Lumentum Holdings Inc. (NASDAQ:LITE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Lumentum Holdings Inc. (NASDAQ:LITE) has been assigned a consensus recommendation of “Moderate Buy” from the twenty research firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $423.00.

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Lumentum from $145.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Wall Street Zen lowered shares of Lumentum from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Morgan Stanley increased their target price on shares of Lumentum to $350.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Raymond James Financial downgraded shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 target price on the stock. in a research report on Friday, October 31st. Finally, Needham & Company LLC upped their price target on shares of Lumentum to $550.00 and gave the stock a “buy” rating in a research report on Wednesday.

Lumentum Trading Up 8.4%

LITE stock opened at $504.42 on Friday. The company has a market capitalization of $35.76 billion, a PE ratio of 154.73 and a beta of 1.51. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 1.02. Lumentum has a 12 month low of $45.65 and a 12 month high of $507.55. The firm’s 50-day moving average is $363.15 and its 200 day moving average is $234.43.

Lumentum (NASDAQ:LITE) last issued its earnings results on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The business had revenue of $665.50 million for the quarter, compared to the consensus estimate of $646.74 million. During the same period in the prior year, the firm earned $0.42 EPS. The company’s revenue for the quarter was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, research analysts anticipate that Lumentum will post 0.03 EPS for the current year.

Insider Buying and Selling

In other Lumentum news, Director Julia Suzanne Johnson sold 10,000 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $270.39, for a total value of $2,703,900.00. Following the completion of the transaction, the director directly owned 12,037 shares in the company, valued at approximately $3,254,684.43. The trade was a 45.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jae Kim sold 170 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $246.00, for a total transaction of $41,820.00. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,180 shares of company stock worth $4,551,380 in the last three months. Corporate insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in Lumentum by 363.9% in the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after acquiring an additional 131 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Lumentum during the 4th quarter valued at $28,000. Danske Bank A S acquired a new stake in Lumentum in the third quarter worth about $33,000. Chesapeake Asset Management LLC purchased a new stake in shares of Lumentum during the fourth quarter worth about $37,000. Finally, BOCHK Asset Management Ltd acquired a new position in shares of Lumentum during the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Key Stories Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Q2 results beat expectations — EPS and revenue topped estimates, revenue grew ~65% Y/Y and management issued Q3 guidance above Street forecasts, underpinning the rally. LITE Q2 earnings beat (Zacks)
• Positive Sentiment: Citigroup raised its price target to $560 and put a Buy rating on LITE, signaling further upside from analysts keyed to the strong quarter. Citigroup raises LITE PT to $560
• Positive Sentiment: Rosenblatt lifted its target to $580 (Buy), and Mizuho raised its target to $525 (Outperform) — multiple firms boosting targets reinforces bullish professional sentiment. Rosenblatt raises PT to $580 (Benzinga)
• Positive Sentiment: B. Riley and Zacks moved Lumentum toward stronger ratings (B. Riley upgrade; Zacks Rank #1 Strong Buy), adding conviction from sell‑side and quant shops. B. Riley upgrades LITE (MSN)
• Positive Sentiment: Institutional interest noted — Fidelity highlighted Lumentum in its Growth Strategies fund commentary, indicating buy-side recognition of LITE’s growth profile. Fidelity mentions LITE (InsiderMonkey)
• Neutral Sentiment: Bank of America raised its target to $520 but kept a Neutral rating — supportive but less bullish than some peers, reflecting varied analyst assumptions on sustainability of growth. BofA raises PT to $520 (Benzinga)
• Neutral Sentiment: Earnings call and transcripts are available for details on product mix, supply and AI-driven demand; read management commentary for signals on sustainability of the beat. Q2 2026 earnings call transcript (Seeking Alpha)
• Negative Sentiment: One shop (Stifel) set a $480 target — below current levels — which could cap upside if momentum stalls or guidance disappoints. Stifel sets PT $480 (TickerReport)
• Negative Sentiment: Some published targets remain well below the current price (e.g., an earlier $362.94 figure), illustrating dispersion in analyst views and the risk of volatile reactions to any downside surprises. Price target $362.94 (MSN)

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.