum by 363.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Lumentum during the fourth quarter valued at $28,000. Danske Bank A S acquired a new position in shares of Lumentum during the third quarter worth $33,000. Chesapeake Asset Management LLC bought a new stake in shares of Lumentum in the fourth quarter worth $37,000. Finally, BOCHK Asset Management Ltd bought a new stake in shares of Lumentum in the fourth quarter worth $37,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Lumentum Stock Up 2.7%

The firm has a market capitalization of $27.78 billion, a price-to-earnings ratio of 262.98 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. The stock has a fifty day moving average of $350.73 and a two-hundred day moving average of $225.41.

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

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.