B. Riley Issues Positive Forecast for Lumentum (NASDAQ:LITE) Stock Price

Lumentum (NASDAQ:LITE) had its price target raised by B. Riley from $83.00 to $147.00 in a research note released on Wednesday morning, Marketbeat Ratings reports. They currently have a neutral rating on the technology company’s stock.

A number of other analysts also recently issued reports on LITE. Stifel Nicolaus set a $220.00 target price on Lumentum in a research report on Wednesday. Morgan Stanley reaffirmed a “cautious” rating and issued a $190.00 target price on shares of Lumentum in a research report on Wednesday. UBS Group lifted their target price on Lumentum from $78.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. KGI Securities assumed coverage on Lumentum in a research report on Monday, August 18th. They issued an “outperform” rating on the stock. Finally, Zacks Research downgraded Lumentum from a “strong-buy” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $189.60.

Lumentum Stock Performance

Shares of Lumentum stock opened at $232.75 on Wednesday. The firm has a market cap of $16.50 billion, a price-to-earnings ratio of 156.21 and a beta of 1.48. The stock’s 50-day moving average is $165.57 and its 200-day moving average is $116.19. Lumentum has a one year low of $45.65 and a one year high of $240.71. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.37 and a quick ratio of 3.18.

Lumentum (NASDAQ:LITE) last issued 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. The company had revenue of $533.80 million for the quarter, compared to analyst estimates of $525.10 million. Lumentum had a return on equity of 4.41% and a net margin of 6.11%.The company’s quarterly revenue was up 58.4% compared to the same quarter last year. 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 analysts predict that Lumentum will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lumentum news, Director Julia Suzanne Johnson sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $119.06, for a total transaction of $148,825.00. Following the transaction, the director owned 22,037 shares of the company’s stock, valued at $2,623,725.22. The trade was a 5.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Wajid Ali sold 2,526 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $124.39, for a total value of $314,209.14. Following the transaction, the chief financial officer directly owned 77,087 shares in the company, valued at approximately $9,588,851.93. This trade represents a 3.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,198 shares of company stock worth $2,180,887 in the last three months. 0.43% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lumentum

Institutional investors have recently bought and sold shares of the business. Steigerwald Gordon & Koch Inc. acquired a new position in Lumentum during the third quarter worth approximately $49,000. Cullen Frost Bankers Inc. acquired a new position in shares of Lumentum in the third quarter valued at approximately $49,000. FNY Investment Advisers LLC acquired a new position in shares of Lumentum in the second quarter valued at approximately $38,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Lumentum in the first quarter valued at approximately $25,000. Finally, MAI Capital Management grew its position in shares of Lumentum by 27.0% in the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock valued at $43,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

About Lumentum

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.